Dynamex Expands Presence In Ontario Through Licensing Agreement With Elite Expediting.Business Editors 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 a new licensing agreement between its subsidiary Dynamex Canada Corp. and Ontario based Elite Expediting, a leading provider of freight forwarding, warehousing, and parcel logistics services. The agreement is expected to generate revenues valued at approximately CAD $2.2 million annually and will significantly expand and benefit the Dynamex premium freight expediting services. "This agreement is part of an aggressive ongoing strategy by Dynamex designed to expand operations and solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. the company's position as a leading provider of same-day delivery and logistics services in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market," says Jim Aitken Jim Aitken played rugby union at loose head prop for the Scotland national rugby union team, 1977-84. He earned 24 caps and captained the Scottish Grand Slam side in 1984. He is now a highly successful businessmen but retains his passion for Scottish rugby. , Vice President, General Manager, Canada. "This will be a win-win relationship for the existing Elite customers and Dynamex as we continue to expand our Canadian operations." Former Elite Expediting owner Brent Groh is looking forward to the transition. "This is a great opportunity. The Dynamex reputation ensures the same high quality service my customers have come to expect as well as offering expanded services, increased equipment and advanced technology," said Groh. ABOUT DYNAMEX 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 of dxNow(TM), is available at www.dynamex.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, the effect of changing economic conditions, acquisition strategy, competition, foreign exchange, the ability to meet the terms of current borrowing arrangements, 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 occurring after the date hereof 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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