Segmentz Completes $3.3 Million Private Placement

TAMPA, Fla.--Jan. 2, 20047, 2004--Segmentz, Inc. (OTCBB: SEGZ), a provider of transportation and logistics management services to a select client base, ranging from mid-sized to Fortune 100 companies, announced today that it has closed on a private placement transaction, securing $3.3 million in capital from institutional type investors to help the Company continue to execute its strategic plan. Terms of the transaction were not disclosed.

Segmentz Chief Executive Officer, Allan J. Marshall, commented, "I am pleased with the significant strides we have made toward improving the company's capital structure and securing the necessary capital to continue implementing our ongoing growth strategy. We have been fortunate to locate suitable acquisition targets, which will help expand both our geographic coverage and suite of services to an expanded customer base. This financing will provide substantial assistance in this ongoing effort."

About Segmentz, Inc.

Segmentz, Inc. is a provider of transportation and logistics management services to its target client base, ranging from mid-sized to Fortune 100 companies. The Company's services include regional outsourced trucking, time definite transportation, dedicated delivery and supply chain management services. The Company operates a network of terminals in the Southeast and Midwest United States. The Company is dedicated to providing services that are customized to meet its client's individual needs and flexible enough to cope with an ever-changing business environment. Segmentz, Inc. is publicly traded on the NASDAQ OTC-BB under the symbol SEGZ.

Forward-Looking Statements

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statement include our ability to continue to lower our costs, our timely development and customers' acceptance of our transportation products, including acceptance by key customers, pricing pressures, rapid technological changes in the industry, growth of the transportation and third party logistics market, increased competition, our ability to attract and retain qualified personnel, our ability to identify and successfully consummate future acquisitions; adverse changes in customer order patterns, adverse changes in general economic conditions in the U.S. and internationally, risks associated with foreign operations and political and economic uncertainties associated with current world events. These and other risks are detailed from time to time in Segmentz periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its report on Form 10-KSB for its fiscal year ended December 31, 2002.