EAST RUTHERFORD, NJ, February 4th, 2003, Management Dynamics, Inc., a leader in tariff and contract management solutions for the ocean transportation industry, today announced that Barthco International (www.barthco.com), a leading provider of worldwide customs brokerage, international freight forwarding services, and logistics services, has licensed Rate Explorer to improve its margins and productivity through automated rate and contract management.

Paul Muller, executive vice president of Barthco Logistics, Inc., said, "As a growing provider of logistics services, we reached the conclusion that it was becoming very unproductive -- almost impossible -- to manage high-volume transactions with text-based service contracts. We thoroughly examined all of the solutions currently available and only Rate Explorer from Management Dynamics can accurately handle the complexity of today's contracts." He continued, "Rate Explorer enables us to gain control of our carrier contract management process, eliminate buy-side errors, improve back-office productivity, and significantly enhance our productivity in building customer quotations."

With Rate Explorer, Barthco is now able to:

• Eliminate the hassle of distributing and working with text-based contracts
  
  
• Calculate complete bottom-line transaction costs quickly and accurately
  
  
• Improve carrier selection by rating and comparing alternatives prior to quoting and booking
  
  
• Have immediate access to amendments, bullet rates and rule changes buried in the ocean carrier's tariffs
  
  
• Eliminate overcharges by quickly identifying discrepancies and streamlining the resolution process
  
  
• Offer faster, more accurate quotes to improve customer satisfaction
  

John Preuninger, president and chief operating officer of Management Dynamics, said, "We have conducted numerous empirical studies pertaining to rate management issues affecting NVOCC's. The evidence is clear: NVOCC's who continue to maintain their buy-side contracts in a text-based format and manage their sell-side rates with spreadsheets can experience significant double-digit error rates." He continued, "As a rapidly expanding NVOCC, Barthco faces a daunting challenge to accurately calculate transaction costs with their ocean contracts, given the sheer volume of commodities and rates, which are constantly amended to reflect changes in the market and the specific needs of their customers. With Rate Explorer, Barthco can now optimize the buy-side with their sell-side to improve both productivity and margins."

Rate Explorer is a function-rich, web-based solution hosted by Management Dynamics that enables ocean carriers, global shippers, and transportation intermediaries to manage rates and service contracts in a calculable format. Users connect to Rate Explorer via the Internet and can start using the service after a short, three-week implementation. Rate Explorer provides customers with superior rating productivity, accuracy, and business intelligence. The complete solution allows customers to eliminate rating errors and improve productivity by calculating freight charges, maintaining contract and rate history, centralizing contract administration, generating quotes and custom reports, and auto-rating bookings, shipping instructions, and bills-of-lading.

About Barthco International, Inc. 
Barthco International, Inc. is a nationally ranked provider of worldwide customs brokerage and international freight forwarding services. Barthco Logistics, Inc. is a transportation service provider. Barthco provides an unparalleled combination of personalized customer service and expertise, on a global scale. For more information, visit www.barthco.com.

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