Power2Ship Generates Revenue Producing Customers from Trade Conferences

BOCA RATON, Fla.--Dec. 5, 2003--Power2Ship, Inc. (OTCBB:PWRI) announced that after attending the 2003 NITL TransComp show and signing up over 15 companies and receiving genuine interest from over 50 other companies, Power2Ship will be meeting with key Shippers, Carriers and Logistics Professionals at the following industry events taking place over the next 6 months:

  --  Supply Chain and Logistics Summit in Scottsdale, AZ: 
      December 8 - 10, 2003
      http://www.scmna.worldtradeco.com

  --  Wireless and Mobile Technology for Trucking and Delivery Fleets 
      in Atlanta, GA: January 27 - 28, 2004
      http://www.eyefortransport.com/wireless

  --  Truckload Carriers Association 2004 Annual Convention in
      Waikoloa, Hawaii: March 14 - 17, 2004
      http://www.truckload.org

  --  Mid-America Trucking Show - Louisville, KY: 
      March 25 - 27, 2004
      http://www.truckingshow.com

  --  North American Trucking Show - Baltimore, MD: 
      April 29 - May 1, 2004
      http://www.truckingexpo.com

The events in which Power2Ship has chosen to participate are recognized as some of the most heavily attended shows in the supply chain and logistics industry. Michael Darden, President of Power2Ship, commented, "Based on the success Power2Ship experienced at the November 2003 NITL TransComp show held in Ft. Lauderdale, Florida, we are confident that we will achieve continued customer growth through these world class events. Power2Ship is anxious to display our enhanced capabilities to clients and prospects attending these industry-wide conferences and exhibitions."

About Power2Ship, Inc.

Power2Ship ("P2S") is an Application Service Provider (ASP) that delivers supply chain and logistics information to carriers, shippers and their customers, to help enhance their supply chain effectiveness. The Company has been providing track and trace services for P2S Member-Shippers since April 2003. P2S Member-Carriers are given free unlimited use of the P2S Asset Management Tool. The P2S vehicle tracking system provides the location, destination and availability of transportation assets through the P2S MobileMarket(TM). Currently, approximately 350 carriers operating an estimated 10,000 tractor trailers have become P2S Member-Carriers. Visit the Company's website at http://www.power2ship.com for further information.