To: StocksMTTM who wrote (53960 ) 2/9/1999 6:31:00 PM From: MoneyMade Read Replies (2) | Respond to of 119973
CDLI---news, SIMC/DELL news.....small float, FLX 4000 soon released, merger announced what more could you ask for! Also, look at CDLI! CD&L to Enter Fast-Growing Internet, Catalog Shopping Sector; Will Supply Essential Customer Delivery Services PR Newswire - February 09, 1999 13:37 CLIFTON, N.J., Feb. 9 /PRNewswire/ -- Consolidated Delivery and Logistics, Inc. (Nasdaq: CDLI) announced today it plans to aggressively expand its residential delivery operations in response to the explosive growth in Internet and catalog shopping. CD&L will begin this expansion early in 1999, offering alternative transportation solutions to Internet and catalog companies in specific cities where the company presently performs home deliveries. "The strategy will be to provide a customized service for the growing number of deliveries going to individual homes as a result of the nationwide explosion in Internet purchasing. Customers and shippers are eagerly looking for speedier, more efficient alternatives to carriers that currently provide this type of service. We believe we can offer economic and service advantages to businesses selling over the Internet and through catalogs," said Albert W. Van Ness, Jr., chairman and chief executive officer. "Presently, CD&L provides home delivery service for many direct-sell companies and catalog shoppers in specific markets. This new initiative will be a natural extension of our current operations in these markets," said William T. Brannan, president and chief operating officer of the company. "We believe the growth in e-commerce and purchases made over the Internet will provide the volume and density needed to expand our geographic coverage," he added. Consolidated Delivery & Logistics, Inc. headquartered in Clifton, New Jersey is a full service, same day ground and air delivery and logistics company with 70 offices in 24 states and the District of Columbia. The Company has nearly 4,000 employees and utilizes over 1,000 independent contractors to provide time sensitive delivery services to thousands of businesses. This press release contains certain forward-looking statements regarding future events or the future financial performance of the Company. These forward-looking statements include comments on the Company's future business development. 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 providing expanded residential delivery service for Internet, catalog and e-mail purchases will not be profitable for the Company or that the Company will be unable to provide the economic and service advantages contemplated by the Company's business management strategy or other risks specified in the Company's SEC filings. SOURCE Consolidated Delivery & Logistics, Inc. /CONTACT: Drew Kronick, Vice President of Consolidated Delivery & Logistics, 973-471-1005; or Joel Pomerantz of The Dilenschneider Group, 212-922-0900, for Consolidated Delivery & Logistics/ (CDLI) Headlines Next Story