ARC Advisory Group's Logistics Service Provider Report Recognizes Odyssey Logistics & Technology's Industry-Specific Services as Growing Trend; Study Finds $52 Billion Logistics Market Driven Largely by Manufacturers

Business Wire, August 9, 2005

DANBURY, Conn. -- A recent in-depth market study from ARC Advisory Group focusing on the Logistics Service Provider (LSP) market identifies the increasing move of LSPs from generic to industry-specific services. Odyssey Logistics & Technology, a provider of global transportation and logistics services for chemical and process manufacturers, was highlighted as a leading provider. The report, titled "A Strategic Guide for Logistics Service Providers (3PLs): Industry Trends, Provider Profiles and Maturity Model," provides a detailed and quantitative understanding to the market landscape, differentiating among the leading service providers like Odyssey.

The report findings position the logistics industry's net revenues around $23.5 billion annually with manufacturing industries accounting for more than 78 percent of these revenues. The North American market dominates with more than 45 percent; however, Europe, the Middle East and Africa (EMEA) is an important region, possessing more than 40 percent share. Other key findings include logistics service providers' migration from generic services to industry-specific services, the shifting focus to profitable growth and penetration of the small and mid-sized market.

"Odyssey's intimate focus on the chemical industry and other process manufacturers enables us to provide our customers with industry-tailored services and support," said Bob Shellman, CEO of Odyssey Logistics & Technology. "As one of the industry-leading LSPs dedicated to the under-serviced chemical industry, we are well positioned to continue our steady quarter-over-quarter growth and reach into new markets, including Europe."

ARC identifies leading LSP innovators as supplying timely and accurate visibility across a company's enterprise. Odyssey's service offering provides increased visibility throughout the entire supply chain, enabling cost savings through real-time access to data and business intelligence. The company's outsourced services coupled with its innovative technology infrastructure allows seamless communication and connects directly to Odyssey customers' existing technology systems, giving manufacturers end-to-end visibility.

Initiated at the request of manufacturers, retailers, software vendors and logistics service providers, the research report was produced from information about 20 LSPs obtained through detailed questionnaires, telephone interviews and in-depth secondary research, like financial statements, Web sites, literature search and third-party research. According to ARC, the selected LSPs "serve as a reasonable proxy for the overall market, and they're generally recognized as market leaders or innovative by clients, the media and analysts."

ARC Advisory Group hosted a Web cast to discuss the completed Strategic Guide of Logistics Service Providers market study and the archive can be accessed from the company's Web site, and a full report can be purchased. For more information visit http://www.arcweb.com/.> 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 first-of-its kind 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.