Consignia Buys Leading Financial Distribution Company

Consignia Buys Leading Financial Distribution Company This press release is transmitted on behalf of Consignia. Consignia announced today that it has acquired City & Financial International (CFI), which specialises in research distribution. CFI has operations in key business districts across Europe, the Asia-Pacific region, and in New York. CFI will operate as part of the Citipost Group, which itself was bought by Consignia in 1999. John Modd, Managing Director of Consignia’s International Services, said: “Our strategy is to make investments which enhance services for all our customers across the globe. CFI runs a well-established and robust delivery network, which is particularly strong in Southern Europe and Asia, supported by a management team committed to providing excellent customer service at all levels. Bringing together CFI with Citipost provides a great opportunity for leadership in the extremely important market of financial research distribution.” Richard Trayford, Citipost’s Chief Executive, said: “The acquisition of CFI will enable us to ensure greater control over our delivery network to a number of key destinations where CFI has established its own operational units. I am sure that customers of both Citipost and CFI will be delighted with the enhanced service range which will be offered as a result of the merger of our two companies.” Established in 1987, CFI has expanded rapidly, earning itself the reputation of one of the world’s leading organisations for the delivery of financial research material. Mark Haynes, Chairman of CFI, said: “There are clear synergies between the services offered by ourselves and the Citipost Group. We recognised that to provide the best service for our customers, we needed to ally ourselves with a significant player in the international market. We are delighted that by becoming a part of the Citipost Group, we are also a part of Consignia, one of the world’s most important mailing companies.” Notes to Editors:
Established in 1991, Citipost has expanded to provide financial research and express next day document delivery services in the central business districts of major US cities. It has offices across the United States. In addition, the company has its own operations in Canada, Europe and the Pacific Rim, providing a global delivery capability. CFI specialises in the financial research distribution servicing customers requiring both local and global delivery. CFI has operations units in key financial centres including London, Madrid, Paris, Lisbon, Frankfurt, Zurich, New York, Hong Kong, Singapore and Tokyo. UNS Contact: Consignia plc Group Communications Tel:
020 7250 2468 (24 Hours) See http://www.consignia.com ends/mw 191559 nov 01