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For Immediate Release

PBB Global Logistics Announces
New Vice President Appointments

Fort Erie, Ontario - July 23, 2003 –Mike Scott, President and CEO of PBB Global Logistics, has announced a change to the company’s management team. Four Vice Presidents have been appointed to ensure the company’s continued position as a leading provider of third-party international logistics services. The appointments became effective June 16, 2003.

“In today’s demanding business landscape, there is a constant need for companies to plan for the future,”said Scott. “This strong leadership group will focus on further development of PBB’s core business initiatives and ensure a seamless integration of company-wide goals and directives, which will ultimately benefit our customers.”

John Ferguson, Vice President, Sales & Marketing, joined PBB in 1987 and has held several senior-level sales and marketing positions throughout his 15-year tenure. He was responsible for spearheading the re-branding of PBB Global Logistics from Peace Bridge Brokerage. In addition, Mr. Ferguson was a leading force behind PBB's groundbreaking China Trade Mission, the first privately run trade mission of its kind. He most recently held the position of Director, Sales & Marketing. Mr. Ferguson has had a pivotal role in developing many of the company’s innovative sales and marketing strategies, which have resulted in PBB receiving Transportation Marketing and Communication Association’s (TMCA) prestigious “Tranny”Awards for three consecutive years. His efforts have also been recognized with the esteemed Ontario Global Traders Award and this year’s Supply Chain & Logistics Canada (SCL) Innovation Award. Mr. Ferguson holds a degree in business and economics, is a Certified Canadian Customs Specialist and is also a graduate of the Wilfrid Laurier University’s Supply Chain Management Executive Program.
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Mark Lidkea, Vice President, Customs Operations, joined PBB in 1985. He has been an integral part of PBB’s aggressive expansion efforts that have resulted in a strategic network of logistics centres in Calgary, AB; Seattle, WA and Vancouver, BC. Most recently, Mr. Lidkea served as Director, Western Operations with PBB and was instrumental in the creation of Purolator Trade Solutions –a joint venture between PBB Global Logistics, Inc. and Purolator Courier Ltd. Mr. Lidkea now serves as an officer of this new company. He is a Licensed Professional Canadian Customs Broker and a Certified Canadian Customs Specialist. He is also a graduate of the Wilfrid Laurier University’s Supply Chain Management Executive Program and an executive board member with the Air Courier Conference of America (International Committee).

Joe Morinello, Vice President, Finance & Administration, began his career in PBB’s Accounting Department in 1986 and has held several senior level accounting positions within the organization. He was instrumental in standardizing several policies and procedures including the successful implementation of new in-house financial systems that have resulted in increased efficiencies for PBB. He also played an integral role in the opening of PBB’s Calgary, AB; Toronto, ON and Vancouver, BC distribution facilities. Mr. Morinello earned his Certified Management Accounting designation in 1992. He most recently held the position of Director, Accounting Canadian Operations.

Gary Vince, Vice President, Logistics Operations, has more than 20 years of extensive logistics experience with several multi-national logistics providers. He has diversified expertise in the areas of project cargo, air and ocean freight, warehousing and distribution, and developing North American shipping networks. Mr. Vince joined PBB in 1998 and has since developed various North American e-business and regulatory strategies related to international freight. He has developed and implemented key corporate goals, objectives, processes and business strategies while continuing to establish key business relationships with global agents.
Mr. Vince is a member of several professional associations and has attained his P.Log accreditation.

“Collectively, the new VP group represents more than 70 years of service in, and knowledge of, the logistics industry,”said Scott. “Their loyalty, commitment, years of expertise and proven success will strengthen PBB’s ability to meet future opportunities and challenges head on.”

PBB Global Logistics is a leading provider of third party international logistics services, facilitating the movement of goods across North America and around the world. Founded in 1946, PBB has expanded its core Customs brokerage and freight operations and now provides supply chain solutions, from the point of origin of goods to the point of consumption, as well as corporate travel management and professional trade services. With approximately 900 employees in over 70 strategic locations throughout North America and an established global network of logistics service providers, PBB has the technology, expertise, and infrastructure to meet every supply chain need. PBB Global Logistics is a wholly owned subsidiary of PBB Global Logistics Income Fund with units trading on the Toronto Stock Exchange under the symbol PBB.UN.

For more information contact:
1-800-924-4466 ext. 3634
info@pbb.com
www.pbb.com