Deutsche Post's Acquisition of Air Express International Clears U.S. Regulatory Approvals

Jan 05, 2000, 00:00 ET from Deutsche Post AG

    FRANKFURT, Germany and DARIEN, Conn., Jan. 5 /PRNewswire/ -- Deutsche Post
 AG and Air Express International Corporation (Nasdaq:   AEIC) announced today
 that Deutsche Post's acquisition of Air Express International Corporation has
 received all required U.S. regulatory approvals.
     Clearance of the acquisition under the European Commission's antitrust
 regulations is the only significant remaining regulatory approval.  Deutsche
 Post and AEI are hopeful that European Commission clearance will be obtained
 by early February.  However, no assurances can be given.
     On November 19, 1999, Deutsche Post commenced an offer to purchase all
 outstanding shares of AEI.  The expiration date (and withdrawal rights) for
 the offer to purchase is 12:00 midnight, New York City time, on Wednesday,
 February 9, 2000, unless the offer is extended.
     For additional information, please contact Deutsche Banc Alex. Brown, the
 Dealer Manager for the offer, at 212-250-6000 (call collect) or Georgeson
 Shareholder Communications Inc., the Information Agent, at 800-223-2064.

SOURCE Deutsche Post AG