Celadon Group Awarded $5 Million Per Year in Business by Volkswagen; Company to Transport Product between U.S./Canada and Puebla, Mexico.INDIANAPOLIS--(BUSINESS WIRE)--July 20, 1999-- Celadon celadon Chinese, Korean, Siamese, and Japanese stoneware decorated with glazes the colour range of which includes greens of various shades, olive, blue, and gray. The colours are the result of a wash of slip (liquefied clay) containing a high proportion of iron that is Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CLDN CLDN Calling Line Directory Number CLDN Claudin (gene family) ), a leading transportation services provider that specializes in the transport of goods from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada to and from Mexico, announced today it has been awarded by Volkswagen de Mexico business expected to average $5 million annually over the next two years. The agreement calls for Celadon to transport automotive parts and racks between the United States and Canada and Volkswagen's assembly plant in Puebla, Mexico. The "Bug" and other Volkswagen products are assembled in Puebla. In announcing the agreement, Stephen Russell, Chairman and Chief Executive Officer of Celadon, said, "We are pleased to undertake this business with Volkswagen, a new customer. This contract is evidence of our unique position as the leading provider of truckload services to and from the United States and Mexico." Celadon has approximately 2,100 line haul tractors and 6,100 trailers. The discussion set forth above as well as oral statements made by officers of the Company relating thereto, may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such comments are based upon information currently available to management and management=s perception thereof as of the date of this press release. Actual results of the Company=s operations could materially differ from those forward looking statements. Such differences could be caused by a number of factors including, but not limited to, potential adverse affects of regulation; changes in competition and the effects of such changes; increased competition; change in fuel prices; changes in economic, political or regulatory environments; changes in the availability of a stable labor force; ability of the Company to hire drivers meeting Company standards; changes in management strategies; environmental or tax matters; the results of Gerth Transport ;and risks described from time to time in reports filed by the Company with the Securities and Exchange Commission. Readers should take these factors into account in evaluating any such forward looking statements. This release and prior releases are available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide website at www.kcsa.com. |
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