Memphis, Tenn., Oct. 20, 2003 - Baptist Memorial Health Care and FedEx Corporation (NYSE: FDX) recently became the only two companies in the Memphis area to receive the prestigious CIO 100 award from IDG’s CIO magazine.

The CIO 100 award recognizes organizations across the nation that excel in positive business performance through resourceful information technology management and practices. This year, it honored companies that demonstrate the resourceful use of technology and related assets that drive efficiency and fuel growth.

Baptist’s information systems department was chosen as part of “The Resourceful 100” for several resourceful decisions, including the development and support of a patient care application and physician Internet portal called BaptistMD that allows more than 1400 affiliated physicians and more than 1500 of their office staff and administrators access to critical patient information online in real time from their office, home or anywhere they have Internet access. Laboratory results; radiology images and reports; transcribed medical records reports; surgery schedules; fetal monitoring; physician directory; and patient’s demographic and insurance information are some examples of the information available.

We are proud to be recognized for our resourcefulness, but especially for the development of BaptistMD,” said Dick Escue, vice president and chief information officer for Baptist Memorial Health Care. “Our team strives every day to provide the best possible service and advanced technology to our patients, physicians and staff.”

This is the fifth consecutive year that FedEx has won the CIO 100 award and the eighth time overall that CIO magazine has honored FedEx’s technology practice and its impact on its customers and business.

“In this challenging economic environment, it is critical to maximize our IT investments, developing innovative technology that allows fast and cost-effective implementation anywhere in the world,” said Rob Carter, executive vice president and CIO for FedEx Corp. “Improving quality for our customers while adding value to our business is a top priority.”

The recipients of this year's CIO 100 were selected through a comprehensive three-step process. First, companies filled out an online application form. In addition, CIO editorial staff and members of its expert panel nominated companies they deemed best fit the award criteria. A team of CIO editors and writers reviewed the application forms and expert recommendations and voted on the final 100. The judging objectives were to recognize positive business performance through the resourceful use of IT systems, staff and budgets in a challenging economy.

“This year's CIO 100 award recipients are being honored because their companies have demonstrated resourceful use of IT systems, staff and budgets," said Abbie Lundberg, editor in chief at CIO magazine. "Maximizing return on investment is a priority when times are tight, and these companies excel in generating greater value from limited resources.”

Baptist Memorial Health Care is an integrated health care delivery system offering a full continuum of care to communities throughout Tennessee, Mississippi and Arkansas. Baptist is home to many world-renowned physicians, and the system has received numerous national awards, such as being among Modern Healthcare’s Top 100 Integrated Healthcare Networks in the nation. With the intention of caring for people close to their homes, the Baptist network consists of 17 hospitals; more than 2,400 affiliated physicians; home, hospice and psychiatric care; minor medical clinics; a chain of surgery, rehabilitation and other outpatient centers; and an education system highlighted by the Baptist College of Health Sciences.

With annual revenues of $23 billion, FedEx Corp. is the premier global provider of transportation, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground,North America's second largest provider of small-package ground delivery service; FedEx Freight, the largest U.S. provider of regional less-than-truckload freight services; FedEx Custom Critical, North America’s largest provider of expedited time-critical shipments; and FedEx Trade-

Networks, North America's largest customs broker and a provider of international freightforwarding and trade facilitation services. FedEx ranked highest in the J.D. Power and Associates 2002 Small Package Delivery Service Business Customer Satisfaction StudySM in the categories of air, ground and international delivery services.

IO magazine, launched in 1987, is published by CXO Media Inc. CXO Media serves CIOs, CEOs, CFOs, COOs and other corporate officers who use technology to thrive and prosper in this new era of business. The company strives to enhance partnerships between C-level executives, as well as create opportunities for information technology and consumer marketers to reach them. In addition to publishing CIO and CSO magazines, CXO Media produces www.cio.com, The CIO Insider, www.darwinmagazine.com and www.CSOonline.com, as well as Executive Programs, a series of conferences that provide educational and networking opportunities for corporate and government leaders.

CXO Media Inc. is a subsidiary of IDG, the world's leading IT media, research and exposition company. IDG publishes more than 300 computer magazines and newspapers and 4,000 book titles and offers online users the largest network of technology-specific sites around the world through IDG.net (www.idg.net), which comprises more than 270 targeted Web sites in 70 countries. IDG is also a leading producer of 168 computer-related expositions worldwide and provides IT market analysis through 50 offices in 43 countries worldwide. Company information is available at www.idg.com.

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