Cadre Technologies Announces New Senior Executives

Executive Appointments Position Cadre to Accelerate Growth in 3rd P Party Logistics and Supply Chain Software Industry

DENVER, Oct. 24 -- Cadre Technologies, the leading innovator in warehouse management and supply chain technology, announced today that Chris Scherpenseel has been appointed CEO of the company. The company also announced the appointment of Charles (Charlie) Cape to a new position as vice president of professional services.

Scherpenseel and Cape were selected to help build upon the momentum Cadre has realized since completing the merger with the LDS Corporation earlier this year and to take the company to the next level.

"As a founder and director of the company, I believe this change positions us to build upon the success that we worked so hard to achieve since we started Cadre," said Joe Peters, Cadre's president. "We are extremely fortunate to have two executives of Chris' and Charlie's caliber join our company."

Scherpenseel brings more than 20 years of senior management experience in software development, information technologies and network integration industries. For the past eight years he was president of FRx Software Corporation, a wholly owned subsidiary of Microsoft. He previously held senior management positions at FRx, including chief operating officer and vice president of customer services. Prior to FRx, his experience includes executive and financial management positions for database software development and data processing firms.

Scherpenseel earned his Bachelor's degree in business administration from the University of Colorado and Master's degree in finance from Colorado State University. He is a licensed CPA and fellow member of both the American Institute of CPAs and Colorado Society of CPAs.

"Cadre has been built on a very solid foundation, with considerable, forward looking vision," explained Scherpenseel. "We eagerly anticipate building upon that foundation to fulfill the vision of a world-class leader in supply-chain execution software."

Cape has worked with global leaders in logistics, manufacturing, software and banking industries for more than 30 years, most recently as Global Program Director at DHL Logistics; and chief information officer at Exel Logistics. He led the IT merger integration of DHL and Exel to help create the number one provider of air, ocean freight and contract logistics in the world. Cape was also manager of applications support at Electrolux and product manager at JD Edwards. He earned his bachelor degree at Ohio State University, Master's Degree in Management from Webster University and a Ph.D. in Organization and Management from Capella University.

About Cadre Technologies

Cadre was formed in April 2001 by warehouse management and logistics experts with decades of experience in distribution technology. They joined together to build and deliver a powerful, unified suite of applications that integrate critical processes including order management, warehouse management, transportation management and financial management systems as well as advanced wireless communications, speech recognition and remote computing technologies.

In March 2006, Cadre Technologies acquired The LDS Corporation, a long established software vendor in the 3rd party logistics industry. The merger resulted in a combined company that is the largest software provider to the third-party logistics industry with more than 200 customers in North America. The combined collection of solutions includes Cadence Integrated Supply Chain Execution, a real-time, Microsoft .NET system for 3rd party logistics and distribution; Accuplus, a comprehensive warehouse logistics system which manages warehouse operations, activity billing, inventory and shipments; and LogiView, a Microsoft .NET based hosted web application that provides real-time inventory monitoring information across multiple warehouses and shipments. Cadre Technologies is a Microsoft Gold Certified Partner and Symbol Technologies Channel Partner.

For more information and to schedule an interview with a Cadre executive, please contact Roger Rountree at 303-217-7056, roger.rountree@cadretech.com.