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BestTransport Announces $2.5 Million Financing to Fund Growth

Reservoir Venture Partners and Adena Ventures lead in first institutional round

COLUMBUS, OHIO, October 6, 2004 — BestTransport, a leading provider of online based transportation execution system solutions today announced it has closed a $2.5 million round of venture capital financing. New investors, Reservoir Venture Partners and Adena Ventures, joined several existing individual investors in completing this financing.

BestTransport has over 3,000 shippers and carriers using its logistic solutions including Alcoa, the world's primary producer of aluminum. The company intends to use this investment to aggressively expand its sales and marketing activities and support ongoing product enhancement.

"We are excited to have received this confirmation of our product, the market opportunity and our executive team's ability to execute," said Mark Shary, BestTransport President. "This funding will help to accelerate our growth and enhance our position of leadership in this space."

"We have been looking for an opportunity in the outsource service industries," said Curtis Crocker, a General Partner at Reservoir Venture Partners. "BestTransport presented us with this unique opportunity. It's a great intersection of an excellent product, vision and team. We are looking forward to working with the management team to take this to the next level."

"BestTransport is a dynamic company in a transforming industry," said Jeff Doose, a partner in Adena Ventures. "The company's growth opportunity, particularly at its Wheeling, West Virginia service center, is of tremendous interest to us."

About BestTransport
BestTransport is the leading provider of the online Transportation Execution System (BestTES) for companies that use trucks for outbound and inbound freight. Shippers and third party logistics providers utilize the system to control freight costs, increase staff productivity and improve delivery service levels. Members of the BestTransport community securely access the Network via the Internet and use the BestTES to automate all aspects of transportation execution, including creating loads, selecting carriers, tracking shipments and consolidating freight bills. And, unlike purchasing software, with the BestTES there are no upfront licensing commitments and members only pay for the value received. The BestTransport Network processes thousands of shipments a day for companies such as Alcoa, Allegheny Technologies, Bull Moose Tube Company, Earle M. Jorgensen Company, and Greif, Inc. and maintains connections to over 2,500 carriers. For more information, call (866.741.2378) or visit www.besttransport.com.

About Reservoir Venture Partners
Reservoir Venture Partners, a venture capital firm located in Columbus, Ohio, brings capital, business building acumen, and a strong network to entrepreneurs and their teams. Reservoir targets investments in seed and early stage technology-focused companies with an emphasis on biosciences and information technology. The firm focuses on investments in Ohio and throughout the Midwest. For more information, call (614.846.7241) or visit www.reservoirvp.com.

About Adena Ventures
Adena Ventures is the nation's first and largest New Markets Venture Capital (NMVC) company. The Fund provides both investment capital and operational assistance to smaller enterprises and entrepreneurs in the Fund's target region of central Appalachia, which includes: southeastern Ohio, West Virginia, western Maryland and northeastern Kentucky. BestTransport is Adena's sixth investment overall and third investment in Ohio. For more information call (740.597.2173) or visit www.adenaventures.com.