TLS Successfully Addresses Y2K

Business Wire, Oct 25, 1999

SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 22, 1999--

Technology Logistics Systems (OTC BB:TLOS) announced today that it has completed a successful review of its program management systems to insure all Y2K coordination with its inventory management, inventory control and client coordinated programs.

Ben Scrimizzi, CEO of Technology Logistics Systems (TLS), stated, "We have completed a full review of Y2K issues with our clients and feel confident that the transition to the new millennium will be a smooth one."

TLS clients include: Lucent Technologies(LU), On-Command Corporation(ONCO), and Cymer(CYMI). Recently, TLS announced the launching of its e-commerce system and web site, www.i-tls.com.

TLS, founded in 1994, is located in Silicon Valley and focuses on providing master warehousing services, management of product exchange/returns programs as well as hands-on operation of remote depots for Fortune 500 companies.

This press release was derived from sources seeming reliable. No assurance can be made that the information is accurate, or that projected results will be achieved. Statements in the release are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Act of 1995. Investors are cautioned that like forward looking statements, certain risks and uncertainties are involved, including, without limitation, continued acceptance of the company's services, increased level of competition for the company and dependence of the performance of the management of the company.