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CEVA Logistics Honored by Monster Cable With Supplier Achievement Award

HOUSTON, Aug. 19 /PRNewswire/ -- CEVA Logistics, one of the leading supply chain companies in the world, was awarded the Supplier Achievement Award for achieving outstanding service performance during 2007-2008 by Monster Cable, the world's leading manufacturer of high performance audio/video cables and accessories of high end home theater and audio.

The award was presented by Raul Corella, Vice President of Supply Chain and Janet Trites, Purchasing Manager at the Annual Monster Cable Supplier Summit. "We rely on our suppliers to create solutions that deliver greater speed to market. CEVA accomplished that goal by providing impeccable delivery and customer service," said Trites.

During the 2007-2008 season, Monster utilized many of CEVA's services in multiple geographies, including international air and ocean services, domestic air and ground services, customs brokerage, compliance consulting, transborder service, local pick-up and delivery and warehousing.

"This award is a reflection of our goal to make business flow for our customers, and a result of strong global teamwork and a mutually respectful partnership. We are truly honored by this recognition by Monster Cable and we look forward to a long and successful relationship," said Joe Bento, CEVA President, Americas and Global Freight Management.

CEVA. Making Business Flow

CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight forwarding to large and medium-sized national and multinational companies. CEVA employs 54,000 people and runs an extensive global network with facilities in over 100 countries. Following the merger with EGL in August 2007, the new combined company had pro forma sales of euro 6.3 billion. For more information, please visit http://www.cevalogistics.com

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT of 1995:

The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the process of combining EGL and CEVA, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic climate inAsia and the US, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of integrating recently acquired businesses and future business combination or dispositions and other factors detailed in risk factors and elsewhere in CEVA and EGL's most recent Annual Reports, including but not restricted to the EGL Annual Report on Form 10-K. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize (or the consequences of such a development worsen), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. EGL and CEVA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

SOURCE CEVA Logistics

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