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March 1, 2000

Federal Express Launches Special Program for Small Customers

FedEx appointed "Official Air Carrier" for the World Summit on Small Business in Singapore

SINGAPORE, March 1, 2000 - Federal Express Corp. (FedEx), the world's largest express transportation company, has been appointed the 'official air express carrier' for the World Summit on Small Business. Hosted by the Association of Small and Medium Enterprises (ASME), the Summit takes place from March 29 to 31, 2000, at the Singapore International Convention and Exhibition Centre (SICEC).

"Sponsoring the World Summit on Small Business was a natural choice for us. With the advent of the Internet and e-commerce, small companies can now compete with large businesses on a more level playing field. FedEx is well positioned to be a one-stop solutions provider for these small and medium enterprises. With our combined air, ground and transportation network, we are able to help SMEs compete with the large multi-nationals by enabling them greater access to global markets and making it easier for them to transform themselves into e-businesses," said Malcolm Sullivan, Managing Director for FedEx Marketing, South Pacific. Mr. Sullivan will be delivering a keynote address on "E-Commerce for Small and Medium-sized Enterprises" at the Summit on March 30th.

As part of its marketing initiative to become the carrier of choice for small customers, particularly in Singapore, FedEx also launched the Personal Shipper Account Program (PSA) today. Individuals and small customers looking for greater convenience and flexibility in their international express shipments can now ship their documents and packages from home to any of the 210 countries FedEx serves and charge theses shipments to their Visa/Mastercard/AMEX/JCB and Diners Club cards.

Explaining the program, Mr. Sullivan said, "This value-added service is another option that we are offering our customers. Last September, we extended our network of FedEx Authorized Ship Centers into Mail Boxes Etc (MBE) retail outlets, located in Suntec City and Nee Soon. This was a move to make our services more accessible to small companies and individual customers. The PSA program that we are launching today moves us one step further in developing a comprehensive program for SMEs."

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