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For Immediate Release

PBB to Offer Streamlined Solution for Food Exporters
Logistics provider will serve as U.S. agent under FDA’s new food registration rules

Fort Erie, Ontario –September 22, 2003 –PBB Global Logistics announced today that it will be among the first international trade specialists to offer agency services to agri-food customers who ship food and food-related products to the U.S. The service is designed to help exporters ensure access to the critical U.S. market in anticipation of a comprehensive series of new regulations being developed by the U.S. Food and Drug Administration (FDA).

The overall direction of the FDA’s plans is to strengthen its ability to protect the U.S. food supply through increased regulatory oversight. Consequently, food facilities worldwide will be required to register with the FDA before the new rules come into effect, expected on December 12, 2003. Canadian and other foreign-based companies will also be required to appoint a U.S.-based agent as a communications link with FDA. Such U.S.-agent may handle the registration only if specifically authorized, while U.S. facilities must register themselves directly with FDA.

PBB is ideally positioned to serve as an agent, thanks to its long history of working with the FDA in Customs and other trade matters. The new service is an extension of the company’s Trade & Regulatory Services, which provides expertise ensuring compliance with complex international trade rules for hundreds of companies worldwide.

In addition to serving as an agent and handling the registration process, PBB can also assist in establishing systems and procedures to help prevent penalties and possible detention of shipments at the border. “By representing companies in their dealings with FDA, we are ensuring our commitment to being the single point of contact for all cross-border supply chain needs,”said Jack Rafferty, Managing Director, Corporate Regulatory Services, PBB Global Logistics. “With services covering logistics, Customs clearance and now representation in FDA matters, PBB truly offers an efficient and cost-effective solution for food exporters.”

In its capacity as Customs broker, PBB can also offer efficient handling of the prior notification process, another key provision of the FDA’s upcoming changes. Under the new rules, all cross-border food shipments must be reported to the FDA. For many companies, this prior notice requirement represents a significant challenge to existing shipping and Customs procedures, which can be simplified considerably through PBB’s single integrated approach.

“Any business operating directly or indirectly in the agri-food industry is wise to familiarize itself with the changes –and challenges –to come,”said Mr. Rafferty. “With implementation just around the corner, companies should begin planning now for the FDA’s new regulatory framework.”

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