----Power2Ship, Inc.
Based on April's revenue, the Company's annualized revenue is
approximately $25 million versus $2,091,965 during the fiscal year
ended June 30, 2004.

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The third division is pursuing mergers and acquisitions and joint
ventures with strategic, non-asset based, trucking companies and
transportation-related providers.
Factors, within and beyond our control, that could cause or contribute
to such differences include, among others, the following: the loss of
one or more of our major customers, our inability to negotiate
mutually acceptable agreements with prospective new customers and a
lack of sufficient capital to fund our operations; as well as those
factors discussed under "Risk Factors" in our Form SB-2/A, as filed on
December 15, 2004.

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Power2Ship's Chief Executive Officer Richard Hersh stated, "We are
anxious to beta test our end-to-end proprietary multi-modality global
tracking and tracing technology solution with our newly acquired
drayage company in an effort to provide a proven solution to Homeland
Security objectives. P2S
Member Carriers receive free, unlimited use of an asset management
system through the MobileMarket(TM) to track the location, destination
and availability of their transportation assets.

initiatives transportation

The
forward-looking statements are based on our current expectations and
what we believe are reasonable assumptions; however, our actual
performance, results and achievements could differ materially from
those expressed in, or implied by, these forward-looking statements. This information
assists P2S Member Shippers to optimize their supply chain and reduce
their transportation, warehousing and inventory carrying costs. P2S has formed three
new divisions in order to accelerate the market penetration of its
patent-pending P2S MobileMarket(TM).

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----Power2Ship,
Inc. The second division
is focused on Homeland Security and Operation Safe Commerce, primarily
related to development of "smart" container tracking and visibility.

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Power2Ship (P2S) is a Web-based Collaborative Marketplace that
provides supply chain, tracking and other logistics information that
enables freight carriers (trucking companies), shippers (senders and
receivers of freight) and their customers to make better -informed,
cost-effective transportation / logistics decisions. (OTCBB:PWRI), has acquired New Jersey -based GFC, Inc.

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, will utilize a growing network of agents to provide
services along the eastern seaboard ports with 2005 projected revenues
to range from $8MM to $12MM.

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Power2Ship Reports Preliminary Record Revenue; 208% Increase for Quarter Ended 3/31/05 and 1 565% Increase in April 2005

For the month of April 2005,
the Company's consolidated revenue shot up approximately $1.

Power2Ship (P2S ) is a Web-based Collaborative Marketplace that
provides supply chain, tracking and other logistics information that
enables freight carriers (trucking companies), shippers (senders and
receivers of freight) and their customers to make better-informed,
cost-effective transportation / logistics decisions.

This press release includes certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended.

nonprofit allow

03 million (208%) to approximately $1,527,000 during
the quarter ended March 31, 2005 from $496,453 during the comparable
quarter of 2004.
P2S has formed three new divisions in order to accelerate the market
penetration of its patent-pending P2S MobileMarket(TM): An
International Licensing Division, headed by Emerson Fittipaldi,
markets the P2S MobileMarket(TM) abroad; a Security Division to
support Homeland Security objectives primarily related to
transportation security; and, the Mergers, Acquisitions, and Joint
Ventures Division seeking relationships with strategic , non-asset
based, trucking companies and transportation-related providers.

formed western

logistics western

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About Power2Ship , Inc. The company currently is in negotiations
with major foreign shippers and anticipates opening additional offices
throughout the country to support further business opportunities. An international licensing
division markets the P2S MobileMarket(TM) abroad. The
forward-looking statements are based on our current expectations and
what we believe are reasonable assumptions; however, our actual
performance, results and achievements could differ materially from
those expressed in, or implied by, these forward-looking statements.

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Factors, within and beyond our control, that could cause or contribute
to such differences include, among others, the following: the loss of
one or more of our major customers, our inability to negotiate
mutually acceptable agreements with prospective new customers and a
lack of sufficient capital to fund our operations; as well as those
factors discussed under "Risk Factors" in our Form SB-2/A dated
December 15, 2004 and various disclosures in other reports filed from
time to time with the United States Securities and Exchange
Commission. P2S
Member Carriers receive free, unlimited use of our Asset Management
System through their use of the MobileMarket(TM) to track the
location, destination and availability of their transportation assets.

warehousing goods

affect nationwide

Business Editors

BOCA RATON, Fla. The 2005 quarterly and monthly revenues are
preliminary, internally-prepared figures that are subject to
adjustment.

This press release includes certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended.

formed allow

Business Editors/Logistics + Transportation Writers

BOCA RATON, Fla.

transportation logistics

, a
non-asset based intermodal drayage company with revenues of
approximately $5."

About Power2Ship, Inc.

transportation industry

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Power2Ship Intermodal , formerly
GFC, Inc. Readers are urged to carefully review and consider
the various disclosures detailed from time to time in our other
reports and filings with the United States Securities and Exchange
Commission.

distribution transportation

(OTCBB:PWRI), a Web-based Collaborative Marketplace for the freight
transportation industry, reported that its consolidated revenue surged
approximately $1.

Power2Ship Inc. Aggressively Expands With Acquisition of GFC Inc. Creating Power2Ship Intermodal Inc.

Such forward-looking statements include, but are not limited
to, statements regarding our current business plans, strategies and
objectives that involve risks and uncertainties that could cause
actual results to differ materially from anticipated results.

goods warehousing

Given that the Company closed two acquisitions on
March 21, 2005, it only has included the revenue for the last 11 days
of March from its wholly -owned subsidiaries Commodity Express
Transportation and Power2Ship Intermodal.95 million
(1,565 %) to approximately $2,076,000 from $124,650 during April 2004. Such forward-looking statements include , but are not limited
to, statements regarding our current business plans, strategies and
objectives that involve risks and uncertainties that could cause
actual results to differ materially from anticipated results.7 million in 2004. This information
assists P2S Member Shippers to optimize their supply chain and reduce
their transportation, warehousing and inventory carrying costs.