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PRESS RELEASE

AmeriQuest Acquires FleetXchange.com Adding Content and Community to the Transportation Network

The combination creates the premier sites for the transportation industry

CHERRY HILL, NJ - February 13, 2001: AmeriQuest, a leading provider of transportation and logistics services for the fleet management industry, has purchased FleetXchange.com, an Internet B2B operator of a commercial transportation knowledge exchange, from Neodesic, Inc., Evanston, IL. The transaction closed end of day, Thursday, February 8, 2001, and has been treated as an exchange of equity between AmeriQuest and Neodesic. The value of the transaction was not released.

Combined with the recent announcement that Transervice Lease Corp./Transervice Logistics Inc. has joined as a full participant, the acquisition of FleetXchange.com increases the number of transport units in the AmeriQuest network to more than 230,000, or nearly five percent of the country’s surface commercial fleet.

“This acquisition will deliver considerable value to our users by supplying them with the latest industry content and the quickest response tools for customer relationship management information,” said Doug Clark, President and CEO of AmeriQuest.

FleetXchange.com aggregates the best fleet-related knowledge and expertise, and makes this information easily available on the Web to fleet owners, managers and maintenance supervisors.

“AmeriQuest is a strong supporter of independent fleets, and the acquisition of FleetXChange.com clearly will help companies build their businesses in an ever competitive environment by combining the great information and support mechanisms in FleetXchange.com with the procurement elements of AmeriQuest,” said Joe Ciolino, Executive Vice President, Corporate Development of AmeriQuest.

“We are very pleased that FleetXchange.com is moving to a great company like AmeriQuest, and are confident our members will continue to lower reduce operating costs their total cost of ownership and improve their fleet purchasing and maintenance effectiveness as a result,” said Gerard Beenen, former Vice President, Business Development of Neodesic.

Ciolino added that Beenen and other FleetXchange professionals have joined AmeriQuest.

The addition of FleetXchange.com to AmeriQuest will also work to build volume in the network by drawing more commercial transportation professionals to the sites. The content and knowledge FleetXchange.com develops will continue to be available to the entire industry, and the e-commerce element, a closed B2B community driven by AmeriQuest’s purchasing engine, will be available to those users meeting certain volume and credit requirements.

About AmeriQuest Transportation Services
AmeriQuest is a leading provider of comprehensive fleet management services. By leveraging the strength of over 700,000 vehicles, AmeriQuest delivers savings, expertise, and opportunities to its private fleet and truckload carrier members. AmeriQuest provides supply management services, asset management services, financing, technology products, and outsourced transportation management services such as full service leasing, integrated logistics, and contract maintenance. More information can be found at ameriquestcorp.com.