News Releases

DISTRIBUTION TECHNOLOGIES DIVESTS DEDICATED TRANSPORT
Carrier Now Operating as a Separate, Independently Owned Company

Newbury, Ohio -- December 15, 2004 -- Distribution Technologies Inc. (DistTech), an established industry leader in dedicated and common carriage and logistics services for liquid bulk commodities, has announced the divestiture of Cleveland-based Dedicated Transport. Following a management-led buyout of the company from DistTech, Dedicated Transport LLC will now operate as a separate, independent company that will continue to focus on providing dedicated contract carriage and logistics services to manufacturers, distributors and retailers. The transition is effective immediately.

"Originally founded as Manfredi Motor Transit in the 1930s, DistTech has its roots in providing quality liquid bulk transportation to the chemical and food industries," explained Richard Manfredi, CEO of DistTech. "By divesting Dedicated Transport, we believe we can increase our concentration on these core competencies and create even more value for our customers and employees as well as achieve meaningful growth."