Madison,
WI, June 19, 2007 - TrafficCast
International, Inc., a leading
developer of digital traffic
data and software for
next-generation traffic
information services, today
announced that Paul Schneider
has been elected to its Board of
Directors. The election of Mr.
Schneider coincides with the
close of the company¡¯s
approximately $2 million Series
A Round of funding.
Mr.
Schneider is a Director for
Schneider National Inc., a
premier provider of truckload,
logistics and intermodal
transportation services.
Headquartered in Green Bay,
Wis., Schneider National has
provided expert logistics and
transportation solutions for
more than 70 years. As Director,
Mr. Schneider is responsible for
new business development and
pricing of over $3.5 billion in
annual revenue through
Schneider¡¯s global client base
in more than 28 countries in
North America, Europe and Asia.
Mr.
Schneider received a bachelor's
degree in economics from
Northwestern University,
Evanston, Ill.
He earned a master¡¯s of
science degree in information
systems from the University of
Wisconsin.
¡°I
am very pleased and excited to
join TrafficCast
International¡¯s Board and help
support its dynamic expansion in
traffic information services,¡±
commented Mr. Schneider. ¡°I know firsthand how significant accurate traffic
information is to fleet and
logistics management. I am
pleased to help guide
TrafficCast International, the
predictive traffic information
and technology leader.¡±
¡°We
are delighted that Paul is
joining the TrafficCast
International team,¡± said Dr,
Connie Li, co-founder and CEO.
¡°Our board now has deep
experience in fleet logistics,
media, traffic theory, software
development and the public
sector and can provide
meaningful guidance and
perspective for our core
distribution channels.¡±
TrafficCast
International¡¯s Board of
Directors also includes Terry
Kelly, President
of Weather Central Inc. and
Chairman of MyWeather LLC,
market leaders in weather data
and production graphics for
media; Dr. Bin Ran,
Co-Founder of TrafficCast Inc.,
industry expert and Full
Professor in the Transportation
Engineering Department at the
University of Wisconsin; and Dr.
Connie Li, Co-Founder and CEO of
TrafficCast International Inc.
Supplementing the Board are
three observers, Lauren
Flanagan, Managing Director of
Phenomenelle Angels Fund
I, LP, CEO of SCIO Corp
and serial software
entrepreneur; Joseph Hildebrandt,
Managing Director of
Phenomenelle Angels Fund I LP,
and a life-time partner of Foley
& Lardner LLP; and Barbara
Boxer, Managing Director of
Women Angels of Milwaukee and
Florida and General Counsel and
Director of Governmental Affairs
of PDM Bridge, LLC.
About
TrafficCast International, Inc.
TrafficCast International is the
leading provider of digital
traffic data, with patented
software and predictive models
to produce route-specific
real-time traffic information
and travel time forecasts for
traditional and emerging traffic
information markets.
Privately-held, TrafficCast
International is a subsidiary of
TrafficCast Inc, and is backed
by angel and venture capital
investors. Growing revenues
derive from distribution
channels ranging from portals to
fleet logistics to media and the
public sector.
The company is based in
Madison, Wisconsin and has a
branch office in Shanghai,
China. For more information, see
www.trafficcast.com.
###
ã2007 TrafficCast International, Inc. All rights reserved.
Contacts:
TrafficCast International
Nick Kiernan
n.kiernan@trafficcast.com
608-268-3927
This
press release may
include
"forward-looking
statements"
within the meaning of
the safe harbor
provisions of the
United States Private
Securities Litigation
Reform Act of 1995.
Forward-looking
statements in this
press release include
expectations about
product development
and services
provision. Actual
results may differ
materially from those
contained in the
forward-looking
statements in this
press release.
TrafficCast
International
undertakes no
obligation and does
not intend to update
such forward-looking
statements to reflect
events or
circumstances
occurring after this
press release. Undue
reliance should not be
placed on these
forward-looking
statements, which
speak only as of the
date of this press
release. All
forward-looking
statements are
qualified in their
entirety by this
cautionary statement.
TrafficCast
International and the
TrafficCast logo are
registered trademarks
of TrafficCast
International, Inc.
All other names or
marks are the property
of their respective
owners.
