CD&L Repurchases Its Indianapolis Operation
17 Mars 2004 - 3:08PM
PR Newswire (US)
CD&L Repurchases Its Indianapolis Operation SOUTH HACKENSACK,
N.J., March 17 /PRNewswire-FirstCall/ -- CD&L, Inc. , one of
the nation's leading providers of customized, time- critical
delivery services announced that on March 1, 2004, the company had
consummated the repurchase of a previously owned courier and
distribution operation in Indianapolis, Indiana. The acquisition
will support and enhance our business growth opportunities in
Indiana. Consideration for the repurchase includes cancellation of
a certain note owed by the Seller of approximately $1.6 million
plus a three year earn out based on net revenue. CD&L, Inc.,
based in South Hackensack, N.J., operates 86 facilities in 21
states, with annual revenues of approximately $195,000,000.The
Company has over 1,300 employees and utilizes approximately 2,200
independent contractors to provide time-sensitive delivery services
to thousands of customers across the country. This press release
contains certain forward-looking statements regarding future of the
Company. These forward-looking statements include comments on the
Company's future business development in the Indianapolis area.
These forward-looking statements involve certain risks and
uncertainties that may cause the actual events or results to differ
materially from those indicated by such forward-looking statements.
Potential risks and uncertainties include, without limitation, the
risk that revenues and profits of the acquired Company will
decrease or fail to improve over historical results, or that the
Company's management group will be unable to effectively and
profitably integrate the acquired business into CD&L's business
or realize operational savings from the combination or that
management will be unable to maintain its level of customer
services or maintain or increase its market share or that
Indianapolis will not continue to be a growing market and may
decline or other risks specified in the Company's SEC filings.
DATASOURCE: CD&L, Inc. CONTACT: Russell Reardon, CFO of
CD&L, Inc., +1-201-487-7740
Copyright
CD & L S2 (AMEX:CDV)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
CD & L S2 (AMEX:CDV)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about CD & L S2 (American Stock Exchange): 0 recent articles
Plus d'articles sur CD&L,