OTR Express to Begin Trading On the American Stock Exchange.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. Kansas State School for the Deaf and MidAmerica Nazarene Univ. are located there. The city's name is derived from the Shawnee word for beautiful., Kan.--(BUSINESS WIRE)--Aug. 12, 1999-- OTR OTR - Over The Road (truckers) OTR - Coto 47 Airstrip, Costa Rica (Airport code) OTR - Oakland Terminal Railway OTR - Obecná Teorie Relativity (Czech: general theory of relativity) OTR - Occupational Therapist, Registered OTR - Oceanic Transition Route OTR - Off the Record OTR - Off-the-Record OTR - Off-The-Road (vehicles/tires) OTR - Office of Tax and Revenue OTR - Officer Technical Refresh OTR - Official Transcript of Records Express, Inc. (Nasdaq:OTRX), a nationwide truckload carrier and logistics company, announced today that its common stock has been approved for listing on the American Stock Exchange (AMEX) under the symbol "OTR". The Company's common stock will discontinue trading on the NASDAQ national market at the close of business on August 12, 1999. The Company expects trading in its common stock on AMEX to begin at 10:00 a.m. Eastern Standard Time on Friday, August 13, 1999. "We are very excited to begin listing on the AMEX, a national exchange that provides liquidity based on the auction market model," commented Steve Ruben, Chief Financial Officer. "We believe the specialist system employed by the AMEX will reduce our bid and ask price spreads and listing on AMEX will reduce our overall cost of being listed on a national exchange, which will enhance shareholder value." OTR Express, Inc. is a dry van truckload carrier and logistics company providing superior service to customers throughout the 48 states. The company currently has 679 employees, including 138 at the home office in Olathe, KS. 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 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, 10-Q and 8-K filed with the Securities and Exchange Commission (SEC). |
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