Volkswagen of America Awards Multi-Year Contract to Pasha

Monday, October 2, 2006

The Pasha Group announced today that it has been awarded a multi-year contract by Volkswagen of America for the carriage of all Volkswagen and Audi vehicles to Hawaii. These vehicles will ship on the MV Jean Anne, operated by Pasha Hawaii Transport Lines (PHTL).

"Pasha Distribution Services, the lead automotive logistics arm of The Pasha Group, has been managing the flow of all of Volkswagen's products to Hawaii since 1999, using multiple service carriers including PHTL," said Peter Young, president of the Automotive and Logistics Division. "With this award, Young continued, "Volkswagen has specifically chosen Pasha Hawaii to exclusively handle their shipments to the Hawaiian Islands. We are pleased to have the quality of our service recognized in this manner."

PHTL provides Roll-on/Roll-off (Ro-Ro) service for vehicles and other rolling cargo between the Port of San Diego and Hawaii, the preferred method of ocean shipping for vehicle manufacturers worldwide. Dedicated Pure Car Truck Carrier service was not available in the U.S. Mainland to Hawaii lanes until PHTL entered the market in 2005 with the MV Jean Anne, a vessel built specifically for the Hawaii automotive and over, high and wide cargo market.

The Jean Anne makes direct calls to the islands of Hawaii, Maui, Oahu and Kauai, eliminating rehandling and expediting time to market.

About Pasha Hawaii Transport Lines
Pasha Hawaii Transport Lines is a joint venture between The Pasha Group, a Corte Madera, California-based global transportation and logistics provider, and Strong Vessel Operators LLC, a Stamford, Connecticut-based ship owner and operator. More about PHTL can be found at www.pashahawaii.com.

About The Pasha Group
The Pasha Group is a nearly 60-year-old diversified logistics and transportation services company that provides specialized services in marine terminal management, processing and total supply chain logistics for finished and privately owned vehicles, relocation services for the U.S. government and private corporations, domestic and international logistics management for general commodity and project cargoes, and vessel stevedoring of vehicles, steel products, general cargoes and containers. The Automotive and Logistics Division provides a complete range of processing and distribution services for manufacturers of new vehicles and shippers of pre-owned vehicles. More information about The Pasha Group can be found at www.pashagroup.com.

About Volkswagen of America
Founded in 1955, Volkswagen of America, Inc. is headquartered in Auburn Hills, Michigan. It is a subsidiary of Volkswagen AG, headquartered in Wolfsburg, Germany. Volkswagen is one of the world's largest producers of passenger cars and Europe's largest automaker. Volkswagen sells the Rabbit, New Beetle, New Beetle convertible, Jetta, GTI, GLI, Passat, Passat Wagon, Touareg and Phaeton through more than 600 independent U.S. dealers. www.vw.com