In full: Thursday February 18, 10:13 am Eastern Time
Company Press Release
MBT International Reaches Agreement in Principal With Triplus 'A Trimac Company,' North America's Leader in Bulk Transportation Services
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Feb. 18, 1999--MBT International Inc. (OTC BB:MBTI) parent company of AgriMall.com ( www.agrimall.com ), HorseNet.com ( www.horsenet.com ), and Life@Home.com ( www.life@home.com ) announced today that Triplus, a Trimac Company, will become a Commercial Transportation broker.
Triplus will develop a large storefront web presence on the AgriMall.com site. In addition to Triplus becoming a full-service transportation broker, they will train all MBTI's present agriculture agents on procedures to handle the freight component of the sales transactions that move through AgriMall.com.
Andy McKinnon, Chief Executive Officer of MBT International stated, 'It is MBTI's strategy to build strong business partnerships with major players and become a leader in the $300 billion agricultural industry.''
Trimac Corporation is an industrial transportation services corporation, providing services in highway transportation of bulk materials through Trimac Transportation System and truck fleet management services through Rentway. The Corporation employs 4,900 people across North America and achieved $600 million in revenue in 1998. Trimac Corporation's common shares are traded on the Toronto and Montreal stock exchanges under the symbol TMA.
Certain statements in this release are forward-looking. Although MBT International Inc. believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. For factors that may cause actual results to differ materially from expectations and underlying assumptions, see reports by MBT International filed with the Securities and Exchange Commission.
Contact:
MBT International Inc., Castle Rock
Andy McKinnon, CEO, 303/688-0244 |
