Container and Pallet Services, Inc. -- CAPS -- Moves to Southeast Michigan; Robert J. Wiedmaier to Lead New Management Team as Chief Executive Officer

LIVONIA, Mich.--Oct. 1, 20049, 2004--Container and Pallet Services, Inc. (CAPS), a leading supply chain management company formerly based in San Francisco, has relocated to Livonia, Michigan. The move puts CAPS closer to its core automotive and food and beverage industry customers and follows the introduction of Robert J. Wiedmaier as Chief Executive Officer.

Robert Wiedmaier, who joined CAPS in March, is a senior supply chain, operations and business development professional with more than 25 years experience, most recently as president of Performance Solutions, Inc. Wiedmaier also served as vice president and corporate officer for Ryder Logistics, Inc. in their logistics and supply chain management group. He has a successful record of enhancing customer satisfaction and company profitability.

Wiedmaier holds a bachelor's degree from Wayne State University and is active with the Council of Logistics Management, Warehouse Education and Research Council, and the Association for Corporate Growth.

"I am very excited to lead the CAPS team," said Wiedmaier. "Our business model and service capabilities provide cost effective solutions for a multitude of industries. CAPS has a proven and tested track record throughout North America for developing and executing reusable equipment programs that complement and integrate our customers supply chains."

Established in 1998, CAPS was the first company to offer rental and leasing of plastic reusable containers supported by Internet-based inventory management and fleet accountability tools. Today, CAPS provides its customers with a wide range of returnable container solutions that improve supply chain effectiveness and operating efficiencies. Services include complete turnkey alternatives to manage and maintain all aspects of returnable fleet programs, purchase/operating leaseback products, as well as short-term rental of plastic containers, pallets and totes. CAPS proprietary CAPS-TRAC(TM) asset tracking inventory and management software provides fleet accountabilities and utilization reportability.

Wiedmaier leads a new management team that includes Vice President of Business Development and Strategic Planning, Drew Merrill and Director of Finance, C. Keith Chulumovich.

"Being in the Midwest is advantageous for any supply chain management company because of the proximity to our customer base," said Merrill. "This is a central location where we have access to more than 300 major customers. It is important to us to work hand-in-hand with our customers, and this new location allows us to do that."

Drew Merrill is a senior manager with more than 10 years of executive, sales management and operations experience. Prior to joining CAPS, Merrill was the co-founder and CEO of Synapsis Solutions, a specialized consulting services firm. He will be working with CAPS' CEO to diversify the client base and develop strategic partnerships and alliances to grow the business further. Merrill holds a bachelor's degree from Northwestern University and is an active member of the Automotive Industry Action Group.

C. Keith Chulumovich is a finance executive with more than 20 years of experience in operations, business development and process improvements. His expertise includes profit and loss management, mergers and acquisitions, consolidations, divestitures and turnarounds in the manufacturing industry. Chulumovich most recently served as chief financial officer of Prime Source Polymers of Warren, Michigan. Chulumovich holds a bachelor's degree from Michigan State University and is a certified public accountant.

About CAPS

Container and Pallet Services, Inc. (CAPS) is a supply chain management company that provides, tracks, and manages reusable equipment for a multitude of companies and various industries throughout North America. CAPS was created to help customers reduce material handling costs while improving supply chain performance. The team is dedicated to offering environmentally friendly container programs to automotive, agricultural, food and beverage, as well as a number of other industries. For more information visit us at www.useCaps.com, email info@capstrac.com or call (888) 873-2277.