HOUSTON, Oct. 14 /PRNewswire/ -- Eagle USA Airfreight, Inc.
(Nasdaq: EUSA), today announced that its Board of Directors has authorized the
Company to repurchase an additional 500,000 shares of its outstanding common
stock. These shares are in addition to the previously authorized repurchase
of 500,000 shares, of which 433,200 shares had been repurchased as of Oct. 13,
1998. Eagle USA expects such repurchases to be effected from time to time, in
the open market or in private transactions, subject to market conditions. The
Board of Directors may authorize additional repurchases of its outstanding
common stock in the future.
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. Its network of 72 terminals features state-of-the-art information
systems to maximize cargo management efficiency and customer satisfaction.
The Company's shares are traded on the NASDAQ National Market under the symbol
"EUSA."
For more information about EUSA:
Visit EUSA on the Internet at http://www.eagleusa.com
Contact EUSA Investor Relations via the Internet at mslaught@eagleusa.com
or by telephone at 281-618-3428, Michael Slaughter, Director of Investor
Relations.
SOURCE Eagle USA Airfreight, Inc.
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Related links:
http://www.eagleusa.com
CONTACT:
Douglas A. Seckel, Chief Financial Officer,
281-618-3420, or Mike Slaughter, Investor Relations,
281-618-3428, both of Eagle USA Airfreight, Inc.
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