Cabconnect Promotes HP Labude to Chief Information Officer

Chicago, IL, April 25, 2007 -- Cabconnect Incorporated today announced the promotion of Hans-Peter “HP” Labude to chief information officer. In his new role, HP Labude will provide the necessary visionary leadership for all aspects of Cabconnect's information technology to achieve the Company's aggressive goals and it’s information technology needs.

"During his 4 years with Cabconnect, HP has been critical to the success and growth of our current information technology," said Izzy Aala, president and chief executive officer of Cabconnect."This promotion is merely an acknowledgement of HP's significant contributions. I am looking forward to his continued guidance to these efforts in his new role."

HP joined Cabconnect in 2003 as a chief technology officer. During his career at Cabconnect, he has been instrumental in the creation and implementation of systems to support Cabconnect's growing and diverse corporate needs. In addition, he has been responsible for the development and support of many of Cabconnect's key business systems.

Cabconnect offers a suite of products and services to ground transportation companies to enable secure electronic payments, manage financial transactions and use location data to provide enhanced electronic commerce and information services. Cabconnect’s products allow ground transportation companies to provide enhanced customer services and to streamline and improve their operations productivity and generate new revenue streams. Cabconnect ensures seamless integration to multiple devices and software platforms thus, maximizing return on investment for its customers.