Carttronics Names Salyer President, CEO.

Business Editors

SAN DIEGO--(BUSINESS WIRE)--Dec. 7, 2000

Carttronics L.L.C., a leader in shopping cart loss prevention solutions, announced today that Chief Operating Officer Arthur W. Salyer has been promoted to President and Chief Executive Officer. He succeeds John French, founder of Carttronics, who has been named Chairman of the Board of Directors.

"Carttronics has proven its CAPS technology and become a leader in the industry," said French. "Art Salyer understands both the needs of our retailer customers and the potential for the technology. His operations experience is ideal to handle our rapid growth and take the Company to the next level."

Salyer said he is looking forward to continuing facing the challenge of helping the retail industry solve the $800 million per year shopping cart loss problem.

"Our systems are clearly beneficial to retailers trying to address the issue of shopping cart loss and damage. We have successfully launched the business and proven the concept, and now are gaining wider market acceptance," Salyer said. "With the support of our board we plan to capture the leading market share in grocery and other major retail merchandisers. I look forward to John French's continued and active role of strategic leadership, sales management support and personal counsel as Chairman of the Board."

Salyer joined Carttronics in April 2000 having earned a solid reputation of developing and implementing world class operations, supply chain and sourcing, and business development strategies across several industries. Prior to joining Carttronics, he was Vice President, Supply Chain Management at IdeaMall, an $800 million retailer of computers, servers, consumer electronics, accessories and software. At IdeaMall, Salyer had complete supply chain responsibility for the entire corporation: product sourcing, virtual and in-house warehousing/distribution. He also spent 10 years at Avery Dennison, a $3.3 billion manufacturer of consumer office/ computer supplies, pressure sensitive materials, where his last position was Group Director, Global Sourcing and Technology. In this role he had responsibility for driving operations and business development projects on a world wide basis. Salyer has had previous leadership roles at the Frito-Lay Division of Pepsico and the Chinet Division of Van Leer.

Based in San Diego, Carttronics, L.L.C. is the manufacturer of CAPS(R) (Cart Anti-theft Protection System), a proprietary electronic system to stop the removal of shopping carts from retail sites. Carttronics was founded in April 1997 to bring the product to the market, and began commercial sales in July 1998. Carttronics lists as customers many of the premier retail chains in North America, including Safeway, Kroger and Albertson's, and has initiated international sales in Canada, the U.K., The Netherlands, France and Germany. Additional information can be found at www.carttronics.com.