Power2Ship Announces Agreement with Associated Grocers of the South.

Business Editors

BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 21, 2003

Power2Ship, Inc. (OTCBB:PWRI) announced today that it has signed a Member-Shipper agreement with Associated Grocers of the South, Inc. (AG), a highly successful manager of inbound freight. AG recognizes that the

Power2Ship product offering enables them to drive costs out of their supply chain and gain greater visibility into the movement of their loads. The Power2Ship application will provide information about available freight capacity among P2S Member-Carriers through the P2S MobileMarket(TM) to support AG's management of inbound freight. Richard Hersh, Power2Ship's Chairman and Chief Executive Officer commented, "We are pleased to welcome Associated Grocers to our growing list of customers. Our relationship with them further solidifies our position as a provider of logistics information to the food industry."

About Power2Ship, Inc.

Power2Ship ("P2S") is an Application Service Provider (ASP) that delivers supply chain and logistics information to carriers, shippers and their customers, to help enhance their supply chain effectiveness. The Company has been providing track and trace services for P2S Member-Shippers since April 2003. P2S Member-Carriers are given free unlimited use of the P2S Asset Management Tool. The P2S' vehicle tracking system provides the location, destination and availability of transportation assets through the P2S MobileMarket(TM). Currently, approximately 350 carriers operating an estimated 10,000 tractor trailers have become P2S Member-Carriers. Visit the Company's website at http://www.power2ship.com for further information.

About Associated Grocers of the South, Inc.

As one of the oldest grocery wholesale cooperatives in America, Associated Grocers of the South, Inc. celebrated its 75th Anniversary in fiscal year 2003. From its modest beginning, Associated Grocers has grown from a 2,500 square foot public warehouse to a facility comprised of 455,613 square feet of operational and administrative space.

Along with the growth of its physical plant, the range of services AG offers to its member stores has increased to now include: merchandising, advertising, retail accounting, retail development, computer-generated truck routing, and on-line invoicing. Associated Grocers presently serves over 300 independent grocers in a 6-state area including Alabama, Mississippi, Georgia, Tennessee, Kentucky and the panhandle of Florida, with over 16,000 SKU's including America's most recognized private label - Shurfine. Further information may be found at http://www.agsouth.com.