CDV CD & L S2

CD&L Repurchases Its Indianapolis Operation SOUTH HACKENSACK, N.J., March 17 /PRNewswire-FirstCall/ -- CD&L, Inc. , one of the nation's leading providers of customized, time- critical delivery services announced that on March 1, 2004, the company had consummated the repurchase of a previously owned courier and distribution operation in Indianapolis, Indiana. The acquisition will support and enhance our business growth opportunities in Indiana. Consideration for the repurchase includes cancellation of a certain note owed by the Seller of approximately $1.6 million plus a three year earn out based on net revenue. CD&L, Inc., based in South Hackensack, N.J., operates 86 facilities in 21 states, with annual revenues of approximately $195,000,000.The Company has over 1,300 employees and utilizes approximately 2,200 independent contractors to provide time-sensitive delivery services to thousands of customers across the country. This press release contains certain forward-looking statements regarding future of the Company. These forward-looking statements include comments on the Company's future business development in the Indianapolis area. These forward-looking statements involve certain risks and uncertainties that may cause the actual events or results to differ materially from those indicated by such forward-looking statements. Potential risks and uncertainties include, without limitation, the risk that revenues and profits of the acquired Company will decrease or fail to improve over historical results, or that the Company's management group will be unable to effectively and profitably integrate the acquired business into CD&L's business or realize operational savings from the combination or that management will be unable to maintain its level of customer services or maintain or increase its market share or that Indianapolis will not continue to be a growing market and may decline or other risks specified in the Company's SEC filings. DATASOURCE: CD&L, Inc. CONTACT: Russell Reardon, CFO of CD&L, Inc., +1-201-487-7740

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