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Intelligent Global Pooling Systems News

/C O R R E C T I O N -- Intelligent Global Pooling Systems/

In the news release, iGPS Announces Agreement With Dole Fresh Vegetables, Inc., issued Thursday, May 1, by Intelligent Global Pooling Systems over PR Newswire, we are advised by the company that the first paragraph, first sentence, should read "Intelligent Global Pooling Systems (iGPS Company LLC) announced today that Dole Fresh Vegetables will begin testing iGPS's all-plastic pallet with a limited amount of its commodity products beginning mid-May," rather than "Intelligent Global Pooling Systems (iGPS Company LLC), announced today that, beginning mid-May, Dole Fresh Vegetables will begin shipping its products on iGPS' all-plastic pallet pool with embedded RFID tags" as originally issued inadvertently. Complete, corrected release follows:

iGPS Announces Agreement With Dole Fresh Vegetables, Inc. High-Quality Dole Vegetables to be shipped using iGPS' all-plastic pallet pool with embedded RFID tags

ORLANDO, Fla., May 1 PRNewswire — Intelligent Global Pooling Systems (iGPS Company LLC) announced today that Dole Fresh Vegetables will begin testing iGPS's all-plastic pallet with a limited amount of its commodity products beginning mid-May.

Dole Fresh Vegetables is the latest company to use iGPS' innovative, 100 percent recyclable plastic pallet. Located in Monterey, California, Dole Fresh Vegetables joins Imperial Sugar, Pilgrims Pride and Martori Farms, among other top-tier brands, which have switched from wood to plastic pallets.

"Using the iGPS plastic pallet is part of Dole's commitment to continually providing our customers with value-added supply chain solutions that enhance our service offering," said Robert Engle, vice president of supply chain at Dole. "This pallet is a leap forward for the supply chain and, equally important, is further evidence of our commitment to acting in an environmentally responsible manner."

In just two years, iGPS has revolutionized the way goods are being shipped throughout the US supply chain. Its all-plastic pallet meets all GMA requirements, weighs 30% less than typical multi-use wood pallets, is UL 2335 certified fire-retardant and 100% recyclable.

"The addition of such a highly-respected brand as Dole Fresh Vegetables is yet another validation of our superior value proposition. We are honored that Dole Fresh Vegetables has put its trust in us," said iGPS CEO Bob Moore.

About iGPS

iGPS is the world's first company to provide manufacturers and retailers with an all-plastic pallet pool with embedded RFID-tags. iGPS' state-of-the-art pallets are 30% lighter than wood, which saves on transport costs, are easier to handle and eliminate protruding nails and splinters that cause workplace injuries and damaged equipment. In addition, embedded RFID tags enable shippers and receivers to track and trace shipments in real time. Launched in March 2006, the company is led by pallet and supply chain veterans with decades of experience. iGPS (www.igps.net) is headquartered in Orlando, FL., with offices in Dallas, New York and Bentonville, Arkansas.

Pegasus Capital Advisors, a private equity fund manager with offices in New York and Cos Cob, CT, retains a majority interest in iGPS. Founded in 1995, Pegasus provides capital to middle market companies across a wide range of industries, with particular focus on businesses that make a meaningful contribution to society by positively affecting the environment, contributing to sustainability and enabling healthy living. www.pcalp.com

About Dole Food Company

Dole is committed to the quality of our products, sustainable environmental practices and the wellbeing of our 75,000 employees worldwide. Dole contributes generously to the communities where it operates around the world, promoting nutrition and health education as well as a healthier, more sustainable environment.

Dole Food Company, Inc., with 2007 revenues of $6.2 billion, is the world's largest producer and marketer of high-quality fresh fruit, fresh vegetables and fresh-cut flowers. Dole markets a growing line of packaged and frozen foods and is a produce industry leader in nutrition education and research.

SOURCE Intelligent Global Pooling Systems

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