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AERONET ESTABLISHES SINGAPORE-BASED SUBSIDIARY

Irvine, CA – October 1, 2004

Aeronet, a leader in integrated logistics solutions, announced its formal expansion into the Asia-Pacific Region with the establishment of its new Singapore-based subsidiary. Offices and terminal are now officially open for business.

"Our new subsidiary in this important part of the world is consistent with Aeronet's commitment to providing our global clients with complete supply chain optimization and solutions," commented Tony Medeiros, President and C.O.O. of Aeronet. "Our new Singapore Offices are staffed with experienced, local professionals capable of addressing the most complex logistics challenges. Clients in the Asia-Pacific Region will benefit from Aeronet's ability to provide analysis, solution design and implementation of global supply chains," added Medeiros. Aeronet reaffirms its position of offering global clients One Team, around the world and across the supply chain.

The new Aeronet Pte Ltd. is located at 8 Cross Street #11-00, Singapore, 048424. Aeronet maintains an extensive global network offering a complete range of international services complemented with a suite of eBusiness Solutions, technology integration and robust information management systems.

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.


Press Contact:

Felipe Arjonilla
Vice President, Product Development and Marketing
Aeronet

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


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