FedEx Kinko’s Escalates China Expansion Efforts
Twelve New Locations Scheduled to Open by June 2008
BEIJING August 6, 2007 -- FedEx Kinko’s Office and Print Services, Inc. ("FedEx Kinko’s"), an operating company of FedEx Corp. (NYSE: FDX), today announced its plan to open 12 new locations in China by June 2008 to meet burgeoning demand among small and medium enterprises (SMEs) and mobile professionals in the country.
Currently, FedEx Kinko’s has more than 1,700 locations in operation today with 159 outside the United States. The expansion in China, part of a worldwide plan to open 320 new locations within this fiscal year, will include six new locations in Beijing, five new locations in Shanghai and one new location in south China.
“We anticipate opening the equivalent of one new location every business day over the 2008 fiscal year,” said Ken May, president and chief executive officer of FedEx Kinko’s. “And with more centers around the world, we’re making it easier than ever for customers to get the office, printing and shipping services they need in one stop.”
FedEx Kinko’s office and print services complement the full range of FedEx time-definite global express shipping services and are designed with SMEs and the mobile professional in mind. “The SME is the heart of China’s future economic expansion, and the mobile professionals are the arms and legs – and FedEx Kinko's is precisely placed to support, and benefit from, that growth,” said James Brigance, vice president, FedEx Kinko’s Asia Pacific. “We aim to become the back office for small businesses and the branch office for mobile professionals.”
According to the 2005 SME Development Report, jointly conducted by China Statistics Bureau and the State Development and Reform Committee, SMEs account for more than 99% of China’s total enterprises, contribute to 55% of the country’s GDP, and employ 75% of the workforce in cities and towns.
About FedEx Kinko’s in China
There are currently 14 FedEx Kinko’s locations in China including centers in Beijing, Shanghai, Guangzhou and Shenzhen providing customers with increased access to FedEx services and business solutions, such as:
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FedEx Kinko’s Document Services – Customers can take advantage of high quality digital printing and copying services through any digitally connected locations
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FedEx Kinko’s DocStore – Customers can update frequently printed documents on the own computers, and transmit them to FedEx Kinko’s locations for printing and distribution in the quantities they need, when they need it
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FedEx Kinko’s Business Stationery Print System – A service that allows customers to manage, order and distribute business cards and stationery using online tools
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FedEx Kinko’s Mobile Professional Program – A special service giving traveling professionals access to FedEx Kinko’s digitally-connected locations 24 hours a day, seven days a week.
About FedEx Kinko’s Office and Print Services
FedEx Kinko's Office and Print Services is the world's leading provider of document solutions and business services. The Dallas-based company has a global network of more than 1,700 digitally-connected locations in 11 countries. FedEx Kinko’s offers access to copying and digital printing, professional finishing, document creation, Internet access, computer rentals, videoconferencing, signs and graphics, notary, direct mail, office products, Web-based printing, and the full range of FedEx day-definite ground shipping and time-definite global express shipping services. For more information, please visit www.fedexkinkos.com. Products, services and hours vary by location.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $35 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 280,000 employees and contractors to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.van.fedex.com. |
