TRISM, Inc. Announces Agreement to Restructure Debt

KENNESAW, Ga., Sept. 10 /PRNewswire/ -- TRISM, Inc. (OTC Bulletin
Board: TRSME - news) today announced that it finalized an
agreement with the steering committee representing major holders
of the company's approximately $86.2 million of 10-3/4% Senior
Subordinated Notes due 2000 (the ``Senior Notes''.) The agreement
is to be affected pursuant to a pre- arranged plan, which will be
filed shortly, and will require court review and approval.

Edward L. McCormick, the President and Chief Executive Officer of
TRISM said, ``We are extremely pleased to announce this agreement
and to announce the restructuring to our employees, customers,
vendors, and financial partners. Under the direction of the
current management team, we will continue the revitalization of
our operations with a solid balance sheet and a sound capital
structure. Within the terms of our agreement, we will continue to
satisfy all trade and leasing obligations, in accordance with
their existing terms, significantly reduce TRISM's long-term debt
and we will continue to meet all other debt obligations in
full.''

Pursuant to the restructuring agreement, the Senior Notes will be
converted into (i) new notes in the aggregate principal amount of
$30 million, due 2004, with interest at the rate of 12% per annum
(the first semi-annual interest payment on which will be due in
March 2000), and (ii) 95% of the new common equity of TRISM to be
issued post-recapitalization, prior to dilution respecting a
contemplated management stock incentive program. TRISM's existing
common stock will be converted into 5% of the new common equity
to be issued post-recapitalization, prior to dilution.

TRISM, Inc. is the nation's leading transportation company that
specializes in the transportation of heavy weight, over-
dimensional, environmental, and secured materials. TRISM provides
a full range of logistics services for specialized markets,
intermodal management services, and worldwide super heavy haul
project services.

Certain statements in this release are forward-looking statements
that are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties that
my cause TRISM's actual results in future periods to differ
materially from forecasted results. Those risks are described in
TRISM's filings with the Securities and Exchange Commission (SEC)
over the last twelve months, copies of which are available from
the SEC or may be obtained upon request from TRISM. In addition,
there can be no assurance that the restructuring will occur as
described or at all.

SOURCE: TRISM, Inc.