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To: GARY P GROBBEL who wrote (21598)	6/24/2004 11:01:49 AM
From: Ev	Respond to of 120405

SZI (Old SEGZ) doing well this morn on good news.... Segmentz, Inc. Enters into Purchase Agreement: Adding More Than $20 Million in Revenues TAMPA, Fla.--(BUSINESS WIRE)--June 24, 2004--Segmentz, Inc. (AMEX: SZI), announced today that it has entered into an agreement to acquire 100 percent of the stock of a privately owned provider of a third party logistics services. Management expects the acquisition to significantly expand its customer base and geographic presence and be immediately accretive to the Company's operating income. The acquisition, which is expected to close in July, is expected to add approximately $20-$23 million in revenues during the next twelve months while contributing an estimated pre-tax net income of $2-2.5 million. Synergies and cost reductions from the business combination could yield higher operating profit as the companies combine resources during the coming year. "The acquisition candidate substantially increases our geographic presence in the Midwestern United States, strengthens our management team and provides tremendous synergies to Segmentz," commented Allan Marshall, Chief Executive Officer of Segmentz, Inc. "The Company provides an excellent combination of logistics services, while covering the 48 contiguous states with live 24-by-7 customer support and recently updated technology infrastructure. Consistent with our stated strategic acquisition strategy, we continue to focus in the Southeast and Midwest United States, in an effort to diversify our service offerings, expand our routes, facilities and our fleet. The acquisition candidate is centrally located in the industrial Midwest and is exceedingly well positioned in the industry and managed by an experienced, proven team. We look forward to taking the company to the next level of our strategic evolution." About Segmentz, Inc. Segmentz, Inc. is a provider of transportation and logistics management services to its target client base, ranging from mid-sized to Fortune 100 companies. The Company's services include regional outsourced trucking, time definite transportation, dedicated delivery and supply chain management services. The Company operates a network of terminals in the Southeast and Midwest United States. The Company is dedicated to providing services that are customized to meet its client's individual needs and flexible enough to cope with an ever-changing business environment. Segmentz, Inc. is publicly traded on the American Stock Exchange under the symbol SZI. Forward-Looking Statements This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statement include our ability to continue to lower our costs, our timely development and customers' acceptance of our transportation products, including acceptance by key customers, pricing pressures, rapid technological changes in the industry, growth of the transportation and third party logistics market, increased competition, our ability to attract and retain qualified personnel, our ability to identify and successfully consummate future acquisitions; adverse changes in customer order patterns, adverse changes in general economic conditions in the U.S. and internationally, risks associated with foreign operations and political and economic uncertainties associated with current world events. These and other risks are detailed from time to time in Segmentz periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its report on Form 10-KSB for its fiscal year ended December 31, 2003. Contacts Company Contact: Segmentz, Inc. Allan Marshall, 813-989-2232 or Investor Relations Contact: Hayden Communications, Inc. Mark McPartland, 843-272-4653