VAN BUREN, Ark., Aug. 30, 2007 (PRIME NEWSWIRE) -- USA Truck, Inc. (Nasdaq:USAK) today announced the introduction of a Lease Purchase program available to driver employees interested in owning their own equipment and becoming owner-operators for the Company. The new program will offer current driver employees that meet certain qualifications the opportunity to purchase their own tractors through a third-party financing partner. Driver employees may purchase tractors directly from USA Truck or from outside sources.
"We are excited to launch this program as many of our driver employees have shown an interest in becoming owner-operators, and this program makes it possible for them to continue their professional driving careers with USA Truck," stated Mike Weindel, Vice President of Human Resources, Recruiting and Training. "The program is designed to help aspiring owner-operators among our driver employees arrange financing to purchase their own equipment and to provide a comprehensive program to help them successfully transition from Company drivers to small business operators. The Company benefits by retaining elite drivers that might otherwise leave the Company to become owner-operators elsewhere and it affords us another avenue to grow our revenue with minimal capital deployed."
This press release contains forward-looking statements and information that are based on our current expectations and assumptions we have made based upon information currently available. Forward-looking statements include statements relating to our plans, strategies, objectives, expectations, intentions and adequacy of resources, and may be identified by words such as "could," "should," "may," "believe," "expect," "intend," "plan," "schedule," "estimate," "project" and similar expressions. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will be realized. If one or more of the risks or uncertainties underlying such expectations materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. Additional risks associated with our operations are discussed in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2006, and our subsequent quarterly reports on Form 10-Q.
All forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by this cautionary statement.
We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release might not occur.
References to the "Company," "we," "us," "our" and words of similar import refer to USA Truck, Inc. and its subsidiary.
USA Truck is a dry van truckload carrier transporting general commodities via our General, Regional and Dedicated Freight divisions. We transport commodities throughout the continental United States and into and out of portions of Canada. We also transport general commodities into and out of Mexico by allowing through-trailer service from our terminal in Laredo, Texas. Our Third Party Logistics and Freight Brokerage divisions provide customized transportation solutions using our technology and multiple modes of transportation including our assets and the assets of our partner carriers.
This press release will be available to interested parties at our web site, http://www.usa-truck.com under the "Financial Data" tab of the "Investor Relations" page.
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