Visteon Corporation Extends and Expands Managed Services Agreement with Vastera

    DULLES, Va.--July 16, 2001--Vastera, Inc. , the leading provider of solutions for Global Trade Management, today announced that Visteon Corporation , a leading supplier of integrated automotive components and systems, has extended its managed services agreement with Vastera through 2004.
    Visteon has also expanded the scope of its original agreement with Vastera to include management of the global trade functions associated with its aftermarket business and broker relationships. Additionally, Vastera will have responsibility for accurately determining country of origin for parts as required by the American Automobile Labeling Act (AALA).
    The expanded responsibilities and extended service agreement have resulted from Vastera's solid performance during the course of its original work with Visteon.
    By efficiently managing country specific trade regulations, generating complex international shipping documents, classifying new products and managing the preferential duty programs for the automotive systems giant, Vastera has helped Visteon improve its international cycle times and reduce its global logistics and duty costs.
    "Since taking over Visteon's global trade operations six months ago, we've helped drive global trade efficiencies across Visteon's North American operations," said Mark Ferrer, President and COO of Vastera. "I'm very proud of the work we've done at Visteon, and I look forward to continuing our long term relationship."

    About Visteon

    Visteon Corporation is a leading full-service supplier that delivers consumer-driven technology solutions to automotive manufacturers worldwide and through multiple channels within the global automotive aftermarket. Visteon has 82,000 employees and a global delivery system of more than 130 technical, manufacturing, sales, and service facilities located in 25 countries.

    About Vastera

    Vastera is the leading provider of solutions for global trade management. Its solutions including modular, web-native applications, trade management consulting and managed services, are designed to streamline the trade functions of global business.
    The foundation of these solutions is Global eContent, a comprehensive, rules-based application of country-specific trade and regulatory data, which is maintained and 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 labor costs, third party logistics fees, inventory carrying costs, and duties.
    Vastera clients include: Ford, Alcatel, Dell, Microsoft, Sun Microsystems, New Zealand Dairy Board 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.