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 2008-07-29 iGPS Announces Agreement With Okray Family Farms

Intelligent Global Pooling Systems (iGPS Company LLC), operator of the world's first all-plastic pool with embedded RFID tags, announced that Okray Family Farms will begin shipping its quality produce on iGPS' all-plastic pallet pool with embedded RFID tags.

Located in Plover, WI, and one of "America's Top 100 Vegetable Growers," Okray Farms produces a wide variety of potatoes, sweet corn, field corn, and green beans on 6,460 acres of land. The company is the latest to make the switch from wood pallets to iGPS' innovative, 100 percent recyclable plastic pallet.

"Operating a successful farm for over 100 years requires vision and innovation," said Dick Okray, President of Okray Farms. "The iGPS pallet with embedded RFID tags is an exciting development, enabling us to streamline our operations and provide higher quality and greater efficiency for our customers. Moreover, as people who care deeply about the earth, we especially appreciate the environmental advantages of iGPS' pallet vs. the typical wood alternative."

In just two years, iGPS has revolutionized the way goods are being shipped throughout the U.S. supply chain. Its all-plastic pallet meets all GMA requirements, weighs 30% less than typical multi-use wood pallets, is impervious to infestation and holds a fire-retardant UL 2335 certification.

"Our pallet and infrastructure are ideal for businesses like Okray Farms that ship perishable items like fresh produce," said iGPS CEO, Bob Moore. "Thanks to the superior durability of our pallet, its 100% top deck coverage and non-absorptive nature, Okray Farms produce will arrive at its destination in better condition and with less risk of contamination."

About iGPS

iGPS is the world's first company to provide manufacturers and retailers with an all-plastic pallet pool with embedded RFID-tags. iGPS's state-of-the-art pallets are 30% lighter than wood, which saves on transport costs, are easier to handle and eliminate protruding nails and splinters that cause workplace injuries and damaged equipment. In addition, embedded RFID tags enable shippers and receivers to track and trace shipments in real time. Launched in March 2006, the company is led by pallet and supply chain veterans with decades of experience. iGPS (www.igps.net) is headquartered in Orlando, FL., with offices in Dallas, New York and Bentonville, Arkansas.

Pegasus Capital Advisors, a private equity fund manager with offices in New York and Cos Cob, CT, retains a majority interest in iGPS. Founded in 1995, Pegasus provides capital to middle market companies across a wide range of industries, with particular focus on businesses that make a meaningful contribution to society by positively affecting the environment, contributing to sustainability and enabling healthy living. www.pcalp.com

About Okray Family Farms

Okray Family Farms was founded in 1905 and is an American Vegetable Grower Top 100 Grower. Located in Plover, WI, Okray Farms sits on 6,460 acres of land and sells a wide variety of potatoes, sweet corn, field corn, snap beans and cranberries. www.okray.com



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