1st September 2008

DX Group Ltd ("DX"), the leading independant mail and courier company in the UK and Ireland, today announced its acquisition of the trade and assets of the following operations from Business Direct Limited and Business Direct Group plc:

In-Night – a national infrastructure to provide secure parcel logistics, primarily supporting field based engineers, through:

• The ParcelXchange (“PX”) – a nationwide “virtual depot” network of over 4,000 fully automated intelligent drop boxes
• In-Boot – collection and deliveries direct to a field engineer’s vehicle
• PUDO – Pick Up Drop Off, the collection and return of spare parts via manned third party locations
  

PX Worldwide Licensing – the licensing of the PX technology to interested parties.

For DX, the acquisition of these operations represents the opportunity to:

• become a leading player in the adjacent service management market
• develop the services available to In-Night customers from the integration of aspects of the these operations with existing DX operations
• use the secure PX network to extend the services we offer to existing DX Group customers
• market the PX concept internationally via licensing arrangements
• develop the emerging potential for extending the PX concept to service the rapidly expanding B2C market

Terms of the acquisition have not been disclosed.

Commenting on the acquisition, John Coghlan, CEO of DX Group said:

“The Management of Business Direct Group has over the last 18 months successfully refocused the operations of the In-Night division resulting in significantly increased growth rates and, in parallel, achieved the first concrete sale of the PX technology to a third party. The acquisition of these operations by DX Group provides a stable financial platform, resolving current working capital constraints. We look forward to working with Business Direct Group employees to expand and upgrade the service for existing and potential customers to secure future business growth.”

Information on DX Group

The DX Group as it is constituted today was formed in September 2006, from the merger of DX Services plc and Secure Mail Services Ltd. DX Group Ltd achieved sales of £175m in the past financial year and is the leading independent mail and parcel company in the UK and Ireland providing a range of services and products in both the B2C and B2B markets. DX Group operates from over 50 locations throughout the UK and Ireland through which 1m items a day are handled by 1700 employees and 1800 contractors and owner drivers.

Media Enquiries

Rebecca Wright
PR & Campaigns Manager
DX Group
Direct: 01753 631773
Mobile: 07771 824438
Email: rebecca.wright@thedx.co.uk