ADDING MULTIMEDIA FedEx Rebrands Kinko's: FedEx Kinko's Office and Print Center; Full Range of FedEx Express and FedEx Ground Services Available During Third Quarter of Calendar Year 2004

Frederick W. Smith, chairman, president and CEO, FedEx Corp., and Gary M. Kusin, president and CEO, FedEx Kinko's Office and Print Services, unveil the new brand identity for Kinko's retail locations - FedEx Kinko's Office and Print Centers - to more than 500 employees at an event in Dallas on Monday morning.

DALLAS--()--April 26, 2004--FedEx Corp. (NYSE: FDX) today unveiled the new brand identity for recently acquired Kinko's retail locations--FedEx Kinko's Office and Print Center. Frederick W. Smith, chairman, president and chief executive officer of FedEx Corp., and Gary M. Kusin, president and chief executive officer of FedEx Kinko's Office and Print Services--the new FedEx operating company name--presented the new brand to more than 500 team members and employees at an event in Dallas this morning.

FedEx also announced a timetable for the rollout of services at the newly-named stores. During the third quarter of calendar year 2004, the full range of FedEx day-definite ground and time-definite global express services will be available at all U.S. locations. In addition, during the fourth quarter of calendar year 2004, FedEx will offer customers' access to FedEx Consolidated Returns(TM) service, a powerful resource that helps e-tailers cost-effectively handle returns. Finally, the company said that stores are planning to offer complete "pack-and-ship" capabilities to customers in time for the peak holiday season.

"This new brand leverages the historical strengths of both companies while powerfully redefining the future of the business services marketplace," Smith said. "The FedEx Kinko's Office and Print Center brand will serve as a beacon to businesses large and small searching for a total business solutions center."

FedEx Kinko's Office and Print Centers create a "one-stop" resource offering the industry's broadest range of business services including copying and printing services, the full range of FedEx day-definite ground shipping and time-definite global express shipping services, video conferencing, high-speed wireless and wired Internet access, and computer usage.

"Our rapid service expansion speaks to the power of the can-do cultures of both FedEx and Kinko's," Kusin said. "Together, we are now at the leading edge of business trends like digital document management, providing an 'office on the road' for mobile professionals and corporate document management, which are changing the way business is done in the global marketplace."

The new logo contains a colorful brand icon that represents the collection of FedEx services available at these locations--orange for the time-definite global express shipping services, green for the day-definite ground shipping services, and blue for the new retail business service centers. At the heart of the icon, where the three colors converge, is purple, which symbolizes the can-do spirit shared by all FedEx companies.

For more information about FedEx Kinko's Office and Print Center or to download images, please visit http://fedex.com/us/about/news/update/officeprint.html.

About FedEx

FedEx Corp. provides customers and businesses worldwide with the broadest portfolio of transportation, e-commerce and business services. With annual revenues of $25 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 240,000 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 fedex.com.

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. Its global network of more than 20,000 team members and 1,200 digitally-connected locations offers access to technology for color printing, finishing and presentation services, Internet access, videoconferencing, outsourcing, managed services, Web-based printing, document management solutions and the full range of FedEx day-definite ground shipping and time-definite global express shipping services. Dallas-based FedEx Kinko's Office and Print Services has locations in 10 countries. For more information, please visit www.kinkos.com. Products, services and hours vary by location.

Certain statements in this press release may be considered forward-looking statements, such as statements relating to management's views with respect to the availability of new service offerings. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, any impacts on the company's business resulting from the timing, speed and magnitude of the U.S. domestic economic recovery, our ability to effectively operate, integrate and leverage the Kinko's business and other factors which can be found in FedEx Corp.'s and its subsidiaries' press releases and filings with the SEC.

EDITOR'S NOTE: A b-roll package, including employee event footage, sound bites and brand unveiling, will be distributed:

Monday, April 26, 2004

3:00-3:15 p.m. EDT: AMC 3/ Transponder 4 (c), Downlink Frequency: 3780 (v)

7:00-7:15 p.m. EDT: Telstar 6/Transponder 15 (c), Downlink Frequency: 4000 (v)

Tuesday, April 27, 2004

10:00-10:30 a.m. EDT: Telstar 6 Transponder/22 (c), Downlink Frequency: 4140 (h)

1:00-1:30 p.m. EDT: Telstar 5/Transponder 19 (c), Downlink Frequency: 4080 (v)

Contacts

FedEx Corp.
Howard Clabo, 901-434-7786

Contacts

FedEx Corp.
Howard Clabo, 901-434-7786