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OLIVER TRANSPORTATION ANNOUNCES PUBLIC OFFERING

 MEXICO, Mo., June 22, /PRNewswire/ -- Oliver Transportation, Inc. announced today that it has filed a public offering of 600,000 units at $10.75 a unit with the SEC effective today. Each unit comprises two shares of common stock and one warrant.
 Pete Oliver, chairman of the board, indicated that the proceeds of the offering will be used by the company to increase working capital and reduce outstanding indebtedness.
 Oliver is one of the largest flatbed trucking companies in the United States, operating approximately 500 licensed tractors and 700 licensed trailers in the continental United States and parts of Canada. The company focuses exclusively on the flatbed market, providing flatbed truck transportation services to customers in the ceramic brick, steel, metal and building material industries. Oliver cultivates long-term core carrier relationships with its customers by operating 13 strategically located terminals that enable Oliver to maximize its responsiveness to customer requirements and minimize its fleet idle time.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission, and an offer to sell may only be made by prospectus only. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 For additional information or a copy of the prospectus, contact: Texas Capital Securities, 5085 Westheimer, Suite 4520, Houston, TX 77056; telephone 713-968-7900.
 -0- 6/22/93
 /CONTACT: Pete Oliver or Tony Meador, Oliver Transportation, Inc., 314-581-0450; or Philip Taggart, The Philip Taggart Company for Oliver Transportation, 713-961-1724/


CO: Oliver Transportation, Inc. ST: Missouri IN: TRN SU: OFR

LG -- NY042 -- 4521 06/22/93 11:28 EDT
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Publication:PR Newswire
Date:Jun 22, 1993
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