Press and Analyst contacts: For Immediate Release

Joseph Ciolino
AmeriQuest® Transportation and Logistics Resources Corp.
856.773.0600
jciolino@ameriquestcorp.com

Ron Margulis
RAM Communications
908.232.3230
ramcommunications@home.com

Biggest Change in Business Since Franchising Wins Patent No. US 6,351,738 For AmeriQuest

System gives firms ability to compete with large national companies by amalgamating purchasing and coordinating sales efforts through e-Commerce technology

Cherry Hill, NJ April 4, 2002: AmeriQuest® Transportation and Logistics Resources Corp. was awarded Patent No.: US 6,351,738 B1 for the company’s innovative business system that provides premium business support mechanisms for independent companies, tradespersons or professionals through a substantially liquid asset based, for-profit business entity.. The patent, entitled "Collective Business System", delivers to businesses participating in the model enhanced purchasing power, national marketing capabilities and other business leverage support to compete effectively with national companies in their industry.

AmeriQuest, a leading provider of services to the fleet management industry, filed for the patent in May 1999, and was awarded the patent in November. The company received the patent number earlier this month.

"We have developed a business system that delivers huge value to participants," explained Doug Clark, President & CEO, AmeriQuest, who is named as the inventor of the process. "This is a classic ‘no-lose’ situation for companies operating in diffused industries with just a few major players. The participants get better pricing, greater exposure and potentially the chance to benefit from a stock offering."

The Collective Business System has been in operation for three years in the independent truck leasing and rental industry, where it is actively processing orders for fleet equipment and saving companies like Hogan Motor Leasing, DeCarolis Truck Rental and Transervice Lease Corp. thousands of dollars. In addition to saving money and time, the AmeriQuest system offered the owners of these companies the opportunity to participate in the equity of the new firm, further adding to the value they receive.

Biggest Change in Business Since Franchising
Wins Patent No. US 6,351,738 For AmeriQuest

"The central elements of the Collective Business System include a sales force that is responsible for selling services nationwide, procurement amalgamation that enables the group to buy volume discounts greater than they can receive individually and technology that makes the process work accurately, seamlessly and without paper," said Joseph Ciolino. Executive Vice President, Corporate Development, AmeriQuest.

Clark added, "The key to the success of the AmeriQuest model is efficiency derived through well-conceived processes that automate the transaction flow. Most buying groups add administrative costs and people to manage the transaction flow, but we use e-Commerce systems that reduce costs and enhance productivity."

Attorneys reviewing the patent application called its patent protection "very robust and broad in scope". They describe the Collective Business System as the first new business model with far-reaching commercial applications since franchising. Unlike franchising, however, which must adhere to many strict laws and constraints, the system allows independent businesses to work collectively and retain their independence while avoiding the cumbersome administrative burdens associated with franchises.

"For the foreseeable future, the inherent limitations of traditional collective business systems like trade associations, cooperatives and franchises will render them considerably less effective than they once were in advancing the business interests of their constituents. AmeriQuest’s new business model overcomes those limitations and enables single market and regional firms to effectively compete with much larger national and global companies," confirmed John Letchford, the attorney with the Philadelphia-based law firm Klehr, Harrison, Harvey, Branzburg & Ellers, LLP who prepared the patent application.

"AmeriQuest is establishing a division to address the marketing and implementation of the business model in industries other than fleet transportation and food distribution. This division may become a new company within AmeriQuest," Clark said. "The potential for the revenue for AmeriQuest is in helping associations and buying groups create a Collective Business System for their particular industry."

About AmeriQuest® Transportation and Logistics Resources Corp.
AmeriQuest® Transportation and Logistics Resources Corp. is a privately held, national leader in transportation and logistics services for the fleet management industry. Operating from more than 450 locations and representing the direct purchasing power of over 230,000 trucks and 100 aggregated fleets, AmeriQuest arranges preferred pricing and fulfillment with leading suppliers, delivering substantial savings to the industry. AmeriQuest is also the exclusive provider of procurement and transportation related services for its strategic partners, such as Amtralease (American Truck Leasing Network, Inc.) and FoodFleetXchange (in partnership with Food Distributors International and National Grocers Association), through the knowledge and content portal FleetXchange.com, a wholly owned subsidiary. AmeriQuest Premier Partners include Citgo, Yale Lift Trucks, Bandag Tires, Allison Transmission, Sterling Truck Corp., Continental General Tires, Freightliner Trucks, Morgan Corp., Cummins, GMC and Imperial. Additional information is available at www.ameriquestcorp.com.