Nemak Selects Vastera's Managed Services in Canada Nemak Outsources Canadian Trade Operations to Vastera

    DULLES, Va.--June 2, 2003--Vastera, Inc. , the leading provider of solutions for Global Trade Management (GTM), today announced that Nemak, the largest aluminum automotive-component manufacturer in the world, has selected Vastera to manage the importing and exporting of goods and components from plants in Ontario, Canada.
    Nemak launched its Canadian operations in late 2000 with two state-of-the-art aluminum foundries located in Windsor, Ontario. These plants produce aluminum cylinder heads and engine blocks for export to the North American market. Vastera will provide Managed Services for Nemak's Canadian facilities, including classification, broker management, compliance with trade regulations, and management of duties.
    Nemak's entire business model depends on its ability to move its products quickly and efficiently to its customers and partners throughout North America. Vastera's Managed Service offering ensures that Nemak meets and exceeds all of its delivery commitments. Vastera's expertise in the auto industry and its hands-on knowledge of Canadian Customs policies and procedures made Vastera an easy choice when Nemak looked to outsource its trade processes.
    "Vastera continues to bring on new clients who desire to utilize our leading technology and the unparalleled knowledge our trade experts bring to the table. Through Managed Services, we offer clients the combination of process, technology and knowledge of the trade landscape that is vital in simplifying cross-border movements," said Mark Palomba, Sr. Vice President, Global Operations for Vastera Inc. "We are pleased to add Nemak to the expanding list of clients who have chosen Vastera to manage their trade operations."

    About Nemak

    Nemak, is a global company committed to satisfying the requirements of the automotive industry by manufacturing high-tech aluminum components. We continuously aim to keep our leadership position by improving our competitive advantage in the key industry drivers: Quality, Cost, New Product Development, Technology, Service, and Global Presence.

    About Vastera

    Vastera is the worldwide leader in providing solutions for Global Trade Management (GTM). Vastera clients realize significant reductions in costs to manage their global trade operations while improving compliance with government regulations and service levels to end customers.
    Vastera's GTM solutions include: TradeSphere (software), Trade Management Consulting (business process consulting), and Managed Services (business process outsourcing). TradeSphere interprets country-specific information requirements while providing visibility of in-transit inventory. By utilizing TradeSphere, companies can provide governments with accurate information prior to their goods arriving at borders, helping goods move effectively and efficiently across borders without interruption. By combining TradeSphere with Vastera's Trade Management Consulting, companies can standardize and automate business processes; more effectively manage supplier and partner relationships, while reducing costs and cycle times and increasing cash flow. Through Vastera's Managed Services offering, clients gain the benefit of world-class trade expertise, an integrated global software platform and process knowledge. These companies achieve guaranteed hard dollar cost savings, take full advantage of preferential trade programs and improve international service levels without having to internally deploy software or hire trade experts throughout the world.
    As the only publicly traded company focused exclusively on global trade, Vastera has nearly 600 professionals, in 13 countries, with over 400 clients utilizing their GTM solutions. For more information, please visit www.vastera.com.
    This press release includes statements that 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 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as may be amended from time to time, as well as other reports and documents filed from time to time with the Securities and Exchange Commission.