CEVA Newsfast and Smiths News to extend collaboration to include final mile delivery and reverse logistics services
09 June 2008 - 18:10 CET
ASHBY DE LA ZOUCH, 9 June 2008. CEVA Newsfast and Smiths News, both leading network innovators operating across a range of industry sectors, today announced plans to extend their ongoing collaboration with the objective of leveraging the respective capabilities of the two businesses, their complementary systems, service offerings, and operational infrastructures.
CEVA Newsfast and Smiths News will jointly be targeting a wide range of industry sectors, offering added value in end-to-end supply chain solutions building on their successful cooperation delivering Christmas hampers last year. Services to be marketed include final-mile delivery of consumer products to independent and convenience stores as well as integrated reverse logistics services for book and media products.
CEVA Newsfast operates a 24/7 national warehousing and primary transport network from 18 strategic sites in the UK, while Smiths News runs 44 local warehouses and a van delivery network serving up to 22,000 customers every day across a number of regions in England and Wales.
About CEVA Newsfast
CEVA Newsfast is the specialist arm of CEVA Logistics serving the publishing, media, mail, and consumer & retail sectors. CEVA Logistics is one of the leading global supply chain management companies, providing end-to-end design, implementation and operational solutions in contract logistics and freight forwarding to large and medium-sized national and multinational companies. CEVA Logistics employs over 54,000 people and runs an extensive global network with facilities in over 100 countries. The company had pro-forma revenues of EUR 6.3 billion in 2007 following the merger with EGL in August of that year.
About Smiths News
Smiths News is the UK's leading wholesaler of newspapers and magazines, delivering 59 million publications to 22,000 customers every week. Employing 4,100 staff, Smiths News has an approximate 40% share of the magazine wholesaling sector and an approximate 35% share of the newspaper wholesaling sector in the UK. The company had revenues of £1.2bn in 2007.
For further information please contact:
CEVA Newsfast:
David Bermingham
Managing Director
Tel: +44 (0)1530 568801
david.bermingham@cevalogistics.com
Smiths News:
Giles Croot / Kate Holgate
Brunswick
Tel: +44 (0) 20 7404 5959
smithsnews@brunswickgroup.com
CEVA. Making Business Flow
CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight forwarding to large and medium-sized national and multinational companies. CEVA employs 54,000 people and runs an extensive global network with facilities in over 100 countries. Following the merger with EGL in August 2007, the new combined company had pro forma sales of € 6.3 billion. For more information, please visit http://www.cevalogistics.com/.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT of 1995:
The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the process of combining EGL and CEVA, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic climate in Asia and the US, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of integrating recently acquired businesses and future business combination or dispositions and other factors detailed in risk factors and elsewhere in CEVA and EGL's most recent Annual Reports, including but not restricted to the EGL Annual Report on Form 10-K. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize (or the consequences of such a development worsen), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. EGL and CEVA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
