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EXHIBIT (a)(1)(G)
IMMEDIATELY -- June 2, 2000
Jack Liles: (601) 933-1240
HIGH ROAD COMMENCES TENDER OFFER
TO ACQUIRE KLLM TRANSPORT SERVICES, INC.
JACKSON, MS -- June 2, 2000 -- High Road Acquisition Corp. announced today that
its wholly-owned subsidiary, High Road Acquisition Subsidiary Corp., has
commenced its previously announced tender offer for all of the outstanding
shares of common stock of KLLM Transport Services, Inc. (Nasdaq National Market-
KLLM) for $8.05 per share in cash. The offer will initially expire 12:00
midnight, New York City time, on June 29, 2000, but may be extended under
certain circumstances.
The tender offer is being made pursuant to a Plan and Agreement of Merger dated
as of May 25, 2000. KLLM's Board of Directors has approved the transaction and
has recommended that KLLM's stockholders tender their shares into the tender
offer. The tender offer is conditioned upon, among other things, (1) there
being tendered and not withdrawn prior to the expiration date of the offer at
least a majority of the shares of KLLM common stock outstanding on a fully
diluted basis, and (2) the expiration or termination of the applicable waiting
period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Following successful completion of the tender offer, High Road will acquire for
the same cash price any shares that are not tendered, by means of a merger of
KLLM with High Road Acquisition Subsidiary Corp.
The tender offer is made only by an offer to purchase and other offering
documents, copies of which have been filed with the Securities and Exchange
Commission and will be mailed to KLLM stockholders. Stockholders are advised to
read the tender offer documents because they contain important information.
Stockholders may obtain a copy of the tender offer documents and other documents
filed with the SEC for free at the SEC's web site at http://www.sec.gov.
Georgeson Shareholder Communications, Inc. is the Information Agent, and the
tender offer documents, including the letter of transmittal, may also be
obtained from it by calling 1-800-223-2064.
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