Bringing Rail to the Web

1. Bringing Rail to the Web Next

2. Discovery Session with IONX / Amsted Rail, 03/25/09 Next

3. We Are A Dedicated Freight Rail Software Service Provider With Vast In-House Railroad Mechanical & Maintenance Experience iIRX, LP A Virginia-based, privately owned, debt free Limited Partnership where all General Partners actively manage and participate in the day-to-day operations of the company. Founded in 2001 to Serve The Freight Rail Industry www.iirx.net Space Coast, FL Office4225 Woodhall CircleViera, FL 32955Phone: 321.684.5949 Roanoke, VA Office:2146 Windsor Avenue, S.W.Roanoke, VA 24015Phone: 540.343.8991 NJ Technical Office373 Mount Hermon Rd.Blairstown, NJ 07825Phone: 908.212.7468

4. System At A Glance Private Car Owner & Private Repair Facility Railroad Modules Shop Billing Shop Estimating & Approval Central Billing Office Invoicing Depreciated Value System Variable Labor & Material Pricing Manual Invoicing Bad Order System Payable Bill Auditing Freight Car Specifications Management Reports Upload Utilities Rebilling System Search Utilities Upload Utilities Common Modules Search Utilities Advanced Equipment Monitoring System, WILD Inventory Component Tracking / Warranty Management Mobile Manager Log-on Determines Modules Displayed Previous

5. As A License Holder of an iIRX, LP Freight Car Mechanical & Car Repair Billing System, You Also Receive The Following Services: • Web Hosting of Your Application and Redundant Historical Data At Our Hosting Facility • Training; On Location and/or Live Internet Interactive • Updating AAR Rules, Regulations and Pricemaster • Software and Hardware Maintenance of Your Application • Periodic Functionality Upgrades at No Cost • Customizations Welcomed at Reasonable Rates • Access to the iIRX, LP Help Desk

6. Present Rail Customers • Dakota Minnesota & Eastern Railroad Company • Iowa Chicago & Eastern Railroad Company • Vermont Railway • Green Mountain Railroad Company • Clarendon & Pittsford Railroad Company • Washington County Railroad Company • New York & Ogdensburg Railway Company • Cranemasters – Agent for Norfolk Southern • Progressive Railroad • Wisconsin Northern Railroad • Chicago Freight Car Leasing Company • Helm Financial Corporation • Maine Eastern Railroad Next

7. Present Rail Customers • Rahway Valley Railroad • Luminent Mining (TXU) • Mississippi Railcar Repair • Hoosier Railcar Repair • Rail Mechanical Services • Tactical Cleaning • National Railway Equipment • Western Farmers Electric Cooperative • TrinityRail • Progress Rail Services • Morristown and Erie Railroad • ER&R Inc, Repair Shop • AG Processing Next

8. Non-Rail Customers • POCITS (Medical software, Pain Management) • AAR, Digital Documentation for TTCI/InteRRIS • International Decal Corporation Next

9. iIRX and IONX, Potential Synergies • History: • Mike Edwards, Director of Communications, BRENCO, Inc, 1991-1996 - engaged with the acquisition of StarTrax , introduced to on-board, satellite mechanical monitoring. • 2005 – iIRX customer/development partner, a PCO, initiates an on-board satellite mechanical monitoring test that included hand brake and brake pipe pressure application monitoring. Next

10. iIRX and IONX, Potential Synergies • Technology: • Both iIRX and IONX deliver near real-time freight car mechanical information via the Internet • iIRX is based on the Microsoft Windows XP/VISTA platform using business friendly software such as Visual Studio.Net, SQL, Microsoft Office, Crystal Reports, Adobe Acrobat, and Adobe Flash • iIRX provides delivery of information on all Windows XP/VISTA computers including all micro notebooks, tablet PCs and other handheld devices. • iIRX is investigating delivery of Mechanical Alerts via cell phones Next

11. iIRX and IONX, Potential Synergies • Application Service Providers: • Both companies provide valuable near real-time and historical mechanical information/data to freight car owners and fleet managers for : • improved reliability and safety, (especially for Hazmat cars) • increased revenue service • significant cost savings in maintenance, (proactive vs. reactive) • multiple labor efficiencies Next

12. iIRX and IONX, Potential Synergies • Providing a Single Point of Service: (PCO or railroad car owner) • Customers want to use one software solution for managing as many aspects of their business as possible. • When a PCO receives an Alert event about a car, (derailment, high level InteRRIS Alert, rough handling, incorrect equipment status, poor train handling, etc. Reactive) • location of the car (GPS and Google maps) • direction car is traveling (Railinc data) • loaded (WILD detectors) / unloaded (tare weight via UMLER)) • car type (know modifications if any, A&B via UMLER) • recent InteRRIS wayside detection readings • continued Next

13. iIRX and IONX, Potential Synergies • Providing a Single Point of Service: • When a PCO receives an Alert event about a car, (derailment, high level InteRRIS Alert, rough handling, incorrect equipment status, poor train handling, etc - Reactive) • recent repair history (from historical database) • major component replacement? • manufacturer of component • repairing entity • potential warranty claim • leasing information • lessee • type of service (Hazmat, other special service?) • continued Next

14. iIRX and IONX, Potential Synergies • Providing a Single Point of Service: • When a PCO receives an Alert event about a car, (derailment, high level InteRRIS Alert, rough handling, incorrect equipment status, poor train handling, etc. - Reactive • appropriate and correct action to take based on information available • engage mobile repair truck • route car to nearest contracted repair shop • quickest turn-around time • specified components in stock (owned inventory?) • Griffin/BRENCO/ARI wheel sets (fitted axles) • Premium reconditioned parts • continued Next

15. iIRX and IONX, Potential Synergies • Providing a Single Point of Service: • When a PCO receives an Alert event about a car, (derailment, high level InteRRIS Alert, rough handling, incorrect equipment status, poor train handling, etc. - Reactive) • manage car through repair facility with statuses • receive error-free estimates for approval • require shops to include digital photos • return estimate with digital mechanical drawings • auto approvals based on shop relationship/price • supply valuable work orders for shop floor • effectively reduce time car is in shop • supply shop disposition orders • continued Next

16. iIRX and IONX, Potential Synergies • Providing a Single Point of Service: • Non-emergency scenario – Proactive • comprehensive reporting on all repair history, InteRRIS and IONX data • trend analysis • design effective preventive maintenance programs • auto generated bad actor reports for immediate action • rail car and major component warranty monitoring • mileage integration to know costs per mile by: • lease, customer • car type, car manufacturer • component type, component manufacturer • Not to be continued Next

17. iIRX and IONX, Potential Synergies • Providing a Single Point of Service: IONX and Amsted Rail • Shared industry segments and shared freight railroad customers: railroads, repair shops and PCOs • iIRX services multiple car repair data input (rip tracks, ramps, mobile trucks and repair shops) as well as all Back Office mechanical department functions. • Both iIRX and IONX are committed to stay current with all industry rules and regulations. • Both iIRX and IONX are important tools for Hazmat transportation, and potential TSA involvement • continued Next

18. iIRX and IONX, Potential Synergies • Providing a Single Point of Service: IONX and Amsted Rail • provides valuable detailed information about the locations and performance of Amsted Rail freight car components. • provides valuable detailed information about the locations and performance of competitors’ freight car components Next

19. iIRX and IONX, Potential Synergies • In Conclusion • There are advantages and benefits delivered by each company’s system • There are synergistic advantages and benefits to private car owners, railroads, and repair facilities should an IONX / iIRX relationship be forged. • Thank you for this opportunity • to share this high level look at iIRX, LP Next