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Vastera's George Weise and Larry Christensen Lead Seminars in Global Trade; Teleconference Series Educates Global Businesses on Key Trade Issues.

Business Editors/Hi-Tech Writers

DULLES, Va.--(BUSINESS WIRE)--Sept. 25, 2001

Vastera, Inc. (Nasdaq:VAST), the leading provider of solutions for Global Trade Management, is currently offering a series of teleconference seminars that focus on Customs and global trade issues vital to companies doing international business.

On Thursday, September 20, Vastera hosted a teleconference, featuring George Weise, former Commissioner of the U.S. Customs Service and Larry Christensen, former Director of the Regulatory Policy Division of the Bureau of Export Administration (BXA), on what changes might be forthcoming at Customs and BXA and how businesses can prepare for these potential changes.

"The terrorist attacks on Tuesday, September 11 have put U.S. Customs on what they call 'Alert Level 1', or 'Code Red', causing possible delays of shipments into the United States," said Arjun Rishi, CEO at Vastera. "In addition, the policies surrounding cross-border shipments will continue to change, creating bottlenecks for companies that are not in full compliance. Vastera is trying to help businesses by offering the trade expertise of its staff, including that of George Weise and Larry Christensen."

Over 250 members of the business, media and analyst community attended the conference call. A transcript of this discussion can be found at: http://www.vastera.com/solutions/back_to_business.htm.

"The attack last week has heightened executive awareness of trade compliance issues", said Robin Roberts of Stephens Inc. "To expedite the customs entry process and to ensure compliance, we believe that businesses will increasingly leverage technology to improve the efficiency and accuracy of their international trade compliance process."

"New Developments in U.S. Export Controls and Trade Sanctions", (October 16, 1:00-3:00 Eastern Time), is an example of one of the Company's upcoming seminars. Vastera is also closely monitoring the new rules and proposals under consideration by the U.S. Government in response to the terrorist attacks. Vastera plans to develop seminars to discuss these unfolding changes as they occur.

The date and time for these seminars will be posted on Vastera's website.

These seminars are relevant to logistics professionals, interested media, and corporate executives involved in the continually changing world of international trade. Details for registration, and transcripts of past teleconferences, can be found at: www.vastera.com/solutions. Interested press can receive complimentary access to these seminars by contacting Alison Burns at 703/287-7814.

About Vastera

Vastera is the leading provider of solutions for Global Trade Management. Its solutions including software, trade management consulting and managed services, are designed to streamline global business. The foundation of these solutions is Global eContent, a comprehensive, rules-based application of country-specific trade and regulatory content, which is 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 operational costs. Vastera clients include: Nissho Iwai, Mitsui, New Zealand Dairy Board, Matsushita Avionics 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.
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Publication:Business Wire
Date:Sep 25, 2001
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