BearingPoint Completes Freight Optimization Project for OXEA Corporation.

Project Streamlines Freight Accrual Processes and Improves Cost Transparency in Freight Accounting

MCLEAN, Va. -- BearingPoint, Inc. (OTCBB:BGPTQ), one of the world's largest management and technology consulting firms, announced that it has completed a Freight Optimization Initiative for the global chemicals manufacturer OXEA.

Transportation management represents a significant cost for chemical companies. OXEA began a Freight Optimization Initiative to address challenges such as effort associated with manual freight processes, costs associated with incomplete shipment documentation and a lack of cost transparency in freight accounting.

BearingPoint worked with OXEA to streamline its freight accrual processes, digitize and integrate the bill-of-lading with rail carriers, and enable new functionalities that would allow OXEA to execute freight processes based on newly structured freight contracts.

BearingPoint helped OXEA realize cost savings through process improvements in transportation cost processing, accounts payable and freight accounting. The joint BearingPoint/OXEA team also worked to enhance fleet utilization by updating routes and route transit times. With the new processes in place, OXEA saw an immediate improvement in the number of shipments with accurate freight accruals and acceptance of freight bills by rail carriers.

"Our freight operations are critical to maintaining our competitive position, continuing our expansion into growth markets, and in extending and optimizing our value chain," said Bob Gengelbach, president OXEA North America. "BearingPoint helped us establish the foundation--cleaning up master data, reconfiguring freight accrual processes and identifying process improvements--in developing integrated, enterprise-wise transportation management processes. The Freight Optimization Initiative allowed us to streamline manual processes, and enabled greater flexibility and scalability in supply chain operations."

"For chemical companies like OXEA, effective transportation management is a critical success factor which is even more accentuated in the current economic environment," said Venky Jayaraman, a BearingPoint managing director. "We are pleased that we were able to play a critical role in OXEA's Freight Optimization Initiative so that it could leverage logistics resources to improve customer fulfillment and capitalize on new market opportunities."

About OXEA

OXEA is a global supplier of solvents, polyols and oxo derivatives such as carboxylic acids, esters and amines. These products are used for the production of high-quality coatings, lubricants, cosmetic and pharmaceutical products, flavorings and fragrances, printing inks and plastics. The company is an international market leader in the production of acetates, alcohols, amines, carboxylic acids and aldehydes. OXEA has annual sales worth about US$ 1.8 billion and employs approximately 1,300 people in Germany (Oberhausen and Marl) and the United States (Bay City and Bishop).

About BearingPoint, Inc.

BearingPoint, Inc. (OTCBB:BGPTQ) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 60 countries worldwide. Based in McLean, Va., the firm has approximately 15,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to "next-generation" technology. For more information, visit the Company's Web site at www.BearingPoint.com.

Some of the statements in this press release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.