Performance Transportation Services Names Timothy G. Skillman of Alvarez & Marsal, LLC Chief Restructuring Officer

DETROIT, March 16 -- Performance Transportation Services ("PTS") announced today that Timothy G. Skillman has been named Chief Restructuring Officer for the Company. Mr. Skillman will report directly to Jeff Cornish, President and Chief Executive Officer, and the Board of Directors.

"We are delighted with the Board's decision to name Tim, of Alvarez and Marsal, our Chief Restructuring Officer. Tim brings more than 20 years experience in the restructuring business," Mr. Cornish said. "Tim's responsibilities will include a financial review of the Company, communicating with our creditors, customers and unions, as well as working with the senior management team and our consultants to develop our Plan of Reorganization to emerge from Chapter 11 as a strong competitor in the automotive industry."

Mr. Skillman is a Managing Director with Alvarez & Marsal, LLC and specializes in developing and implementing turnaround strategies for retailers and manufacturing, distribution and financial services companies. Most recently, Mr. Skillman led the team in restructuring General Motors' Service Parts Operations distribution network and the successful reorganization and sale of Big Boy Restaurants. Mr. Skillman's previous restructuring assignments include McClain Industries, Inc., The XLO Group of Companies, Inc. Precision Die Tool and Machine Corporation. He has also acted as advisor to General Motors, Toyota, Daimler Chrysler Corporation and Mitsubishi Motors in the insolvencies of various suppliers.

The Company's Chapter 11 petitions were filed in the United States Bankruptcy Court for the Western District of New York, Buffalo. Details regarding the filing can be found at http://www.pts-inc.biz/ and at http://www.bmcgroup.com/pts.

About PTS

Performance Transportation Services, Inc. is the second largest transporter of new automobiles, sport-utility vehicles and light trucks in North America. PTS operates under three key transportations business lines including: E. and L. Transport, Hadley Auto Transport and Leaseway Motorcar Transport, which together deliver approximately 3.8 million new cars and light trucks annually.