| Toronto, Ontario, Canada. - August 14th 2009 - | | | | "Adrian and I have a shared vision that logistics will |
| DART Supply Chain Solutions, Inc. today | | | | play an integral part of building back the auto sector |
| completed the acquisition of iWheels Dedicated | | | | both in Canada and USA and we want to |
| Logistics. Financials terms of the deal are not being | | | | ensure that we are at the forefront." |
| disclosed. | | | | Dart Supply Chain Solutions |
| "Here was a quality asset that was effectively | | | | DART is a leading third party logistics (3PL) and |
| broadsided by the collapse of the auto | | | | fulfillment provider with over 2,000,000 sq. ft. of |
| industry. Can you take the best-in-class, people, | | | | capacity, delivering flexible and scalable outsourcing |
| processes and underlying infrastructure and apply it | | | | solutions. Through innovative technology solutions as |
| to a different industry vertical"? asked Robert Kheir, | | | | their core competency, they optimize the information |
| lead advisor on this transaction. "if you could, | | | | technology needed to keep shippers on top of their |
| you can sell it because everyone was throwing out | | | | supply chain needs.iWheels Dedicated Logistics |
| the baby with the bath water when it came to | | | | As one of Canada's 50 best managed companies |
| automotive". | | | | iWheels Dedicated Logistics Is a leading dedicated |
| "You have to be opportunistic in today's environment | | | | carrier to GM and Ford in Canada and the northern |
| - that's what separates the leaders from the | | | | US states. The company is a critical component |
| laggards. The economy will turn, it always does and | | | | of the just-in-time delivery system of GM and |
| when it does we want to be positioned so that we | | | | Ford utilizing owner operators and satellite tracking. |
| are taking market share." said Adrian Donnelly, CEO | | | | Osprey Capital Partners |
| of DART Supply Chain Solutions Inc. "This acquisition | | | | Osprey is one of Canada's leading independent, |
| gives us a platform to be number one in automotive | | | | mid-market investment banks with 16 partners and 3 |
| supply chain virtually overnight and grow other | | | | offices across the country. With over a billion dollars |
| avenues of our business at a faster clip" | | | | worth of successful transactions since inception, it |
| "We will always have some form of automotive | | | | has built extensive industry specialization in areas |
| manufacturing In North America - we are all | | | | related to Transportation and Logistics and |
| shareholders now, so it's in our best interest." said, | | | | Manufacturing as well as many other industries. |
| Jim Davidson, President of iWheels Dedicated. | | | | |