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BestTransport and Power2Ship Ink Strategic Partnership Agreement
Venture Expands Both Companies' Networks for Matching Shippers and Carriers
COLUMBUS, Ohio December 20, 2005-BestTransport, a leading provider of advanced network solutions for matching the needs of shippers and carriers, announces a partnership with Power2Ship, Inc. (OTC BB: PWRI), a web-based, collaborative, truckload transportation exchange.
"This partnership extends BestTransport's shipper community access to truck capacity and increases Power2Ship's carrier community visibility to shipping potential." said Mark Shary, BestTransport President and CEO. Shippers and carriers mutually benefit by simultaneously being able to access both networks.
"Power2Ship welcomes the opportunity to partner our truckload exchange with BestTransport;" said Michael Darden, President of Power2Ship. "Strategically, it makes sense for both companies, especially in the current environment of high transportation costs and carrier shortages."
BestTransport and Power2Ship sales teams will cross-sell both companies' solutions to current and prospective clients.
About BestTransport
BestTransport is the most advanced network for matching the needs of shippers and
carriers. It is an on-demand, technology-based service that enables shippers and
carriers to plan, execute and settle inbound and outbound freight activities
efficiently using best practices. The Company's technology platform enhances freight
visibility, delivers metrics to benchmark progress, reduces transportation costs and
facilitates collaboration. BestTransport connects over 3,000 shippers and carriers and
processes thousands of shipments daily for industry leaders in North America,
including Alcoa, Allegheny and Bull Moose Tube. Because there is no software to
purchase or licensing commitments, members pay only for the value received. For
more information, visit us at www.besttransport.com
or contact Trisha McClain at 614.888.2378, extension 203.
About Power2Ship, Inc.
Power2Ship (P2S) is a Web-based Collaborative Marketplace that provides supply chain,
tracking and other logistics information that enables freight carriers
(trucking companies), shippers (senders and receivers of freight) and their customers
to make better-informed, cost-effective transportation / logistics decisions. This
information assists P2S Member Shippers to optimize their supply chain and reduce
their transportation, warehousing and inventory carrying costs. P2S Member Carriers
receive free, unlimited use of an asset management system through the MobileMarket(TM)
to track the location, destination and availability of their transportation assets.
P2S has three other divisions pursuing opportunities to accelerate the market
penetration of its patent-pending P2S MobileMarket(TM). An international licensing
division markets the P2S MobileMarket(TM) abroad. A security division focuses on
Homeland Security initiatives primarily related to container security. A strategic
transactions division is pursuing merger, acquisition and joint venture opportunities
with strategic trucking companies and other transportation-related service providers.
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