Aamaxan Transport Group, Inc. Announces the Acquisition of Assets of Classic Transportation Services.VAN BUREN, Ar.--(BUSINESS WIRE)--Jan. 12, 1999--Aamaxan Transport Group, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AAXM) today announced: Rex Mason, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Aamaxan Transport Group, a Delaware corporation, announced the acquisition of assets Acquisition of assets A merger or consolidation in which an acquirer purchases the selling firm's assets. of Classic Transportation Services, Inc., based in Fort Smith, Arkansas Fort Smith is a city that lies on the Arkansas-Oklahoma state border, situated at the junction of the Arkansas and Poteau Rivers, also known as Belle Point. The city began as a western frontier military post in 1817 and would later become well-known for its role in the settling of , providing logistic services to customers throughout the United States. Classic reports 1997 unaudited revenues of $12.7 million. Services provided to Classic customers will be continued through Aamaxan Transport Group, Inc.'s subsidiaries of Amaxa Services, Inc., a logistic service company, and EagleWings Systems, Inc., a contracted carrier providing truck load and multi-stop truck load services. Aamaxan is a regional trucking and warehousing company with headquarters in Van Buren, Arkansas Van Buren, Arkansas (IPA: /ˈvænbjʊrɛn/) is the second largest city in the Fort Smith metropolitan area and the county seatGR6 of Crawford County, Arkansas. . Certain information included in this communication contains statements that are forward-looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. These forward statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. |
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