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AERONET ANNOUNCES NEW PRESIDENT AND C.O.O.



Los Angeles, CA – January 15, 2003

Aeronet, a leader in integrated logistics solutions, announced the appointment of Tony L. Medeiros as its new President and Chief Operating Officer. This appointment follows Aeronet's commitment to developing a global, integrated logistics network as it enters its 21st year of operations.

Tony Medeiros joins the Aeronet Team with over 20 years in the freight forwarding and logistics industry. As the former President and C.O.O. at a major logistics integrated services provider, Tony built an impressive career and distinct reputation for quality service and innovative management solutions for sustained growth.

Based at the corporate headquarters in Irvine, California, Tony will report to Anthony N. Pereira, founder and Chief Executive Officer of Aeronet. Medeiros will direct the company in its nationwide expansion plans through strategic initiatives that will strengthen Aeronet's position in the industry.

"Tony L. Medeiros brings to Aeronet the executive leadership qualities and skills that will propel the company to new levels of growth, client services and efficiency", said Pereira. "I'm excited about joining the Aeronet Team," commented Medeiros, "we have a solid foundation that is well suited for the dynamics of growth and increased services"

Aeronet was founded in 1982 and has grown to over 600 offices and partners located throughout the United States and in 75 countries overseas. Aeronet specializes in personalized service and custom made shipping and logistics solutions. Aeronet is a minority owned business certified by the D.O.T. and Caltrans as a DBE and an SMBE entity.


Press Contact:

Felipe Arjonilla
Vice President, Product Development and Marketing
Aeronet

(800) 552-3869 or e-mail: felipe@aeronet.com


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