Systems Go Live at Intershipping Terminal Services in Venezuela; Tideworks Continues to Build Momentum in Latin America.

SEATTLE -- Tideworks Technology(R) Inc, a leading provider of full-service terminal management and planning software solutions for terminal operators, today announced the successful deployment of its terminal operations management systems at Intershipping Terminal Services, C.A. (ITS) in Puerto Cabello, Venezuela. Tideworks' regional office in Colon, Panama, managed the complete project implementation from requirements identification to software installation and training, and provides ongoing support.

"Our new systems are enabling us to increase operating efficiencies and productivity even as our container volume grows, while simultaneously providing enhanced security for our customers' cargo," said Esteban Szalay, managing director of the Intershipping Group. "From contract signing to systems go live, the entire Tideworks team has been an outstanding partner for ITS."

ITS is using Tideworks' best-of-breed Mainsail Terminal Management System(R), Spinnaker Planning Management System(R), and Forecast(TM), a community Web portal.

At approximately 3.5 hectares in size, the ITS terminal handled close to 100,000 TEUs in 2005. Tideworks' advanced terminal management systems are designed to help dense terminals such as ITS reach maximum container throughput and maintain a competitive advantage. "The system is helping us to anticipate the operation, eliminate unnecessary rehandles, increase our performance at gates, and reduce our overall operating costs," said Szalay.

"We're very pleased with the results at ITS," said Michael Schwank, president, Tideworks Technology. "Collaboration between ITS and our regional office in Panama has been a great model for how we work at the local level, and we look forward to continuing our momentum in Latin America."

Local, State-of-the-Art Training

As part of the deployment, Tideworks trained ITS employees at Tideworks' Training Center of the Americas (TCOTA) facility in Colon, Panama. Key system users gained hands-on training in both a classroom and operational setting where they learned to run the new systems and procedures, as well as experience various operations scenarios.

In the Caribbean region, Tideworks is currently the only company of its kind that provides customers with a state-of-the-art training facility like TCOTA.

About Tideworks Technology

Tideworks is the leading provider of cost-effective, reliable software solutions for growing terminal operations and shipping lines worldwide. The company helps more than 6,000 users at over 50 terminals serving virtually every major steamship line run their operations more efficiently and profitably. From optimized equipment utilization to faster turn times, Tideworks works at every step of terminal operations to maximize productivity and customer service. For more information about Tideworks Technology, visit www.tideworks.com.

About Intershipping C.A.

Intershipping Terminal Services, C.A. (ITS) is a sister company of the Intershipping Group Company, which is a family owned shipping and maritime organization established in 1979 by Captain Istvan Szalay. With its headquarters in the industrial city of Valencia, Venezuela, the company operates in the northern ports of La Guaira, Puerto Cabello, and Guanta, and it provides a full range of shipping and logistics services throughout Venezuela. ITS strives to provide unequaled service with responsibility, confidence, and most importantly security to its customers. Intershipping is the only Venezuela shipping group with world BASC re-certification, and it is a signatory member of the C-TPAT program. For more information about Intershipping C.A., email [e-mail] or call [phone].