Oceanwide.com Launches ForwarderLogic

FOR IMMEDIATE RELEASE
Contact: Jacinthe Leclerc, Director
of Communications
Tel:1-888-289-7744, extension139
email:jacinthel@oceanwide.com
http://www.oceanwide.com

Freight forwarders to benefit from superior technology and product support

Montreal, QC - August 28, 2000
Oceanwide.com, a leading provider of Internet e-commerce business solutions to the transportation and logistics community, announced the official launch of their ForwarderLogic application.

ForwarderLogic is Oceanwide.com's comprehensive operations and documentation management system. The fundamental design is an extranet application linked to a centralized database and Web server, allowing multiple offices to be linked together. The system, which is currently ready to use, enables forwarders to trade documents with carriers, shippers and truckers through a Web interface resulting in a significant decrease in the delays associated with import and export document processing.

Oceanwide.com provides ForwarderLogic on an Application Service Provider (ASP) basis. Essentially, the freight forwarder pays for
customizationand deploymentand then "rents" the application from Oceanwide.com. This allows any size of forwarder to have a state-of-the-art system without significant capital investment. Oceanwide.com's obligation is to provide a secure and reliable system, maintain the necessary hardware, software and database as well as manage all data integration with customers and suppliers.

This inter-modal ASP is a turnkey solution for the freight forwarder's IT needs. Developed by our team of industry professionals, ForwarderLogic can be customized and deployed at a fraction of the time and cost it would take to develop and implement a comparable system in-house. The scalability of the ASP model ensures that ForwarderLogic allows unlimited growth without requiring reinvestment. Progressive forwarders can now enjoy all the benefits of employing a first class e-commerce application without enduring the technological complexities of maintenance and upgrading.

About Oceanwide.com

Oceanwide.com is a leading provider of
Internet e-commerce business solutions to the transportation and logistics community. Oceanwide.com provides on-line cargo insurance, customized messaging solutions and operations systems for freight forwarders. The company's web site is http://www.oceanwide.com.

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