Pegasus TransTech Announces Frank Adelman as Chief Executive Officer

Pegasus TransTech, a leading provider of electronic revenue cycle, document management, and invoicing solutions to the transportation industry, announced today that Frank Adelman has been named President and CEO. Mr. Adelman assumes this position as

Tampa, Fla. (I-Newswire) October 28, 2013 - Pegasus TransTech, a leading provider of electronic revenue cycle, document management, and invoicing solutions to the transportation industry, announced today that Frank Adelman has been named President and CEO. Mr. Adelman assumes this position as part of the company's long-term succession planning and replaces Bob Helms, who is retiring from his position as Chairman and CEO to pursue other interests and spend time with his family.

"We sincerely thank Bob for his 14-year commitment to the organization and his integral role in developing Pegasus TransTech into the profitable and consistently growing business we have today. We appreciate his stewardship and vision and wish him luck in his new endeavors," said Mr. Adelman. "At the same time, the future is bright for Pegasus TransTech. Our team of dedicated professionals is driven to meet our clients' needs in today's complex shipping and logistics environment. We continue to innovate in our various product and service offerings, and we are poised to realize critical growth opportunities in the years ahead."

Mr. Helms joined Pegasus TransTech in 1999 as a member of the Board of Directors. Under his leadership, Pegasus TransTech was named the 2012 Small Business of the Year by the Greater Tampa Chamber of Commerce. Mr. Helms was also named the Greater Tampa Chamber of Commerce's Outstanding Leader of the Year in 2013. Mr. Helms will remain a consultant and advisor to the company.

Mr. Adelman joined Pegasus TransTech in 2004 and has led the company's efforts to increase market share and drive revenue growth for the company's transactional, "shipment-to-cash" solutions utilized by leading transportation companies. He has more than 30 years of transportation industry experience, including more than 20 years in executive leadership roles.

About Pegasus TransTech

Founded in 1998, Pegasus TransTech is the leading provider of business solutions that streamline document transmission, billing, collections, payroll, and other revenue cycle processes for the transportation and logistics industry. The company serves more than 950 truck stops in North America, 35 of the top-42 truckload carriers, and 17 of the top-30 freight brokers, and over 300,000 drivers.

Pegasus TransTech is best known for its document scanning solutions, including TRANSFLO Express®, the industry-leading imaging solution preferred by drivers and travel centers across North America; TRANSFLO Mobile, a smart phone and tablet imaging application available on iOS and Android mobile devices with over 50,000 downloads; and TRANSFLO Now!®, an in-cab or remote scanning solution.

Pegasus TransTech document imaging solutions provide same-day access to delivery documents, which speeds driver pay and accelerates the billing cycle for carriers. Pegasus TransTech also offers carriers TRANSFLO® and cloud-based TRANSFLO DMS, robust software applications that provide back office document management and workflow solutions that seamlessly integrate with other Pegasus TransTech offerings.

The company's newest innovations include TRANSFLO $Velocity, a standard interface that connects over 14,000 carriers and brokers, enabling electronic transmission of load documents and acceleration of revenue cycles in the supply chain. Most recently, Pegasus TransTech introduced TRANSFLO Load Track, a GPS in-transit visibility solution that enables carriers, brokers and shippers to track shipments via smartphone and tablet devices.

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October 28, 2013

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