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AutoAlliance International, Inc. Joins list of Vastera Managed Services Clients.


Business Editors/Hi-Tech Writers

DULLES, Va.--(BUSINESS WIRE)--March 13, 2000

Vastera, (Nasdaq: VAST), the leading provider of solutions for Global Trade Management, today announced that AutoAlliance International, Inc. (AAI AAI - Abbreviations, Acronyms and Initialisms
AAI - Accredited Adviser in Insurance
AAI - Acute Alcohol Intoxication
AAI - Administrative Authority Identifier
AAI - AFAQ-AFNOR International
AAI - African-American Institute (formerly Institute of African American Relations, Washington DC)
AAI - Agents Available Interval (Sprint)
AAI - Agribusiness Association of Iowa
AAI - Air-to-Air Intercept
AAI - Air-to-Air Interface
AAI - Air-to-Air Interrogator
), the Michigan-based manufacturer of Mazda and Mercury automobiles, has signed an agreement to have Vastera manage its global trade operations.

AAI, headquartered in Flat Rock, Michigan, was founded in 1984 as the U.S. based manufacturer of Mazda automobiles. The company employs nearly 2,000 persons and manufactures Mazda 626 and Mercury Cougar automobiles. It imports parts from over 12 countries around the world for assembly in its just-in-time facility and controls over 1,400 distinct foreign parts in its foreign-trade zone operation.

Quality, speed and efficiency are critical to the success of AAI. By leveraging Vastera's managed services staff and TradeSphere software solutions, AAI expects to further reduce costs and improve efficiencies.

Under the terms of the agreement, Vastera will assume management of AAI's import and foreign-trade zone operations including classification, valuation, duty minimization, documentation, electronic entry filing, import liquidation, and preferential trade program management.

"We're a lean manufacturer that relies on innovation to stay profitable," said Gail Sherard, General Manager of Corporate and Strategic Planning at AAI. "Our highly automated facility represents that commitment and our relationship with Vastera will help to further reduce costs of our global trade operations."

"When a just-in-time manufacturer asks you to manage a critical component of their supply chain, you know you're doing something right," said Mark Ferrer, COO of Vastera. "We not only believe we can reduce AutoAlliance's cycle times, but we think we can save them more money in the process by better leveraging preferential duty programs."

About Vastera

Vastera is the leading provider of solutions for global trade management. Its solutions including modular, web-native applications, trade management consulting and managed services, are designed to streamline the trade functions of global business.

The foundation of these solutions is Global eContent, a comprehensive, rules-based application of country-specific trade and regulatory data, which is maintained and updated daily.

Vastera's solutions drive quick, tangible benefits for its clients by accelerating the flow of goods through the global supply chain, and reducing the associated labor costs, third party logistics fees, inventory carrying costs, and duties.

Vastera clients include: Ford, Alcatel, Dell, Microsoft, Sun, New Zealand Dairy Board, Lucent Technologies and Nortel Networks. For more information, please visit www.vastera.com.

This press release includes statements which 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 successfully implement Vastera's expansion plans, risks related to the Internet, risks related to legal uncertainty and other risks which are set forth in more detail in Vastera's Registration Statement on Form S-1, as amended, as well as other reports and documents filed from time to time with the Securities and Exchange Commission.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Mar 13, 2001
Words:548
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