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Sky-Trax Announces New and Re-Elected Members of the Board of Directors

Friday, March 20, 2009

NEW CASTLE, DE — Sky-Trax, Inc. is pleased to announce the new and re-elected members for its 2009 board of directors.

New members elected to the Sky-Trax 2009 Board of Directors include:

William L. Conley, Jr. is elected Chairman of the Board. Currently serving as Chief Executive Officer of The Bondurant Group, LLC; Bill is one of the country’s leading experts in global logistics and supply chain management. Prior to Bondurant, Bill was president of ATC Logistics & Electronics (ATCLE), where he was responsible for the overall leadership and management of the $380 Million supply chain services company. Bill’s earlier career involved a number of leadership positions with Federal Express, including Vice President – General Manager of FedEx Supply Chain Services for Europe, the Middle East and Africa, and Managing Director of FedEx AirFreight Systems. He held the position of National Manager, Sales and Services for Allied Airfreight, a division of Allied Van Lines, and served in the United States Air Force.

Lawrence B. Costello is the Founder and Managing Director of The Lawrence Bradford Group. Larry is a nationally recognized expert in human relations and currently consults on a variety of issues and topics to provide human capital solutions to private and public companies globally. Prior to founding LBG, he was Senior Vice President, Human Resources for American Standard Companies and Trane. Larry served as HR Vice President for Campbell Soup Company and for PepsiCo, where he held vice president positions for PepsiCo Foods International, North American Van Lines and Frito Lay.

Robert S. Levin is the founder and President of Republic Partners, Inc. Rob is a leading advisor in corporate finance and mergers & acquisitions for the logistics Industry. Prior to founding Republic Partners, he worked with Bankers Trust (now Deutsche Bank) as a generalist in corporate finance and mergers & acquisitions, and later became a founding principal of Thoma Cressey Equity Partners, a Chicago-based private equity firm. At Republic Partners, he has played a principle role in a wide variety of transactions for clients including GENCO Supply Chain Solutions, Kenco Group (Sumitomo Corporation of America), May Logistics Services, Lanter Logistics, MegaSys, and Savannah International Terminal.

Re-elected 2009 Board of Director members include:

James K. Adams, II, currently serves as vice chairman of GENCO Supply Chain Solutions, a leading third-party supply chain management company. Jim is an expert in supply chain operations and is one of the founders of Cumberland Distribution Services. A native of Harrisburg, PA, Jim has spent his entire career in the transportation and warehousing business. His extensive experience ranges from small private, to large publicly held international companies. Jim’s family was instrumental in developing Central Pennsylvania into a leading logistics/warehousing region starting in the 1950s.


Larry G. Mahan is President, COO and a co-founder of Sky-Trax Inc., the developer of inch-accurate indoor tracking technology for mobile assets. Before co-founding Sky-Trax, Larry had over 20 years experience in research and development, product development and technology management with AT&T Bell Labs, DuPont, and two previous start-up companies. Early in his career, Larry established the first machine vision and robotic guidance laboratory for DuPont; he was the leader of the Materials Handling Automation Center of Excellence, served on the DuPont Corporate Software Standards committee, and led technical work on numerous product development and automation integration projects. Larry holds several of patents in automation technology.

“We are very pleased with the team we have assembled,” remarked Mahan. “All of our board members bring an extensive amount of experience and expertise in business growth strategies and the logistics industry. We believe with the leadership of these high caliber and extraordinary individuals, Sky-Trax will grow and prosper, even in challenging economic times.”

About Sky-Trax, Inc.
Sky-Trax is the inventor and commercial provider of Optical Real-Time Location Systems for tracking goods, vehicles and guiding autonomous vehicles in any size facility. Sky-Trax revolutionary inch-accurate location tracking and automatic data collection systems are designed for indoor industrial vehicles; primarily in warehouses. Applications employing Sky-Trax Optical RTLS are economical and practical to deploy, allowing warehouse professionals to substantially increase safety and improve warehouse efficiency. The results are fewer safety incidents, much lower operating costs, improved inventory accuracy, and greater throughput. For more information, please visit www.Sky-Trax.com.

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