For Immediate Release

PBB Among Canada's 50 Best Managed

Fort Erie, Ontario - December 15, 1999 - PBB Global Logistics has been named one of Canada's 50 Best Managed Private Companies, earning this much-sought after designation in the annual ranking of corporations coast-to-coast. The national award places PBB among the elite of Canadian private enterprise.

"This important national achievement reflects PBB's team commitment to providing quality services to our valued customers," says Glenn Brown, president, PBB Global Logistics. "By earning this recognition, we further our mission to continually improve by building leading-edge integrated logistics solutions around the world."

The "50 Best Managed" national awards program is a select ranking of hundreds of companies from across Canada. In order to be considered, firms must be more than 50% Canadian owned, have greater than $3-million in revenues and employ more than 25 people.

The "50 Best Managed" award winners are selected after a thorough interview and research process, where companies are ranked by the excellence of their products and services, the motivation of their employees, their commitment to customer service and their ability to implement results-generating business strategies.

PBB's strategic plan for future growth was a key reason for the designation. This plan includes growing the company through select acquisitions, enhancing global alliances with major logistics partners around the world, continuing wide-ranging investment in technology and furthering a commitment to new emerging markets including Asia and Latin America.

A recent result of PBB's strategic plan is a privately-led Trade Mission to China in March 2000, offering participants the unique opportunity to visit seven major commercial cities and network with key industry and government contacts. With the assistance of the Alliance of Manufacturers & Exporters Canada and Team Canada Inc., the PBB-led mission will benefit companies seeking to access this critical market for the first time or expand existing trade networks.

The company also recently launched e-globallogistics.com (TM) , which enhances its web-IT expertise. E-globallogistics.com (TM) provides order fulfillment services in addition to supply chain management to the growing number of businesses selling over the Internet.

"With new service offerings, a growing North American network, an unmatched pool of knowledge and expertise, and a pro-active strategic plan, PBB is well positioned to build on this award," Mr. Brown says.

PBB Global Logistics employs more than 1,000 people in 70 locations throughout North America.

It offers fully integrated global logistics services including: International Freight Forwarding, Customs Brokerage, Warehousing and Distribution, Transborder Shipping, Integrated Technology, International Trade Solutions, Corporate Audit, International Mail Order Systems and Corporate Travel through a North American network of automated facilities and world-wide strategic alliances.