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OLIVER TRANSPORTATION FILES PROPOSEDREGISTRATION STATEMENT FOR PUBLIC OFFERING

 MEXICO, Mo., May 18 /PRNewswire/ -- Oliver Transportation, Inc. announced today that it has filed a proposed registration statement for a public offering of 600,000 units at $10.75 a unit. Each unit is comprised of two shares of common stock and one warrant. The units are to be offered through a syndicate of underwriters, managed by Texas Capital Securities, Inc.
 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 but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by 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 preliminary prospectus, contact: Pete Oliver or Tony Meador, Oliver Transportation, Inc., East Highway 54, Mexico, Mo. 65265; 800-654-8377 or 314-581-0450.
 -0- 5/18/93
 /CONTACT: Pete Oliver or Tony Meador of Oliver Transportation, Inc., 314-581-0450, or Philip Taggart of The Philip Taggart Company, 713-961-1724, for Oliver Transportation, Inc./


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

TS -- NY058 -- 9757 05/18/93 12:11 EDT
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Publication:PR Newswire
Date:May 18, 1993
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