25 September 2003

FOR IMMEDIATE RELEASE

LAUNCH OF EZYCARGO INTERNET PORTAL

Global Logistics System (HK) Co Ltd (GLSHK) together with Cargo Community Network of (CCN) today announced the launch of a new Internet-based cargo portal. This Internet portal, called Ezycargo, has been jointly developed and is jointly operated by GLSHK and CCN.

Ezycargo has the initial support from four leading Asia-Pacific airfreight carriers: Cargo, Cargo, Freight and Cargo.

Ezycargo is a full-service Internet-base air cargo portal. Customers will be able to make allotment and free-sale bookings, review flight schedules and cargo space availability as well as track and trace the progress of their shipment.

The service will also offer up-to-date airway bill stock management, e-invoicing and e- payment facilities, along with a variety of advanced electronic features to suit individual customer’s needs.

GLSHK Chief Operating Officer Paul Tam said: “Ezycargo represents a major milestone in the development of e-business capabilities in the air cargo community. With access to a complete e-cargo management solution, both forwarders and airlines can leverage Ezycargo’s sophisticated online functions to enhance customer satisfaction and business competitiveness."

CCN General Manager Lim Yeok Chiang said: “The partnership of CCN and GLSHK will enable the two companies to offer e-solutions to airlines and forwarders on a global basis.”

Global Logistics System (HK) Co. Ltd., also known as TRAXON-HKTM, has been serving the cargo community since 1992. Cargo Community Network Singapore has also been offering services to the air cargo community since 1992.

FOR FURTHER INFORMATION :

Global Logistics System (HK) Co Ltd Paul Tam Chief Operating Officer Global Logistics System (HK) Co Ltd 11/F Chinaweal Centre 414-418 Jaffe Road, Wanchai Hong Kong Tel: +852 2833 1833

Cargo Community Network Pte Ltd Lim Yeok Chiang Director & General Manager Block 12, The Mendal #04-03 Science Park Drive Singapore 118225 Tel: +65 6870 7105