Norwest Equity Partners Names New CEO at PeopleNet Communications

Business Wire, July 23, 2007

MINNEAPOLIS -- Norwest Equity Partners ("NEP"), a leading private equity firm focused on equity investments in growing and profitable middle market companies, and the Board of Directors of its portfolio company PeopleNet Communications ("PeopleNet" or the "Company"), today announced that Ron Konezny has been promoted and named Chief Executive Officer, effective immediately.

PeopleNet, the leading provider of onboard computing and mobile communications systems to the nation's transportation industry, has been a NEP portfolio company since 2000. "This promotion recognizes Ron's contribution in leading the management team in achieving the continuing success of PeopleNet," stated John Lindahl, a NEP managing general partner and PeopleNet board member. "The Company has consistently delivered profitable growth while being a pioneer in its industry. Ron has played a vital role in setting and executing this growth strategy," added Lindahl.

Konezny has been with PeopleNet since its founding in 1994 and was Chief Operating Officer and Chief Financial Officer prior to his promotion. His list of key accomplishments at the Company include leading the Company to 18 consecutive quarters of record growth and delivering many industry innovation firsts in his former role of Chief Technology Officer. PeopleNet was the first in the industry to combine the power of GPS, Internet, and wireless technologies for the transportation industry.

John Sarto, the Company's current CEO and Chairman will remain Chairman of the Board of Directors for PeopleNet. "I couldn't be more thrilled for Ron," stated Sarto. "He has worked tirelessly through the years to make PeopleNet the leader in our industry. His passion, intellect, customer focus, and vision for the future will ensure success for years to come."

Erik Torgerson, a NEP partner and PeopleNet board member, stated, "During John Sarto's tenure as CEO, PeopleNet has grown rapidly and achieved impressive business results, including industry leading product innovation. We are excited and confident that Konezny will continue to propel PeopleNet to new heights."

Konezny holds a degree in economics from Northwestern University. He is currently a board member of the Truckload Carriers Association and the National Private Truck Council Fleet Institute. He is also frequently quoted in various transportation media.

Norwest Equity Partners (NEP) provides middle market companies with the capital they need to reach their goals. The firm focuses on providing equity investments of $20-$80 million in growing and profitable companies through management buyouts, recapitalizations, and growth financings. NEP takes pride in its flexible investment charter, extensive resources, carefully tailored transactions and meaningful partnerships. Since its founding in 1961, NEP has earned a reputation as one of the premier private equity investment firms in the United States. NEP has in excess of $3 billion in capital under management and is currently investing NEP VIII, an $800 million fund. Visit www.nep.com for more information on our portfolio and investment team.