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Press Release

adi Consult GmbH Expands into U.S., Opens Offices in New York and California
(March 11, 2002)

Focuses on International Forwarding Companies and Logistics Providers

Adi Consult GmbH announced today that it has expanded into the United States. The newly formed US operation, Adi Management Consult, Inc. has opened offices in Oceanside, New York and Escondido, California. Adi will focus on international forwarding companies and logistics providers, emphasizing the areas of operational consulting, personnel placement, and mergers and acquisitions. The company has a proven track record consulting for international providers of integrated logistics services, such as land transport, worldwide air and sea freight, and Summaries businesses that support the global exchange of goods.

“Adi recognizes the growing need of its clients on both sides of the Atlantic for expert advice and support,” said Manfred Engst, President. “Many transporation and logistics companies, as well as importers and exporters, are experiencing a rapidly growing need for complete, competent, and industry specific support and advise from external sources. We have tailored our approach and product offering to meet this demand.”

The company’s leadership team includes Manfred Engst, president of Adi, and Helmut Berchtold, Adi’s executive vice president. The two have held top executive management positions in various international companies and have extensive background as consultants. “Our expertise covers everything from sales of companies and management buy-outs to a deep understanding of the transportation and logistics industry,” said Berchtold. “We support our clients with professional analysis and evaluations of market conditions and country specific company structures.”

In addition to a hands-on knowledge of the global logistics market, Adi is proficient in the areas of business analysis and strategic planning, validating existing or creating new business plans, optimizing and streamlining organizational structures, productivity and efficiency studies, as well as executive searches. Adi Management Consult conducts business around the world. Its customers include US Freightways, Lufthansa Cargo and Schenker-Stinnes Logistics.

The U.S. openings mark a major expansion of Adi Consult GmbH, located in Germany. Adi Consult GmbH and Adi Management Consult, Inc. will each hold shares in their respective organizations. The company plans to launch a Singapore branch later this year.

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