Becker Resigns From OTR Express Board.OLATHE Olathe (ōlā`thē), city (1990 pop. 63,352), seat of Johnson co., NE Kans., suburb of Kansas City; inc. 1858. In an area of livestock farms, Olathe grew markedly in the late 20th cent. , Kan.--(BUSINESS WIRE)--June 22, 1999-- OTR OTR Over The Road (truckers) OTR Other OTR Old Time Radio OTR On The Road OTR Off the Record OTR Outer OTR Over The Rainbow OTR Office of Tax and Revenue OTR Over-The-Rhine Express, Inc. (Nasdaq: OTRX) today announced that Frank Becker, a board member since 1997, has resigned from its board of directors for personal reasons. The board of directors will consider plans to find a replacement for Mr. Becker. William P. Ward, chairman of the board, stated, "Frank Becker has been a valuable member of our board, who has made many contributions to OTRX, and we thank him for his service over the past two years." OTR Express, Inc. is a dry van truckload carrier Merrian-Webster online dictionary defines truckload as " a load or amount that fills or could fill a truck". A truckload carrier is a trucking company that generally contracts an entire trailer-load to a single customer. and logistics company providing superior service to customers throughout the 48 states. The company currently has 688 employees, including 126 at the home office in Olathe, KS. The common stock is traded on the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol OTRX. For further information, please contact Steve Ruben, chief financial officer, OTR Express, Inc. at (913) 829-1616, extension 3102, or by visiting the company's website at www.otrx.com. Various statements in this press release contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are based on current expectations and are subject to risks and uncertainties. Actual results could differ materially from current expectations due to a number of factors, including general economic conditions, competitive factors, fuel price increases, pricing pressures, and the availability and compensation of qualified drivers and owner-operators and other factors. Readers should review and consider the various disclosures made by the company in this press release, in its reports to stockholders, and periodic reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , 10-Q and 8-K filed with the Securities and Exchange Commission (SEC). |
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