EXHIBIT 99.(A)(1)(A)
IMMEDIATELY -- July 12, 2000
Jack Liles: (601) 933-1240
HIGH ROAD EXTENDS
SUBSEQUENT OFFERING PERIOD
JACKSON, MS -- July 12, 2000 -- High Road Acquisition Corp. announced today
that the subsequent offering period for its subsidiary High Road
Acquisition Subsidiary Corp.'s $8.05 per share cash tender offer for all of
the outstanding shares of common stock of KLLM Transport Services, Inc.
(Nasdaq National Market-KLLM), which was scheduled to expire at 12:00
Midnight, New York City time on Tuesday, July 11, 2000, has been extended.
The subsequent offering period now expires at 5:00 p.m., New York City time
on Tuesday, July 18, 2000. The same price paid during the initial offering
is extended through the subsequent offering period: $8.05 per share, net to
the seller in cash, to KLLM stockholders. If High Road further extends the
subsequent offering period, a public announcement of the extension will be
made no later than 9:00 a.m. New York City time on the next business day
after the day on which the subsequent offering period was scheduled to
expire. Shares tendered during the subsequent offering period may not be
withdrawn.
As of 12:00 Midnight, New York City Time on July 11, 2000,
approximately 2,721,959 shares of KLLM common stock were validly tendered
during the initial and subsequent offering periods, including 23,128
pursuant to Notice of Guaranteed Delivery. The tendered shares, together
with the 689,123 shares acquired by High Road Acquisition Corp. from the
Liles family, represent approximately 83.1% of the outstanding shares of
KLLM common stock.
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