V-LINE EUROPE / SOUTHEAST UNIVERSITY NANJING - RESEARCH PROJECT PROGRESS REPORT

Nanjing, Peoples Rebuplic of China, 09/08/2005

The research team of South East University Nanjing, headed by Professor Lindu Zhao Ph D Director Institute of Systems Engineering, today presented their progress report on the 2nd stage of the V-LINE Integrated Procurement Platform for Foreign and Local MRO Supply Research Project to V-LINE Europe CEO Detlev Daues.

The project is part of a sponsored internship program under which six SEU students in
the MBA program received three months training at V-LINE headquarters in Germany
and then returned to China for field work and university research. The program began
in January 2005 and will continue through year-end for a final report which will provide
practical visibility for V-LINE business development in Asia.

In making his evaluation, Mr. Daues praised the team’s work on the first two stages of the project. He then encouraged them to add a test case simulation to their final report as a means of clearly presenting the advantage of V-LINE’s advanced business model. http://log.seu.edu.cn

About V-LINE
The V-LINE Group of Companies, headquartered in Sehnde near Hanover, Germany, was founded In l979 to provide capital intensive industrial plants in the Middle East with services aimed at reducing total procurement costs of cross border (foreign-made) spare parts. Today, from two buying / warehousing / logistics operations in Japan and the United States and its main operations and administrative hub in Germany, it serves a global customer base of large organizations on every continent. For further information, please visit website
www.v-line.com or contact by phone: country code + 5138/7008-0 (DE); 732/493-1400 (US); 66/675-3001(JP); 11/6225-0580 (BR); 10/649-92689(CN); 2222/ 536396 (MX)

About Southeast University Nanjing China
Southeast University Nanjing is one of the key universities administered by Ministry of Education China. One of the oldest institutions of higher learning in China, it today has 5 campuses on 155 hectors, a modern university with departments in science, law, economics, management and languages - with engineering as its focus. It offers 55 PhD and 104 Masters programs.


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