OTR Express to Begin Trading On the American Stock Exchange.OLATHE, Kan.--(BUSINESS WIRE)--Aug. 12, 1999-- OTR OTR Over The Road (truckers) OTR Other OTR Old Time Radio OTR On The Road OTR Off the Record OTR Outer OTR Over The Rainbow OTR Office of Tax and Revenue OTR Over-The-Rhine Express, Inc. (Nasdaq:OTRX), a nationwide truckload carrier Merrian-Webster online dictionary defines truckload as " a load or amount that fills or could fill a truck". A truckload carrier is a trucking company that generally contracts an entire trailer-load to a single customer. and logistics company, announced today that its common stock has been approved for listing on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX AMEX See: American Stock Exchange ) under the symbol "OTR". The Company's common stock will discontinue dis·con·tin·ue v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , 10-Q and 8-K filed with the Securities and Exchange Commission (SEC). |
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