U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
April 22, 1999
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Date of Report (date of earliest event reported)
U. S. Trucking, Inc.
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Exact Name of Registrant as Specified in its Charter
Colorado 33-9640-LA 68-0133692
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State or Other Jurisdiction Commission File IRS Employer Identifi-
of Incorporation Number cation Number
3125 Ashley Phosphate Road, Suite 128, North Charleston, S.C. 29418
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Address of Principal Executive Office, Including Zip Code
(843) 767-9197
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Registrant's Telephone Number, Including Area Code
ITEM 5. OTHER EVENTS.
On April 22, 1999, U.S. Trucking, Inc. (the "Company") completed the
acquisition of Prostar, Inc., a Mount Pleasant, South Carolina-based freight
brokerage business which had approximately $6,250,000 in revenues during the
year ended December 31, 1998.
As consideration for the acquisition, the Company paid $300,000 in cash
and issued a total of 200,000 restricted shares of the Company's common stock
to the owners of Prostar.
As of the closing, Prostar had approximately $450,000 in assets and
approximately $470,000 in liabilities.
Prostar specializes in delivering produce products throughout the
continental United States for customers such as Meijer Inc., Bi-Lo Inc.,
Riverfront Groves Gifts, Nu Trans Cos. and Seald-Sweet Growers Inc. Prostar
is equipped to handle the transportation of all types of commodities including
refrigerated as well as dry-haul products.
The Company expects to be able to combine Prostar's brokerage business
with the Company's existing brokerage business, which should result in an
increase in effectiveness. The addition of a national freight broker should
also allow the Company to increase the volume of business from its west coast
operations located in Grand Terrace, California.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS. The following exhibits are filed herewith:
EXHIBIT
NUMBER DESCRIPTION LOCATION
10.1 Merger Agreement and Plan of Reorgan- Filed herewith
ization by and among U.S. Trucking, electronically
Inc., Prostar Acquisition Corp., Faust
Chitty, Lynn J. Land, and Prostar, Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned, hereunto duly authorized.
U.S. TRUCKING, INC.
Dated: May 25, 1999 By:/s/ Danny Pixler
Dan L. Pixler, President