EAST RUTHERFORD, NJ, March 23, 2004, Management Dynamics, Inc., a leader in price and contract management solutions for the ocean transportation industry, today announced the appointment of Barry Williams as Chairman of the Board of Directors. The former Executive Director of P&O Nedlloyd brings over thirty years of IT and operational experience in the ocean transportation industry to Management Dynamics, as the company continues to expand its information services for carriers, NVOCCs and shippers.

Williams held numerous executive-level positions with P&O Nedlloyd with a focus on applying information technology and effective change management programs to realize key strategic initiatives. As Executive Director and member of the P&O Nedlloyd Executive Committee, he led successful programs to consolidate back office operations in China and India, diversify into freight forwarding and supply chain management services, and implement the company's strategic e-commerce systems. Responsible for the worldwide operations and business systems, his organization spanned a staff of 6,000 across 120 countries.

"Management Dynamics' tariff and contract management services have had a significant impact on P&O Nedlloyd's operations and are uniquely positioned to create value for parties on the other side of the agreement: importers, exporters and international supply chain management service providers," said Barry Williams. "I look forward to taking an active role on the board by providing guidance on strategy as well as helping extend the company's leadership in information technology services for global logistics."

Mr. Williams' appointment as Chairman of the Board becomes effective May 23, 2004. As a board member, he will advise management on company strategy and direction, assist with investor relations, and help develop new markets.

"Barry is a veteran of the ocean transportation industry with an impressive track record in defining successful business strategies and realizing results through the smart application of technology," said Jim Preuninger, chief executive officer at Management Dynamics. "We welcome Barry's leadership and experience to help realize the enormous potential of our technology and services for shippers and transportation intermediaries."

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