(Applies to: TRUC USTK NATS AEIC)
Professional Transportation Group Ltd., Inc. (TRUC) Announces It Has
Retained National Securities Corporation as Investment Banker
Professional Transportation Group Ltd., Inc. (Nasdaq: TRUC, TRUCW)
announced
today that it has retained National Securities Corporation as its
investment
banker. Mr. Dennis A. Bakal, CEO stated, "We are pleased to retain National
Securities Corporation as our investment banker. National will provide
investment banking services to assist us in (1) expanding our capital base
to
continue to facilitate our growth (2) advise on our January 12, 2000
announcement to explore a business combination with U.S. Trucking, Inc. (3)
to
provide strategic advice and (4) to advise the company on continuing to
increase
shareholder value."
National Securities Corporation, headquartered in Seattle, Washington, was
founded in 1947 and currently has approximately 300 retail and
institutional
registered representatives located in 43 offices in 18 states and maintains
international offices in Hong Kong, Geneva and London. National is a
nationwide
full-service investment banking and brokerage firm registered with the
Securities and Exchange Commission and the National Association of
Securities
Dealers, Inc. and is a member of the Chicago Stock Exchange. National is a
wholly-owned subsidiary of Olympic Cascade Financial Corporation (Nasdaq:
NATS),
which also owns West America Investment Group, Inc., based in Phoenix,
Arizona.
National maintains investment banking offices in Chicago, Los Angeles and
Atlanta with a principal focus of providing financial advice, strategic
counsel,
primary and secondary underwritings, merger/acquisition and shareholder
value
services and private placements.
Professional Transportation Group Ltd., Inc., is headquartered in Marietta,
Georgia. The Company provides ground transportation and logistics services
for
the airfreight and trucking industry in the continental United States
through
its subsidiaries, Timely Transportation, Inc. ('Almost as Fast as Air') and
Truck-Net, Inc. PTG's customers include Federal Express, US Airways,
Airborne
Express, UPS, Emery Worldwide, Nippon Air Cargo and Air Express
International.
For additional information contact: Dennis A. Bakal of Professional
Transportation Group Ltd., Inc., 678-264-0400; or Scott Liolios of Liolios
Group, Inc., 949-574-3860, for Professional Transportation Group Ltd., Inc.
This release contains statements that constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and
Section 21E the Securities Exchange Act of 1934, as amended. These
statements
appear in a number of places in this release and include all statements
that are
not statements of historical fact regarding the intent, belief or current
expectations of the Company, its directors or its officers with respect to,
among other things: (i) the Company's financing plans ; (ii) trends
affecting
the Company's financial condition or results of operations; (iii) the
Company's
growth strategy and operating strategy; and (iv) the declaration and
payment of
dividends. The words "may," "would," "will," "expect," "estimate,"
"anticipate,"
"believe," "intend" and similar expressions and variations thereof are
intended
to identify forward-looking statements. Investors are cautioned that any
such
forward-looking statements are not guarantees of future performance and
involve
risks and uncertainties, many of which are beyond the Company's ability to
control, and that actual results may differ materially from those projected
in
the forward-looking statements as a result of various factors discussed
herein
and those factors discussed in detail in the Company's filings with the
Securities and Exchange Commission, including the "Risk Factors" section of
the
Company's Registration Statement on Form S-3 (Registration Number
333-70985), as
declared effective by the Securities and Exchange Commission on February 5,
1999.
SOURCE Professional Transportation Group Ltd., Inc.
(C) 2000 PR Newswire. All rights reserved.
-0-
CONTACT: Dennis A. Bakal of Professional Transportation Group
Ltd.,
Inc., 678-264-0400; or Scott Liolios of Liolios Group,
Inc., 949-574-3860, for
Professional Transportation Group Ltd., Inc.
KEYWORD: Georgia
Washington
INDUSTRY KEYWORD: TRN
FIN
URL: timelytrans.com |
