CAI International, Inc. Congratulates Its Executive Chairman, Hiromitsu Ogawa, as the Recipient of the Ernst & Young Northern California Entrepreneur of the Year Award for Business Services


SAN FRANCISCO, June 23, 2008 (PRIME NEWSWIRE) -- CAI International, Inc. (CAI) (NYSE:CAP) congratulates its Executive Chairman, Hiromitsu Ogawa, as the winner of the Ernst & Young Northern California Entrepreneur of the Year for Business Services. The award recognizes Mr. Ogawa's lifetime achievement and contribution to the development of CAI International, the container leasing industry, as well as his contributions to the entrepreneurial community in Northern California. Mr. Ogawa was selected among 100 candidates in the Northern California region and will now be eligible for the Ernst and Young National Entrepreneurial Award.

Masaaki (John) Nishibori, CEO of CAI International, commented, "Mr. Ogawa has been a leader in the development of the container leasing industry and to CAI. His focus on customer relationships and dedication to customer service remains an example that guides me and the rest of the associates at CAI. This is an award that recognizes Mr. Ogawa's past efforts as the founder of CAI, as well as all the contributions by our people into making CAI the established company it is today. We congratulate Mr. Ogawa on a well deserved award and thank him for his long-standing dedication to our company and industry."

About CAI International, Inc.

CAI is one of the world's leading managers and lessors of intermodal freight containers. As of March 31, 2008, the company operated a worldwide fleet of 773,000 TEU of containers through 10 offices located in 8 countries.

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