Central Freight Lines, Inc. Makes Announcement
Friday April 21, 8:02 pm ET


WACO, Texas, April 21 /PRNewswire-FirstCall/ -- On April 17, 2006, Central Freight Lines, Inc. (Nasdaq: CENF - News) filed a preliminary proxy statement with the Securities and Exchange Commission concerning the Company's 2006 Annual Meeting of Stockholders and the expected vote on its previously announced merger transaction with North American Truck Lines, LLC and Green Acquisition Company (the "Merger"). The agreement for the Merger provides that a company controlled by Jerry Moyes and certain related parties would become the owners of the Company, and the Company would cease to be publicly traded. The Company also announced on April 17, 2006 that it had taken possession of approximately $5.3 million in revenue equipment as the result of a transaction facilitated by Mr. Moyes. The Company's independent registered public accounting firm qualified its 2005 audit opinion due to a going concern uncertainty. The pending Merger was not allowed to be considered by the public accounting firm in its assessment of the Company. The Company expects the Merger to be completed in July of 2006 and appreciates the confidence Mr. Moyes expressed through the recent equipment transaction.

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