CDV CD & L S2

CD & L, Inc. Announces Delay in Filing Form 10-K SOUTH HACKENSACK, N.J., March 31 /PRNewswire-FirstCall/ -- CD&L, Inc. announced today that it has applied to extend the filing of its Annual Report on Form 10-K with the Securities and Exchange Commission until April 14, 2004. The delay in filing is principally attributable to the Company's current efforts to restructure and/or obtain waivers from its senior subordinated lenders with respect to certain financial covenants. Certain statements in this news release may be "forward-looking statements" within the meaning of Section 27A of the Securities and Exchange Act of 1933. These forward-looking statements include comments on when CD&L will file its Form 10-K and comments on attempts by CD&L to restructure and/or obtain waivers of certain financial covenants from its senior subordinated lenders. Statements regarding future developments are based upon current expectations and involve certain risks and uncertainties that could cause actual results and developments to differ materially from the forward-looking statements. Potential risks include the risk that CD&L will be unable to file its annual report on Form 10-K by April 14, 2004 or that the Company will be unable torestructure and/or obtain waivers of certain financial covenants from its senior subordinated lenders as well as 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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