Goodyear Brazil Selects Vastera's TradeSphere Solution to Drive Global Trade Efficiencies

    DULLES, Va.--Nov. 13, 2002--Vastera, Inc. , the leading provider of solutions for Global Trade Management (GTM), today announced that Goodyear Brazil, a leading provider of tires and rubber industrial products, has selected Vastera's TradeSphere software solution to streamline its global trade operations.
    "Vastera's TradeSphere solution will provide us with greater visibility and control over our trade operations in Brazil," said Danilo Gazzi Jr., Import Manager at Goodyear Brazil. "Because TradeSphere is a single, integrated export and import solution, it will allow us to identify duty drawback opportunities more quickly, ultimately enabling us to take advantage of tax suspension benefits sooner. In addition to the savings associated with duty drawback, we expect significant operational efficiency improvements from TradeSphere, resulting from automation and improved business processes."
    Goodyear Brazil has selected Vastera's TradeSphere software solution to perform the functions required to move goods into and out of Brazil more quickly. Specifically, Goodyear Brazil plans to leverage TradeSphere to facilitate duty drawback, generate international shipping documents, perform regulatory compliance checks and manage the license determination and facilitation processes.
    By performing these functions more quickly and accurately, Goodyear Brazil expects to have fewer delays and lower operational costs associated with its international business operations.
    "Our ability to drive financial returns quickly for companies through better duty management is generating significant interest among leading companies like Goodyear," said Mark Palomba, Senior Vice President, Global Operations at Vastera. "Whether through more effective use of duty drawback or participation in preferential trade programs, we can help companies fully realize the hard dollar savings they are leaving on the table today."

    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: Ford, Visteon, Toshiba, Alcatel, Fonterra and Nortel Networks. For more information, please visit www.vastera.com.

    About Goodyear Brazil

    Headquartered in Sao Paulo, BR, Goodyear Brazil comprises five plants in Brazil that manufacture and market rubber products. Goodyear Brazil manages product planning, marketing, sales, service support, engineering support and distribution of products throughout Latin America.

    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.