OTR EXPRESS ANNOUNCES 1,100,000 SHARES OF COMMON STOCK OFFERED AT $5 PER SHARE
OTR EXPRESS ANNOUNCES 1,100,000 SHARES OF COMMON STOCK OFFERED
AT $5 PER SHARE
OLATHE, Kan., Jan. 22 /PRNewswire/ -- OTR Express, Inc. today announced the initial public offering of 1,100,000 shares of common stock at $5 per share.
Proceeds of the offering will be used to reduce debt.
Fahnestock & Co. Inc. is managing underwriter of the offering.
Headquartered in Olathe, Kan., OTR Express, Inc. is a long-haul, truckload motor carrier transporting general commodities throughout the continental United States. OTR uses an extensive database of customer information in conjunction with its own proprietary software to meet the needs of its customers. OTR currently owns and operates 165 tractor/trailer units.
/CONTACT: William P. Ward, chairman of OTR Express, 913-829-1616, or Lynn M. Snelgrove of Fahnestock & Co., 816-932-7029/ CO: OTR Express Inc. ST: Kansas IN: TRN SU: OFR FC -- NY032 -- 2172 01/22/92 10:18 EST