TRUC Announces Favorable Customer Reaction to Fuel Surcharge
7 March 2000
Professional Transportation Group Ltd., Inc. (TRUC) Announces Favorable Customer Reaction to Recent Fuel Surcharge and Rate IncreaseMARIETTA, Ga., March 7 Professional Transportation Group Ltd., Inc. (Nasdaq: TRUC, TRUCW) ("PTG") today announced that a recent fuel surcharge and rate increase by its Timely Transportation subsidiary has been received by its customers with little negative reaction. Dennis A. Bakal, Chief Executive Officer of PTG stated, "We are more fortunate than others in the industry because our long-term relationships with our customers have helped them recognize our superior service and they are cognizant of the recent increase in fuel prices and our need for mutually beneficial pricing. They realize through our close relationships that we have only imposed fuel surcharges when we felt that we had no other choice." Professional Transportation Group Ltd., Inc., is headquartered in Marietta, Georgia. The Company provides ground transportation and logistics services for the airfreight and trucking industry in the continental United States through its subsidiaries, Timely Transportation, Inc. and Truck-Net, Inc. PTG's customers include Federal Express, US Airways, Airborne Express, UPS, Emery Worldwide, Nippon Air Cargo and Air Express International. For additional information contact: Professional Transportation Group Ltd., Inc., Dennis A. Bakal, (678) 264-0400, http://www.timelytrans.com Liolios Group, Inc., Scott Liolios, (949) 574-3860 This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans ; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors discussed herein and those factors discussed in detail in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors" section of the Company's Registration Statement on Form S-3 (Registration Number 333-70985), as declared effective by the Securities and Exchange Commission on February 5, 1999.