SOURCE: TrenStar

April 07, 2006 10:00 ET

TrenStar Secures $10 Million in Funding and Increases Executives' Roles

DENVER, CO -- (MARKET WIRE) -- April 7, 2006 -- Mobile asset management specialist, TrenStar Inc., announced that the company has received an additional $10 million of equity funding. The funding was provided by its existing shareholders Trencor Ltd. and The Carlyle Group.

TrenStar also announced two executive changes. The role of Ed Flaherty, TrenStar's chief financial officer, has been expanded to include the responsibilities of chief operating officer. Mr. Flaherty will oversee all of the day-to-day operations of the company. In addition, Hennie van der Merwe, managing director of Trencor Ltd., will replace Alex Brown as executive chairman of TrenStar.

"This is an exciting time for TrenStar as we focus on the continued growth of our proprietary business platform and mobile asset management solution," said Ed Flaherty, COO and CFO of TrenStar. "Through our combined offering of radio frequency identification (RFID) technology expertise and outsourced asset management services, our business model helps optimize processes within the supply chain and brings superior value for our customers, while ensuring long-term recurring revenue streams for TrenStar."

About TrenStar

TrenStar is the first company to offer mobile asset management. From the start in 2001, TrenStar's singular mission has been to buy, track and manage high-value containers for customers throughout asset-intensive industries. TrenStar offers one complete outsourced solution that combines asset acquisition, tracking technology and management services all for a per-use fee, so customers, and eventually entire industries, reduce operating expenses, improve customer service and manage assets and their contents effectively. TrenStar's clients include Carlsberg UK, Coors Brewers Limited, Kraft, Firestone, Goodyear and several hospitals within the healthcare industry. Consistently ranked one of the top software developers in the Denver area and named a Deloitte Technology Fast 500 Rising Star in North America in 2004, TrenStar has offices in Denver, the United Kingdom and South Africa. TrenStar is privately held, and the primary shareholders are Trencor Limited, The Carlyle Group and the Leede Companies. On the Net: www.trenstar.com

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