HOUSTON, April 14 /PRNewswire/ -- Eagle USA Airfreight, Inc.
(Nasdaq: EUSA), one of the nation's largest and fastest growing domestic air
freight forwarders, announced today the completion of its acquisition of
S. Boardman (Air Services) Limited and Subsidiaries (S. Boardman), a
privately-held full service freight forwarder based in London, England.
S. Boardman serves the international freight forwarding market from three
facilities in London, Manchester and Birmingham, England.  For the twelve-
month period ended March 31, 1997, total revenues for S. Boardman were
approximately $25 million and revenues excluding customs, duties and value
added taxes were approximately $13 million.
    "After working together successfully for over two years as our U.K. agent,
we are confident that the acquisition will be seamless and will result in a
solid strategic base as we continue our aggressive foreign expansion.  London
gives us a strategic foothold into all of Europe both as an office and as a
gateway operation," said James R. Crane, Chairman and Chief Executive Officer
at Eagle USA Airfreight.  S. Boardman represents the first Eagle USA company-
owned overseas facilities.
    The majority owner of S. Boardman, Philip Bartlett, together with
shareholders David Cantrell, Martin Jackson and Paul Judge, will continue to
head up the acquired company, which will operate as a subsidiary of Eagle USA
Airfreight Inc.  Eagle USA will also seek to retain all of the employees of
S. Boardman.
    Eagle USA paid an undisclosed sum of cash and acquired all of the
outstanding stock of S. Boardman.  There will also be a three-year contingent
cash earnout if certain performance benchmarks are met.  The Company expects
the acquisition to be accretive to earnings per share in the future.
    The statements in this press release regarding the effects of the
acquisition of S. Boardman (Air Services) Limited and Subsidiaries (including
accretion to earnings per share), benefits, results, terms or other aspects of
the acquisition, retention of employees or management and other statements
which are not historical facts are forward-looking statements.  Such
statements involve risks and uncertainties, including, but not limited to,
acquisition-related risks, risks of international operations, competition,
general economic conditions and ability to manage growth and other factors
detailed elsewhere in Company filings with the Securities and Exchange
Commission.  Should one more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual outcomes may vary
materially from those indicated.