EXHIBIT 99.1 PLM INTERNATIONAL, INC. CANCELS SPECIAL MEETING OF STOCKHOLDERS FOR IMMEDIATE RELEASE January 8, 2002-PLM International, Inc. (AMEX: PLM) announced today that its special meeting of stockholders, which was previously scheduled for January 8, 2002 and had been adjourned to January 15, 2002, has been canceled. The purpose of the meeting was to consider and vote upon the proposed merger of MILPI Acquisition Corp. with and into the company. For information contact: PLM International, Inc. Attention: Kylee Hester (203) 341-0515