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Dynamex Announces Changes in Finance Area.


Business Editors

DALLAS--(BUSINESS WIRE)--April 3, 2001

Credit Facility Upgraded by Agent Bank

Dynamex Inc. (AMEX AMEX

See: American Stock Exchange
: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 Jeffrey N. MacDowell, Vice President-Finance and Corporate Development has resigned to join American Capital Strategies, Ltd. (Nasdaq:ACAS ACAS Cardiology A clinical trial–Asymptomatic Carotid Atherosclerosis Study which evaluated the 5-yr risk of fatal and non-fatal stroke-primary outcome in Pts with asymptomatic but severe carotid atherosclerosis. See Carotid stenosis. ), a publicly traded buyout and mezzanine fund A mezzanine fund is a type of private equity or merchant banking fund.

A typical mezzanine investment consists of a debt or debt-like instrument, paired with an equity “sweetener.
, as a principal in its Dallas office.

The Company also announced the promotion of Sharon L. Taylor to Director-Finance and Investor Relations Investor relations

The process by which the corporation communicates with its investors.
 to assume Mr. MacDowell's responsibilities in the areas of bank relations, investor relations and treasury. Ms. Taylor joined Dynamex in January 2001 from Union Pacific Resources where she was Assistant Treasurer in charge of bank relations with UPR's approximately 25 banks. Prior to joining UPR UPR Upper
UPR University of Puerto Rico
UPR Universal Periodic Review (UN Human Rights Council)
UPR Unia Polityki Realnej (Polish political party)
UPR unfolded protein response
, Ms. Taylor was Vice President-Controller of United LP Gas Corporation, a privately held, energy marketing company with over $100 million in revenue.

Mr. MacDowell commented, "This was a very difficult decision in light of our accomplishments at Dynamex over the past two years and the opportunity for growth to leverage the Company's infrastructure of systems and people in the near future. However, I leave my responsibilities in capable hands and with confidence that Dynamex will capitalize on its unique market position in the same-day transportation and logistics industry."

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. , said, "During his tenure at Dynamex Jeff made many valuable contributions and we wish him well. One of the most important was the organization and development of a great team in the Finance, Treasury and Investor Relations area. And that team is very capable of executing on a go forward basis."

Dynamex also announced that Bank of America
See also:  and


Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world.
, the agent bank on its $50 million credit facility, upgraded the Company's loan and transferred the credit out of the bank's Special Assets Division. Bank One, another of the Company's five banks, also recently took similar action.

Dynamex is a leading provider of same-day delivery and logistics services in the United States and Canada. Additional press releases and investor relations information as well as the Company's internet e-commerce services package, dxNow(TM), are available at www.dynamex.com and www.dxnow.com.

American Capital is a publicly traded buyout and mezzanine fund with capital resources exceeding $750 million. American Capital generally invests $5 million to $30 million in middle market companies. American Capital is an equity partner in management and employee buyouts; invests in debt and equity of companies led by private equity firms, and provides capital directly to private and small public companies. American Capital funds growth, acquisitions and recapitalizations.

This release contains forward-looking statements which 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. 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.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Apr 3, 2001
Words:487
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