Contex Enterprise Group, Inc. and Transportation Logistics, Int'l, Inc. Announce Share Exchange.

Business Editors

EAST ORANGE, NJ--(BUSINESS WIRE)--Nov. 16, 2000

Contex Enterprise Group, Inc. (OTC-BB:CTEX) and Transportation Logistics Int'l, Inc. ("TLI") announced that the shareholders of TLI have exchanged the capital stock of TLI for 87.2% of the capital stock of Contex. TLI is engaged in the business of international transportation logistics. The effect of the share exchange is to convert TLI into a publicly held corporation. The name of Contex will now be changed to "Transportation Logistics Int'l, Inc.", and the stock symbol to "TLOG". P. Transportation Logistics, with its world headquarters in East Orange, New Jersey was formed in March of 1999, and has grown dramatically during its year and a half of existence. A series of strategic acquisitions coupled with strong internal revenue increases fueled this surge.

Since its organization, TLI's operations (differentiated as "logistics" operations and "other" operations) have produced the following results:

                       Year Ended                Six Months Ended
                     December 31, 1999            June 30, 2000
                  Logistics        Other     Logistics        Other

Revenue          $ 2,513,536    $ 4,455,183 $ 4,406,005   $ 2,296,759

Operating Income $    (8,962)           398 $    58,431   $   (40,636)

Start-Up Costs       456,125              -     255,100             -
                 -----------    ----------- -----------   -----------
Net Income
 W/O Start-Up    $   447,163    $       398 $   313,521   $   (50,636)
                 -----------    ----------- -----------   -----------

More importantly and simultaneous with the U.S. revenue growth, TLI has developed an International Agency Network of logistics providers. This Network has been named TransLogistIcs and it gives all the partners a share in the running of the organization. Now fully functional in 80 countries, it will grow to an eventual total of over 140. Its website is [e-mail]. It is already considered to be the worlds largest independent network.

Nine full-time programmers on the TLI staff are devoted to designing and perfecting software systems which will be all available to clients at no extra cost. These programs assist them in such areas as Supply Chain Management (minimizing inventories to realize major cost savings), TLI tracking systems (via the Internet, 24/7/365), and Computerized Pricing to allow a customer to determine a guaranteed shipping/delivery cost within minutes.

In addition to the Network, TLI owns and operates its own facilities at seven locations in the United States, five in England, and three in other countries (Dubai, Bangladesh and Jordan). The Transportation Logistics business plan calls for a minimum of eight additional offices a year to be opened throughout the world, through either start-up or acquisition. The share exchange with Contex will give TLI a currency other than cash to facilitate this growth.

Not to be excluded from the important components necessary for the successful building of this TLI enterprise is management. As stated by Chairman and CEO Mike Margolies, "Ideas are only as good as the people selected to make them happen. TLI has been extremely fortunate, primarily through the efforts of our President Jim Thorpe, to put together a management team of proven successes in freight forwarding and logistics. Mike Mount, Jim Martin and Kevin Whitmore are dedicated, experienced professionals who will make TLI a major player in our industry, now considered to be one of the fastest growing business segments worldwide."

We welcome all inquiries via email ([e-mail]), telephone [phone], or Fax [phone].