ICAT Logistics' President and CEO Rick Campbell Named Ernst & Young Entrepreneur Of The Year(R) 2006 Award Winner in Maryland; Award Recognizes Entrepreneurial Excellence in Services Category

LINTHICUM, Md.--June 23, 2006--ICAT Logistics, Inc. (www.icatlogistics.com), the fastest growing provider of worldwide transport logistics and expedited freight services, today announced that President and CEO Rick Campbell received the Ernst & Young Entrepreneur Of The Year(R) 2006 Award in the Services category in Maryland. According to Ernst & Young, the award recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. Campbell was selected by an independent panel of judges and the award was presented at an Ernst & Young Entrepreneur Of The Year 20th anniversary gala event at the Hyatt Regency on Thursday, June 22nd.

From the time when ICAT launched in 1992, it has seen incredible growth and expansion, growing more than 60% annually in each of the past three years. ICAT Logistics excels at delivering customized logistics solutions with singular accountability, time-definite service, the highest reliability, and unparalleled time and net cost savings in the industry.

"It's an honor to be recognized for our accomplishments," said Rick Campbell. "This award is a reflection of all the hard work and dedication of the ICAT team."

The Ernst & Young Entrepreneur Of The Year awards program celebrates its 20th anniversary this year and continues to honor entrepreneurs who have demonstrated excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities. "Ernst & Young is proud of its history in recognizing these outstanding leaders and their companies," said Bill Cole, Ernst & Young Entrepreneur Of The Year program director for Maryland.

As a Maryland award winner, Campbell is now eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2006 national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 18, 2006. The overall national Entrepreneur Of The Year award recipient is then considered for the world event held in Monte Carlo.

About ICAT Logistics, Inc.

Founded in 1992, ICAT Logistics, Inc. is a leading provider of customized transport logistics and expedited freight services. ICAT customers receive highly reliable and innovative solutions to meet their logistics objectives and enhance their profitability. With headquarters in Linthicum, Maryland, ICAT has 23 regional locations in five time zones with associate agencies in 75 countries.

About the Ernst & Young Entrepreneur Of The Year Awards

The Entrepreneur Of The Year(R) awards program was created and is produced by professional services firm Ernst & Young LLP. As the first award of its kind, the Ernst & Young Entrepreneur Of The Year award recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program honors entrepreneurs through regional, national and global award programs in over 100 cities and 35 countries.