HOUSTON, July 27 /PRNewswire/ -- Eagle USA Airfreight, Inc.
(Nasdaq: EUSA), today announced that its Board of Directors has declared a
three-for-two split of the Company's outstanding shares of common stock.
The stock split will be effected in the form of a stock dividend and will
entitle each shareholder of record on August 23, 1999 to receive one
additional share for every two shares of Eagle USA's common stock held on the
record date. Fractional shares will be paid in cash. The stock split will be
distributed on August 30, 1999. As of June 30, 1999, Eagle USA has
19,030,774 common shares outstanding (net of 558,558 treasury shares). After
the split, the number of shares outstanding will increase to approximately
28,546,161.
Eagle USA Airfreight'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. The Company's network of 78 terminals in eight countries features
state-of-the-art information systems designed to maximize cargo management
efficiency and customer satisfaction. The Company's shares are traded on the
Nasdaq National Market under the symbol "EUSA".
SOURCE Eagle USA Airfreight, Inc.
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CONTACT:
Douglas A. Seckel, Chief Financial Officer
281-618-3420, or Mike Slaughter, Investor Relations,
281-618-3428, both of Eagle USA
NOTE TO EDITORS: For more information about EUSA: Visit EUSA on
the Internet at http://www.eagleusa.com or contact EUSA Investor
Relations via the Internet at mslaught@eagleusa.com , or by
telephone at 281-618-3428, Michael Slaughter, Director of
Investor Relations
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