Vastera Expands Trade Consulting Business to European Union; Scott Lan

    Business Editors

    DULLES, Va.--(BUSINESS WIRE)--Jan. 26, 2005--Vastera, Inc. (Nasdaq:VAST), the worldwide leading provider of solutions for Global Trade Management (GTM), today announced that it is expanding its Trade Management Consulting practice to the European Union (EU). Scott Lander and David Merritt have been appointed Practice Leaders for the European Trade Management Consulting organization. The creation of Vastera's new EU consulting services complements the software and outsourced trade management solutions already offered by Vastera in Europe.
    As Practice Leaders, Mr. Lander and Mr. Merritt manage consulting teams of Vastera's trade experts that will help EU businesses optimize their cross-border trade operations. Available for both strategic and tactical engagements, Vastera's consultants use a proven methodology to assess a company's trade operations, identify areas for improvement, recommend solutions, and assist in bringing opportunities to fruition. Among the Trade Management Consulting services being offered in the EU are import/export compliance program assessments, process design and implementation consulting, and consulting in areas such as global supply chain management and trade lane redesign.
    "Creating an EU consulting practice is a natural progression of the development of Vastera's global business and a service our existing EU clients have requested," said Tim Davenport, President and CEO, Vastera. "Scott Lander and David Merritt bring a depth of knowledge and experience to European businesses seeking to speed product delivery, minimize duty and shipping costs, or ensure compliance with international trade laws."
    Scott Lander joined Vastera Europe at its inception in 1999 and has over 20 of years experience in international trade. His expertise in the global trade arena includes supply chain operations, customs compliance, strategic planning, manufacturing and international logistics. He began his career with HM Customs and Excise in the UK. Prior to joining Vastera, Mr. Lander was a senior consultant with PricewaterhouseCoopers in its World Trade Group.
    David Merritt joined Vastera Europe in 2001. He has over 35 years of hands-on experience in the compliance and logistics sectors of international trade. During his career, Mr. Merritt has provided reviews and advice to major US and foreign companies on logistics, import and export control policies, regulations, and licensing procedures. He has a detailed knowledge and understanding of EU import and export control regimes, laws, regulations, and prohibitions affecting international trade.
    Vastera will leverage its strong in-country presence as it pursues new consulting opportunities in Europe. Within Europe, Vastera currently provides trade management operational solutions and software to companies such as Dell, Ford Motor Company, Logica, Lucent Technologies, Nestle, Nortel Networks, Schenectady International and Seagate Technology.
    Vastera's global team of trade consultants has extensive, hands-on expertise in all aspects of international trade management, including import and export operations and compliance, international transportation, logistics and distribution, trade finance, pricing, international marketing, training and manufacturing. The team consists of international trade attorneys, licensed customs brokers, in-country data experts, former government compliance officers, industry consultants, and former managers of import and export functions.

    About Vastera

    Vastera is the worldwide leader in providing solutions for Global Trade Management (GTM). Utilizing Vastera's GTM solutions, clients realize significant reductions in costs to manage their global trade operations while improving compliance with government regulations and service levels to end customers. Vastera's GTM solutions include: TradeSphere (software), Trade Management Consulting (business process consulting), and Managed Services (business process outsourcing). As the only publicly traded company focused exclusively on global trade, Vastera is headquartered in Dulles, Virginia and has more than 650 professionals, in 14 countries. With over 400 clients throughout the world, many of the world's largest corporations utilize their GTM solutions. For more information, please visit www.vastera.com.

    This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not strictly historical are "forward looking" statements, which are subject to the many risks and uncertainties that exist in Vastera's operations and business environment. These risks and uncertainties may cause actual results to differ materially from the expected results and include, but are not limited to, Vastera's limited operating history, history of losses and anticipation of continued losses, potential volatility of quarterly operating results, the ability to implement Vastera's expansion plans successfully, risks related to the Internet, risks related to legal uncertainty and other risks which are set forth in more detail in Vastera's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as may be amended from time to time, as well as other reports and documents filed from time to time with the Securities and Exchange Commission.

--30--JS/ph*

CONTACT: Vastera, Inc., Dulles John Murray, 703-661-9006 john.murray@vastera.com

KEYWORD: VIRGINIA DISTRICT OF COLUMBIA INDUSTRY KEYWORD: SOFTWARE PRODUCT MANAGEMENT CHANGES SOURCE: Vastera, Inc.

Copyright Business Wire 2005