FREMONT, CA -- June 2, 2003 -- @Road (Nasdaq: ARDI), a leading provider of mobile resource management services, today announced that @Road ranked 19 on the annual San Jose/Silicon Valley Business Journal survey of the 50 fastest-growing public companies in Silicon Valley. Additionally, the American Stock Exchange¨ (Amex¨) will begin trading options on @Road beginning Monday, June 2, 2003. The options will trade in the January expiration cycle with initial expirations in June, July, October and January. The specialist will be Performance Specialist Group, LLC.
The Business Journal ranking reflects a composite performance score in 2002 among all publicly held companies in Silicon Valley, including return on average equity, increase in revenues year-over-year and improvement in profit margin year-over-year.
"Having options on @Road traded on the American Stock Exchange is an important milestone for the company," said Krish Panu, CEO and president of @Road. "This announcement is another example of investor confidence in our services, technology and people. It's also an honor to be recognized as one of Silicon Valley's 50 fastest growing companies for the second consecutive year."
About @Road
@Road (Nasdaq: ARDI) is a leading provider of mobile resource management (MRM) services, a rapidly growing category of productivity solutions integrating location technologies, wireless communications, transaction processing, software applications and the Internet to help companies better manage mobile workers. Any size organization, in any industry or public sector, in which improving the productivity of mobile workers has an impact on revenue, expenses, customer service and competitive advantage, will benefit from @Road MRM services. Because @Road offers MRM services on a hosted basis, customers avoid expensive and complex software and IT infrastructure investments. Since @Road delivers services using a pay-as-you-go subscription model, customers experience an immediate and measurable return-on-investment.
@Road delivers its MRM services to more than 100,000 mobile workers in North America every day. The company has headquarters in Fremont, CA, and secure networked data centers on both U.S. coasts. @Road is a registered trademark of At Road, Inc. All other trademarks and service marks are the property of their respective owners. For more information, visit the @Road web site at www.atroad.com.
About Amex
The American Stock Exchange¨ (Amex¨) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information visit www.amex.com.
Kathy Stahlman
@Road Public Relations
(510) 870-1144
kstahlman@road-inc.com
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