Odyssey Logistics & Technology Awarded Patent for Integrated Logistics System : 8/23/05

DANBURY, Conn. – Aug. 23, 2005 -Odyssey Logistics & Technology Corporation, a provider of global transportation and logistics services for process manufacturers, today announced it has been granted U.S. Patent No. 6,915,268 entitled “Transport Logistics Systems and Methods” by the United States Patent and Trademark Office on July 5, 2005. The patent relates to Odyssey’s Global Logistics PlatformSM, a flexible technology backbone with demonstrated abilities to manage and execute logistics across multiple modes of transportation and shippers.

Odyssey’s proprietary transportation management technology includes purchasing, contract administration, scheduling, shipping and payment functions delivered with one integrated logistics system. The patent awarded to Odyssey prohibits the sale, offer for sale, installation or use of such a system anywhere in the United States without the permission of Odyssey Logistics & Technology Corporation.

“Our logistics system design is the result of internal development efforts over the past five years,” said Raymond G. Maier, senior vice president and general counsel for Odyssey Logistics & Technology. “This recognition by the U.S. Patent and Trademark Office of our unique contributions to logistics technology complements our reputation as a leading and innovative provider of global logistics management services. The grant of this patent protects our investments and prevents others from copying or imitating our technology.”

Servicing the chemical industry and other process manufacturers, Odyssey enables its customers to outsource any part or all of their transportation requirements. Odyssey manages all aspects of the supply chain from inbound sourcing and delivery logistics through outbound shipment, handling, consolidation, deconsolidation, distribution and delivery of end products by leveraging its technology platform and information systems. By integrating its net-native technology platform throughout all of these activities, Odyssey provides each client with complete visibility into its entire transportation supply chain, saving money through a reduction in costs and improving customer service and satisfaction.

About Odyssey Logistics & Technology
Odyssey Logistics & Technology provides global logistics management services to the chemical industry and other process manufacturers. Odyssey enables its customers to outsource any part of the management and transportation of their raw materials and finished goods, helping these companies save money through reduced transportation and infrastructure costs, measurable customer service and process improvements, and enhanced data quality and management. The Odyssey team of chemical engineers and logisticians brings unparalleled expertise to the logistics supply chain in all modes of transport. The Odyssey Global Logistics Platform is a transportation management infrastructure that serves as the technology backbone to its service offering. Odyssey International is a licensed export freight forwarder and wholly owned subsidiary of Odyssey Logistics & Technology, managing exports to more than 80 countries. The company is backed by investors Trident Capital, LogiSpring, Boston Millennia Partners, CMEA Ventures and RRE Ventures. For more information, visit www.odysseylogistics.com on the Web.

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