Roadrunner Transportation Systems Completes Ascent Global Logistics Spin-Off
Roadrunner and Ascent Executive Chairman
The spin-off was effected by way of a pro rata distribution (the "Distribution") on
Roadrunner common stock will continue to trade on the Pink Open Market under the trading symbol "RRTS." There will be no trading market for Ascent common stock, and such shares are subject to significant transfer restrictions. An Information Statement, which contains additional information about the transactions, including a detailed description of the transfer restrictions, is being furnished to registered stockholders of Roadrunner as of the Record Date and is being posted to the company's website.
About Ascent Global Logistics, Inc.
As a leading transportation and supply chain solutions provider, Ascent Global Logistics focuses on uncomplicating logistics. Through its Domestic, International and On-Demand offerings, Ascent helps its clients simplify supply chain management by providing customized solutions, premium customer service and state-of-the-art technology. For more information, please visit the Ascent Global Logistics website, www.ascentgl.com.
Safe Harbor Statement
This press release may contain forward-looking statements and information relating to, among other things, Roadrunner, Ascent, their respective business plans and strategies, their respective industries and other future events. These statements are often, but not always, made through the use of words or phrases such as "may," "will," "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "believe," "intend," "predict," "potential," "opportunity," and similar words or phrases or the negatives of these words or phrases. These forward-looking statements are based on Roadrunner and Ascent's current assumptions, expectations, and beliefs and are subject to substantial risks, estimates, assumptions, uncertainties and changes in circumstances that may cause Roadrunner or Ascent's actual results, performance, initiatives, or achievements, to differ materially from those expressed or implied in any forward-looking statement. Because the risks, estimates, assumptions and uncertainties referred to above could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements, you should not place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date hereof, and, except as required by law, neither Roadrunner nor Ascent assumes any obligation and does not intend to update any forward-looking statement to reflect events or circumstances after the date hereof except as required by law. For a full discussion of risks and uncertainties, see the section entitled "Risk Factors" in Roadrunner's Annual Report on Form 10-K for the year ended
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