News Releases

Applied Logistics Announces Funding for RFID Asset Tracking Opportunities
Rebrands to New Name Fluensee

ENGLEWOOD, Colo. - May 30, 2006 - Applied Logistics, Inc. today announced the completion of Series A financing led by IllinoisVENTURES. The funds will be used to capture a greater share of the rapidly growing market for RFID-enabled applications which track and manage the physical movement of assets and inventory.

Applied Logistics also announced that it will be operating under a new name, Fluensee, in support of the company’s strategy to extend beyond its current transportation and logistics industry focus. Fluensee will expand into additional markets that are faced with a growing need to gain improved control and visibility over their assets.

“Companies today are faced with increased pressure to reconcile physical assets with corporate financial records,” said Tim Harvie, Fluensee president and chief executive officer. “Fluensee is uniquely positioned to help its customers realize the value of RFID by gaining better visibility, control, security and utilization of their physical assets.”

“Fluensee’s unique combination of proven software solutions, an experienced management team, a strong partner network and extensive hands-on knowledge of RFID complements our existing technology portfolio,” said Rob Schultz, senior director of IllinoisVENTURES. “We are excited to be involved in the growth of Fluensee and the potential opportunity for them to leverage our existing portfolio of strong technology innovators.”

“Our strong partnerships with IllinoisVENTURES and leading technology and service providers such as Sun Microsystems will allow Fluensee to accelerate sales growth and expand our already substantial intellectual capital,” said Tim Harvie, president and chief executive officer of Fluensee. “We believe real-world experience coupled with our access to the R&D capabilities of the University of Illinois creates the foundation for establishing Fluensee as the leader in applying RFID technology to asset-intensive business processes.”

About Fluensee
Fluensee's RFID-enabled asset tracking and management solutions improve the visibility, accuracy, security and utilization of a company's mobile and fixed assets. Its end-to-end solutions combine highly configurable and patented software and implementation services with hardware from leading RFID, barcode, GPS and sensor technology providers. Fluensee offers its browser-based, enterprise-class AssetTrack™ solution that tracks IT assets, pallets, tools, equipment and all types of other high-value assets, along with its Yard™ application that is designed to efficiently manage assets in transportation and distribution environments. All of Fluensee's solutions are platform- and hardware-agnostic. Fluensee is a privately held, venture-backed company headquartered in Englewood, Colorado. For more information, visit www.fluensee.com.

About IllinoisVENTURES
Based in Chicago, IllinoisVENTURES, LLC, was created to catalyze the creation and accelerate the early development of technology-based companies, with a particular emphasis on those deriving from research conducted at the University of Illinois and other regional research institutions. IllinoisVENTURES deploys funding from public and private sources. IllinoisVENTURES acts as the General Partner of the Illinois Emerging Technology Fund - an early-stage, technology-focused venture capital fund, and as the fulfillment partner for the Chicago and Illini-ITECs (Illinois Technology Enterprise Centers) on behalf of the Department of Commerce and Economic Opportunity of the State of Illinois. The IllinoisVENTURES professional staff brings to bear extensive experience in industry, start-up, and private equity investing. On the Net: www.illinoisventures.com.

For Fluensee Inc.:

(303) 799-0700