Eltrax Announces New Credit Facility With PNCBank.

Business Editors

ATLANTA--(BUSINESS WIRE)--March 17, 2000

Eltrax Systems, Inc. (Nasdaq:ELTX), a global provider of outsourced information technology solutions, announced that it has closed a three-year, $20 million asset-based revolving credit facility with Pennsylvania-based

PNC Bank. This credit facility replaces Eltrax's facility with Citizens Bank (formerly State Street Bank). Eltrax used approximately $11.6 million of the new facility to retire outstanding indebtedness, and intends to use the available balance for working capital needs and general corporate purposes.

"We are pleased to have PNC as our lender," said Bill Fielder, vice president and chief financial officer of Eltrax. "Establishing this new credit facility is one of several steps necessary to fund the growth we expect to see in our application service provider and technology services consulting business over the next twelve months."

Also, as previously announced, Eltrax is exploring various alternatives to further its strategy of expanding its penetration of the network and application service provider markets, including the valuation and possible disposition of certain non-strategic assets. However, there can be no assurance that any such disposition will occur.

About Eltrax

Eltrax is a global provider of outsourced information technology solutions. Eltrax's technology services group provides technology solutions, customer care services and acts as an application service provider. Eltrax's hospitality services group provides enterprise information solutions for the global hospitality industry.

Eltrax is headquartered in Atlanta, Georgia. For more information visit the Eltrax Web site at www.eltrax.com or contact Sara Shoemaker at 770/226-6089 or sshoemaker@eltrax.com.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and the Company intends that such forward-looking statements be subject to the safe harbors created thereby. The words "believe", "expect", "anticipate", "intend", "will" and similar expressions are examples of words that identify forward-looking statements. These forward-looking statements reflect the company's current views with respect to future events and financial performance, but are subject to many uncertainties and factors relating to the company's operations and business environment which may cause the company's actual results to be materially different from any future results expressed or implied by such forward-looking statements. Please see the company's filings with the Securities and Exchange Commission for a list of such uncertainties and factors. The company undertakes no obligation to publicly update or revise any forward-looking statement whether as a result of new information, future events, or otherwise.