Country Wide Transport Services reports second-quarter results.

CORONA, Calif.--(BUSINESS WIRE)--Feb. 8, 1996--Country Wide Transport Services Inc. (NASDAQ:CWTS) Thursday reported transportation revenue of $12,449,000 for the three months ended Dec. 31, 1995, and a net loss of $508,000, or 11 cents per share.

This compares with transportation revenue of $13,758,000 and net income of $150,000, or 3 cents per share, for the second quarter of last year.

For the six months ended Dec. 31, 1995, transportation revenue amounted to $25,399,000 and net income was $906,000, or 19 cents per share, which included a gain on forgiveness of debt of discontinued operations of $2,370,000, or 50 cents per share. These results compare with transportation revenue of $27,969,000 and net income of $407,000, or 9 cents per share, for the same period a year earlier.

Timothy Lepper, president and CEO of Country Wide Transport Services, stated: "During my first full quarter as CEO of the company, we have started the process of right-sizing the trucking operation and emphasizing our logistics services. The decreased results are due to insufficient revenues in our trucking division as a result of pricing pressures and a continuing soft economy.

"During the quarter, we sold the assets of CK Trucking, our container service division, since it fell outside the scope of our new business plan. We will continue to downsize our trucking operation until we reach a level to accommodate current business activities which will complement our profitable logistics operation."

Country Wide Transport Services Inc.'s subsidiary, Country Wide Truck Service Inc., provides truckload transportation of temperature-controlled commodities throughout the United States and Canada, as well as a complete logistics service for its customers through its Vertex Transportation division. -0-

                COUNTRY WIDE TRANSPORT SERVICES INC.
                        Financial Highlights

                           Three months ended       Six months ended
                                Dec. 31,                Dec. 31,
                            1995        1994        1995        1994

Transportation revenue  $12,449,000 $13,758,000 $25,399,000 $27,969,000
Income (loss) from
 continuing operations  $  (475,000)$   102,000 $  (669,000)$   311,000
Income (loss) from
 discontinued operations    (33,000)     48,000    (795,000)     96,000
Extraordinary item:  gain
 on forgiveness of debt
 of discontinued
 operations, net of tax          --          --    2,370,000         --
Net income (loss)       $  (508,000)$   150,000 $    906,000$   407,000

Income (loss) per common
 share:
Continuing operations     (10 cents)    2 cents    (14 cents)   7 cents
Discontinued operations     (1 cent)     1 cent    (17 cents)   2 cents
Extraordinary item               --          --     50 cents         --
Net income (loss)         (11 cents)    3 cents     19 cents    9 cents
Weighted average number
 of common shares
 outstanding              4,800,000   4,752,000    4,800,000  4,751,000

CONTACT: Country Wide Transport Services Inc., Corona

Timothy Lepper, 800/421-2757