| TORONTO, ONTARIO (April 6, 2000) -- Vitran
Corporation Inc. (TSE: VTN.A,
AMEX: VVN), a North American
transportation and logistics provider, today announced that the American Stock Exchange
(AMEX) has approved its listing application. The Company expects its common stock to
commence trading on the AMEX under its new trading symbol VVN today, at the opening of
trading at 9:30 a.m. (EST). Vitran previously traded on the NASDAQ under the symbol VTNA. Vitran Chief Executive Richard D. McGraw, stated,
"The AMEX is the second largest and the most technologically advanced floor-based
stock exchange in the United States. We are pleased to list our common shares on the AMEX,
as one of our priorities has been to enhance the liquidity of our stock, and to narrow the
spread between the bid and ask price. We believe that the centralized specialist system
and the computer-delivered order system that facilitates customer order execution employed
by the AMEX will help us accomplish these goals. Our AMEX listing should also help add to
the visibility of our accomplishments and long-term track record of success."
Vitran Corporation Inc. is a North American group
of transportation companies offering less-than-truckload, truckload, intermodal marketing,
truck brokerage and logistics services. Further Company information is available at http://www.vitran.com.
This news announcement contain certain
forward-looking information that is subject to certain risks and uncertainties as
indicated from time to time in the Company's 20-F and other filings with Securities and
Exchange Commission Included among these risks and uncertainties are the future
performance of the economy, competitive and pricing pressures, fuel costs and other
factors impacting the transportation industry.
CONTACTL
Vitran Corporation Inc.mbr
416/596-7664
Kevin Glass, VP Finance/ CFO
416/596-7664
or
Jaffoni & Collins Incorporated
Robert L. Rinderman
Joseph N. Jaffoni
212/835-8500 or VVN@jcir.com |
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