US 1 Industries Expansion to be Financed by Increased Line of Credit With Firstar Bank

    GARY, Ind.--Oct. 31, 2001--US 1 Industries, Inc. (OTCBB:USOO), demonstrating continued strong growth and expansion, announced today that it has arranged increased bank financing. With a pattern of eleven consecutive quarters of earnings and revenue growth, the company has increased its current line of credit facility with Firstar Bank from $5.5 million to $7.0 million. The company also has obtained an additional $300,000 financing commitment with Firstar Bank for the purchase of revenue equipment to expand the specialized heavy-haul and over-dimensional transport division started in August 2000. The increased line will enhance the company's ability to achieve its target of sustained, double-digit growth in revenues and earnings.
    US 1, through its subsidiaries, operates primarily as a non-asset based service provider to independent businesses operating in the trucking and logistics industries. It offers financial resources, risk management services, insurance and information technology to small independent business owners enhancing their ability to compete in the trucking and logistics industry.

    Statements in this news release that relate to future plans, financial results or projections, events or performance, including targets for growth in revenues and earnings, are forward-looking statements subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those described or anticipated.