Vitesse Offers Logistics

CAMARILLO, Calif. -- Vitesse Semiconductor Corporation (Nasdaq:VTSS - News) today announced the availability of logistic services to its customers in North America through a service contract with Titan Logistics Corp. Focused on the needs of the OEM (original equipment manufacturers), EMS (electronic manufacturing services) and CM (contract manufacturers) communities, Vitesse and Titan Logistics will provide dedicated resources and broaden the services offered to these customers. New services include: EDI order processing; purchase order tracking and management system; demand forecasting of inventory requirements; multi-user and VMI programs; and efficient fulfillment procedures. Titan Logistics will also provide warehousing of Vitesse products from its facilities located in New York. Services will be available beginning in March 2003."Vitesse plans to provide centralized order fulfillment centers worldwide to meet the immediate needs of our customers. Having Titan Logistics service North America is a natural extension to the successful customer service programs we have jointly developed for other countries," commented Phil Richards, Vitesse's vice president of Channel and Partner Sales. "We are delighted that Vitesse has chosen us to provide supply chain management services in North America," said Jim Buzaid, vice president and general manager of Titan Logistics Corp. "Both companies understand the dynamics of today's global business environment. Titan's ability to provide a single global solution through systems, processes and people will enable Vitesse to ensure its customers receive both quality products and services." Titan also provides Vitesse's logistics services throughout Asia and is a wholly owned subsidiary of North American based distributor, Nu Horizons Electronics Corp. (Nasdaq:NUHC - News). Vitesse Semiconductor Corp.