Press Release

CME and Channel Logistics team to Revolutionize Ocean-Based Logistics

CME and Channel Logistics provide integrated solution from Shipping Dock to Receiving Dock

CAMPBELL, CA. and CAMDEN, NJ., June 17 – Commerce Events Inc. (CME) and Channel Logistics announced today that they have integrated Channel Logistics’ Ocean Log Application with CME’s adaptive software solutions. The joint Portal Technology will track shipments from receipt at the shipper’s loading dock through transport and delivery to the customer’s loading dock. The benefits include streamlined operations and auditable accuracy of goods levels throughout the entire process. The joint solution is currently available.

CME’s logistics applications streamline receipt of goods, reconciliation with items ordered, and recommendations for improved operations. Channel Logistics’ Ocean Log “Private Logistics Network” provides unparalleled efficiencies throughout the entire ocean transportation execution process – from selecting a vendor to processing paperwork to managing intransit operations. “Channel Logistics’ capabilities and targeted markets align perfectly with CME’s goals,” said Anand M. Das, CEO and CTO of Commerce Events Inc. “The integrated solution will drive unparalleled efficiencies from end to end, as measured by both the top and bottom lines.”

CME and Channel Logistics are targeting the same markets – Department of Defense and Global 5000 shippers – for their solution. “Together, our companies provide unmatched benefits to our joint customers,” said Livingston Davies, Chairman of Channel Logistics. “Our joint efforts will allow us to leverage each other’s resources and contacts to quickly capture and delight our user base.”

CME’s software solutions will act as a real-time feed to the Ocean Log Application, thereby enabling greater efficiencies and unparalleled accuracy. Ocean Log’s up-to-the-event status information will also be utilized by CME’s recommendation engine to proactively notify Defense logisticians and Supply Chain operations personnel of a problem situation and how it can be effectively resolved. The combined solution is now available.

About Commerce Events

Commerce Events, Inc. (CME) is the industry leader in powering adaptive supply chains. Founded by veteran software industry executives and leading enterprise integration experts, CME’s mission is to develop powerful, next-generation networked applications that will for the first time enable enterprises to adapt in real-time to changing business conditions, to accommodate accelerated product life cycles, and to deliver mass customization. CME solutions help Global 5000 enterprises and governmental agencies optimize the organization’s objectives – whether they are increasing revenue through optimizing the entire supply chain, increasing flexibility to respond to the unexpected, or decreasing costs through operational efficiencies.

Headquartered in the Silicon Valley area of California, CME has operations throughout the US and the globe. CME has established strategic partnerships with leading technology vendors such as BEA (Nasdaq: BEAS), IBM (NYSE: IBM), and SUN (Nasdaq: SUNW). More information about CME can be found at http://www.CommerceEvents.com.

About Channel Logistics

Channel Logistics, LLC (CL) is the Best-of-Breed industry provider in executing ocean logistics with its “Private Logistics Network’ portal technology. Founded by veteran software and shipping industry executives coupled with leading logistics partners, Channel Logistics is driven to be the Best-of-Breed Ocean Logistics Solution for an integrated end-to-end "Private Logistics Network" by flawlessly executing "Ocean-Log" and stellar partner solutions to achieve quick ROI and a high level of satisfaction for our customers.

Headquartered in Camden, NJ, Channel Logistics has established a global logistics service network with industry leaders Barwil, Oslo and Yusen, Japan. Channel Logistics selection to CECOM (Project ACIN) has established a strategic relationship with the U.S. Army. More information about CL can be found at http://www.ChannelLogistics.com.