Verizon Business Signs Power2Ship as New Managed Hosting Customer

BASKING RIDGE, N.J. - Verizon Business announced today a new two-year agreement with Power2Ship Inc., creator of the P2S MobileMarket, an asset management tool for the truckload freight industry. Verizon Business is providing a robust managed hosting environment that meets the growing demand for supply chain asset tracking, visibility and up-to-the-minute information for shipping and transportation companies. Terms of the agreement were not disclosed.

Backed by Verizon Business' IT Solutions Hosting services, Power2Ship's secure wireless Internet-based application system enables freight operators to track the movement of any number of trucks around the country, as well as containers entering the nation's ports from around the world. As a result, Power2Ship can more efficiently meet its customers' demands for real-time information on shipping transactions, while helping to safeguard the nation's transportation systems.

"Millions of dollars are at stake each year in the transportation industry due to theft of cargo, missing shipments and the need to protect shipments against potential terrorist activities," said Steve Young, group president for Verizon Business corporate accounts. "Verizon Business is helping Power2Ship to address these challenges by powering its advanced Web-based applications used to closely track shipments, monitor the supply chain and secure cargo."

With Verizon Business' managed offering, Power2Ship can more readily focus on developing compelling electronic applications to keep America's trucks safe and running on schedule. Additionally, Verizon Business' managed hosting service enables Power2Ship to reduce operational costs by outsourcing its hosting needs.

"We selected Verizon Business because it offers a powerful hosting environment, including an IP network with a reputation for reliability, scalability, flexibility and security," said Michael J. Darden, president, Power2Ship. "Verizon Business provides the right environment to ensure our continuous operation, allowing anytime visibility into our customers' shipments."

Verizon Business delivers an extensive portfolio of IT Solutions that offer varying levels of service management and include Data Center Colocation, Data Center Outsourcing, Remote Backup and Restore, Hosted Messaging, IT Service Desk, IP Application Hosting and Remote IP Application Management.

About Power2Ship, Inc.

Power2Ship (P2S) created the MobileMarketTM, a web based application that specializes in the collection and processing of real-time transportation information using proprietary, event-driven software that optimizes the utilization of transportation assets and provides exception-based information to trading partners. P2S' services are offered to the supply chain management industry including manufacturers and distributors of goods as well as service providers that transport goods. In addition, P2S has two wholly owned subsidiaries, Commodity Express Transportation, which operates a fleet of tractors and trailers, a freight brokerage and a warehouse operation, and Power2Ship Intermodal, which is a non-asset based drayage company that arranges the transportation of freight containers arriving at various ports and rail terminals. P2S also is seeking to incorporate the P2S MobileMarket(TM) into solutions that address global transportation security issues by collaborating with L-3 Communications and other technology and defense companies. Finally, P2S seeks merger, acquisition, and joint venture opportunities with strategic third party providers in the supply chain arena.

Verizon Business

Verizon Business, a unit of Verizon Communications (NYSE: VZ), is a leading provider of advanced communications and information technology (IT) solutions to large business and government customers worldwide. Combining unsurpassed global network reach with advanced technology and professional service capabilities, Verizon Business delivers innovative and seamless business solutions to customers around the world. For more information, visit www.verizonbusiness.com.