Dynamex Announces Canadian Licensing Agreement.Business Editors & High-Tech Writers DALLAS--(BUSINESS WIRE)--Nov. 1, 2001 Dynamex Inc. (Amex:DDN (Defense Data Network) An Internet-based global communications network created by the U.S. Department of Defense. In April 1996, users were moved to the more modern Defense Information Systems Network (DISN) made up of NIPRnet (Non-classified IP Router Network) and ), a leading provider of same-day delivery and logistics services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada, today announced the signing of a licensing agreement between its subsidiary Dynamex Canada Inc. and Rapidex Courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. in Quebec City, Canada. Under the licensing agreement Dynamex Canada Inc. is granted the exclusive right to provide same-day ground courier and related services to customers who are currently receiving these services from Rapidex Courier in the Quebec City area. The agreement will significantly enhance Dynamex' presence in Quebec City, as well as the Province of Quebec and will generate revenues of approximately CAD CAD: see computer-aided design. (Computer-Aided Design) Using computers to design products. CAD systems are high-speed workstations or desktop computers with CAD software. $3 million annually that will immediately increase profitability. Rapidex Courier was formerly a fully integrated Service Partner of Dynamex and supported Dynamex requirements in the Quebec City area. As an integrated service partner, Dynamex hosted Rapidex' computer systems and provided access to dxNow.com -- Dynamex' industry leading web-based solution for Same Day Time Critical Delivery. Commenting on the transaction, Rick McClelland, 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. of Dynamex, stated, "We are excited about increasing our customer base through this licensing agreement. Given the existing systems integration, this transaction will be seamless in terms of customer service and operational and financial control. We have a strong commitment to expansion in this region and we intend to aggressively grow our business through similar agreements and quality customer care and service." Dynamex is a leading provider of same-day delivery and logistics services in the United States and Canada. Additional press releases and investor relations Investor relations The process by which the corporation communicates with its investors. information as well as the Company's internet e-commerce services package, dxNow(TM), is available at www.dynamex.com and www.dxnow.com. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve assumptions regarding Company operations and future prospects. Although the Company believes its expectations are based on reasonable assumptions, such statements are subject to risk and uncertainty, including, among other things, acquisition strategy, competition, foreign exchange, economic growth, and risks associated with the local delivery industry. These and other risks are mentioned from time to time in the Company's filings with the Securities and Exchange Commission. In light of such risks and uncertainties, the Company's actual results could differ materially from such forward-looking statements. The Company does not undertake any obligation to publicly release any revision to any forward-looking statements contained herein to reflect events and circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or occurring after the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" or to reflect the occurrence of unanticipated events. Caution should be taken that these factors could cause the actual results to differ from those stated or implied in this and other Company communications. |
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