HOUSTON, Jan. 16 /PRNewswire/ -- Eagle USA Airfreight, Inc.
(Nasdaq/NMS: EUSA), reported today that it has signed a letter of intent to
acquire 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.  Total revenues for
S. Boardman were approximately $25 million in the twelve-month period ended
March 31, 1997.
    The completion of the acquisition of S. Boardman would provide Eagle USA
with its first company-owned overseas facilities.  The majority owner of S.
Boardman, Philip Bartlett, together with shareholders David Cantrell, Martin
Jackson and Paul Judge, are expected to 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.
    Under the terms of the letter of intent, Eagle USA will acquire all of the
outstanding stock of S. Boardman.  Eagle USA will pay an undisclosed cash sum
and a three-year contingent cash earnout if certain performance benchmarks are
met.  Completion of the acquisition will be subject to further due diligence,
approval of Eagle USA's board of directors, the negotiation and execution of a
definitive purchase agreement, regulatory approvals, and other customary
closing conditions.
    Eagle USA Airfreight is a leading provider of air freight forwarding and
other transportation and logistics services.
    The statements in this press release regarding the completion of the
acquisition of S. Boardman (Air Services) Limited and Subsidiaries or any
effects, 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 or
more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual outcomes may vary materially from those
indicated.  There can be no assurance that the proposed acquisition will be
consummated on the terms described above, or at all.

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