LubeTrak Merges With The TakGroup

We are sending out a special edition LubeTalk newsletter today to inform all of our valuable subscribers and customers of LubeTrak's exciting change in our organization.

The TAKGROUP has been our technology partner from the beginning stages here at LubeTrak. With this merger, we are now one... with the world's best fluid analysis platform provider. Together, our vision will allow us to expand into global markets and provide our customers with world class eLubrication solutions, all while maintaining the personal touch our customers have come to expect.

Please read the press release below to further understand how this timely merger will benefit our dedicated customers, subscribers, suppliers and partners.

Regards,
Brett Winberg
CEO, LubeTrak

The TAKGROUP, a leading eBusiness and Internet technology solutions company in the petroleum industry, and LubeTrak (LT), an innovative maintenance solutions provider in the lubrication segment, announced today their business merger to bring to market the most significant workflow collaboration and data mining/integration offering in the global lubricant testing industry -- the "virtual laboratory" platform.

LubeTrak will market the global oil analysis solution built on the TAKGROUP's patent-pending business model and software application (www.etaklab.com) to petroleum companies, OEM's, lubricant distributors, equipment dealers and testing laboratories. TAK's technology center will support the programs and develop upgraded functionality to accommodate Internet and Wireless (WAP) technologies. Randy Edgerton, CEO of the TAKGROUP, said, "TAK has a strong track record of developing eBusiness solutions, global portals and eTrading applications for the petroleum industry. Separating our oil analysis software into our focused LubeTrak entity will maximize the benefits of the eTAKLab program for our customers while enabling our Technology Development Group unparalleled focus on all our marketplace solutions. Moreover, combining our companies' resources facilitates the continual leveraging of synergies across common customers and applications in the lubricants segment."

A primary goal of the new business merger is to provide optimum turnkey solutions to the four major stakeholders in the lubricant testing business. For the global oil and OEM companies, there is a data-source (laboratory or on-site testing equipment) independent software platform for the majors to own, control and mine the data gathered in their branded oil analysis program. For smaller lubricant manufacturers and distributors/dealers, there is an out-of-the-box eService offering for them to provide profitable support to their customers. Additionally, for the laboratories, there is a cutting edge eBusiness extension to their Laboratory Information Management System, enhancing their value in providing expert testing. Lastly, but most importantly, the end-users can easily manage their oil analysis program to ensure the targeted objectives are met, reduced downtime and lower maintenance costs.

"This is a phenomenal advancement to our vision -- being the premier value-add company in the lubrication maintenance market," said Brett Winberg, CEO of LubeTrak. "Joining the TAK family of companies, we are now fully integrated with the best technology platform for this space in the world. More importantly, its always about saving customers money, and the combination of our maintenance know-how and TAK's Technology Solutions will enable us to continually help the industry operate more efficiently."

About TAKGROUP - The TAKGROUP is a Technology Solutions Provider focused on eConnecting all trading partners in the downstream petroleum supply chain. The company delivers Internet-enabled, online data communications solutions to Suppliers, Marketers, Terminals, Carriers, Retail Dealers and Commercial/Industrial Buyers for the Motor Fuels, Refined Products and Lubricants markets. The TAKGROUP, a privately held company, is headquartered in Portland, OR with offices in Hudson, OH, Essex, CT and Houston, TX. Additional information is available at www.thetakgroup.com.

About LubeTrak - LubeTrak, the world's first eLubrication company, provides maintenance solutions that help enterprises achieve tangible business results, such as driving revenues, increasing efficiencies and reducing costs, in definitive, measurable ways. LubeTrak, a privately held company, is headquartered in Salt Lake City, Additional information is available at www.lubetrak.com.

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