February 11, 2008

Newgistics Acquires Cornerstone, Unveils First Postal-Based Solution for Forward and Returns Shipping

AUSTIN, TX—11 February 2008—Newgistics Inc., the only provider of a postal-based, intelligent logistics solution for forward and returns shipping, today announced the acquisition of Cornerstone Shipping Services, the leader in small package shipping solutions. The combination of Newgistics and Cornerstone now provides direct retailers and marketers with the industry’s first Intelligent Logistics Management (ILM) solution, a highly customized forward and reverse logistics offering. Key capabilities to Newgistics’ ILM solution include unparalleled visibility, individualized reporting for streamlined inventory management, and a unique Web-based technology for easily tracking the return and delivery process.

To meet growing consumer demand for a convenient shipping process, retailers are demanding an alternative to traditional, expensive parcel carriers that offer rigid, inflexible solutions. A recent survey commissioned by Newgistics and conducted by Harris Interactive found that an overwhelming majority (68 percent) of respondents said the ability to easily track and access details about their purchase is very important or important when deciding whether to shop with an online or catalog retailer.

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