uShip and Shiply Announce Settlement of Their Legal Dispute

LONDON, February 24, 2011 - uShip, Shiply and Robert Matthams today 24th February 2011 jointly
announced a settlement regarding uShip's claims of trademark and copyright
infringement brought in the High Court in London. As part of the settlement,
Shiply has agreed to redesign its web site, and pay an amount in compensation
to uShip.

"We have already redesigned our website, and have agreed to implement
further changes to our logo and other element at issue. We hope that it will
remove any chance of association between uShip and Shiply for customers,
transporters and the community," said Mr Matthams, who is Shiply's managing
director.

"uShip.com has been copied by dozens of competitors since we launched our
innovative transport marketplace in 2004," said Matt Chasen, CEO and founder
of uShip. "As this litigation shows, we will vigorously defend our
intellectual property rights in Europe, the U.S., and other parts of the
world."

About uShip Inc.

uShip relieves the stress and high cost of moving hard-to-ship items,
such as antiques, cars, furniture, pianos, boats, heavy equipment and more.
As the first and largest online transport marketplace, uShip connects people
and businesses with feedback-rated transporters who often fill extra space in
their lorries and vans, while saving customers about 50 percent. Since
launching in 2004, uShip has attracted GBP125 million in business, one
million customers and 200,000 service providers. uShip operates globally with
localised sites in the UK and across Europe, as well as in the U.S., Canada,
EU and Australia. www.uship.com

About Shiply Ltd.

Based in London, UK & founded in 2008, Shiply matches people needing to
move goods with transport companies going there anyway via a reverse-auction
web site model.

Serving some 250,000 customers mainly in the UK, operations have also
recently expanded to Germany, France, Italy, Spain and Holland.

www.shiply.com

Contacts: uShip Inc.: Dean Jutilla, Director of Marketing Communications, dean at uship.com, 0800-098-8022 ext. 133; Shiply Ltd.: E-mail: press at shiply.com, Telephone: +44(0)207-193-3970