Eagle USA Increases Repurchase Program by 500,000 Shares
HOUSTON, Oct. 14 /PRNewswire/ -- Eagle USA Airfreight, Inc. (Nasdaq: EUSA - news), today announced that its Board of Directors has authorized the Company to repurchase an additional 500,000 shares of its outstanding common stock. These shares are in addition to the previously authorized repurchase of 500,000 shares, of which 433,200 shares had been repurchased as of Oct. 13, 1998. Eagle USA expects such repurchases to be effected from time to time, in the open market or in private transactions, subject to market conditions. The Board of Directors may authorize additional repurchases of its outstanding common stock in the future.
Eagle USA Airfreight's dedication to providing superior flexibility and fewer shipping restrictions on a price competitive basis has made it a leading provider of airfreight forwarding and other transportation and logistics services. Its network of 72 terminals features state-of-the-art information systems to maximize cargo management efficiency and customer satisfaction. The Company's shares are traded on the NASDAQ National Market under the symbol ''EUSA.''
For more information about EUSA: Visit EUSA on the Internet at eagleusa.com Contact EUSA Investor Relations via the Internet at mslaught@eagleusa.com or by telephone at 281-618-3428, Michael Slaughter, Director of Investor Relations.
SOURCE: Eagle USA Airfreight, Inc. |
