Bergen Brunswig Announces Exclusive Logistics Partnership With EGL, Inc.Business Editors ORANGE, Calif.--(BUSINESS WIRE)--July 27, 2000 Bergen Brunswig Drug Company (BBDC BBDC Brantley Capital Corporation (Cleveland, OH) BBDC before bottom dead center (referring to a piston in a engine) BBDC Banting and Best Diabetes Centre BBDC Beijing Benz-DaimlerChrysler Automotive Co, Ltd ), a subsidiary of Bergen Brunswig Corporation (NYSE NYSE See: New York Stock Exchange : BBC BBC in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. ), today announced an exclusive agreement under which EGL EGL Enterprise Generation Language (IBM) EGL European Gemological Laboratory EGL Elegant Gothic Lolita (Japanese fashion) EGL Energy Grade Line EGL Eagle Global Logistics, Inc. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :EAGL EAGL East Atlantic Gymnastics League (College Park, MD) ), the nation's largest and fastest growing domestic air freight forwarder, will provide Bergen with logistics and transportation services. Available to Bergen is an innovative logistical concept that will enable Bergen to significantly decrease the costs and risks associated with transporting goods while improving supply chain management. "We are confident that a partnership with Eagle will enhance our ability to reduce carrying costs of inventory by speeding the time to market and apply a time-definite approach for our vendors and customers," said Brent Martini, president, Bergen Brunswig Drug Company. "We were looking for a model to help us manage transportation costs and give us visibility and control over our supply chain and we believe we have found it with Eagle." Added EGL Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. James R. Crane, "This relationship with Bergen Brunswig underscores EGL's growing capability in providing logistics services to a wide range of its customers." Houston-based EGL operates under the name EGL Eagle Global Logistics. EGL'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 92 terminals in nine countries, features state-of-the-art information systems designed to maximize cargo management efficiency and customer satisfaction. It's fiscal revenues totaled more than $595 million. The company's shares are traded on the NASDAQ National Market under the symbol "EAGL." Bergen Brunswig Corporation, headquartered in Orange County, California Orange County is a county in Southern California, United States. Its county seat is Santa Ana. According to the 2000 Census, its population was 2,846,289, making it the second most populous county in the state of California, and the fifth most populous in the United States. , is a leading supplier of pharmaceuticals, medical-surgical supplies and specialty healthcare products as well as information management solutions and consulting services. Bergen's customers include the nation's healthcare providers (hospitals, nursing homes, physicians), drug stores, manufacturers and patients. Through its subsidiaries, Bergen provides product distribution; logistics; pharmacy management programs; and Internet fulfillment strategies designed to reduce costs and improve patient outcomes across the entire healthcare spectrum. Certain of the information set forth in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those projected or implied. Such statements may be identified by the use of forward-looking language such as "may," "will," "should," "expect," "anticipate," "estimate" or "continue" or the negatives or other variations thereof or other similar terminology. Such risks and uncertainties include the risks described in exhibit 99 to the Company's Quarterly Report on Form 10Q for the quarter ended June 30, 1999 and in other reports and exhibits filed with the Securities and Exchange Commission. Bergen Brunswig press releases are available on the company's website at www.bergenbrunswig.com. |
|

Printer friendly
Cite/link
Email
Feedback
Reader Opinion