8-K 1 g65710e8-k.txt PROFESSIONAL TRANSPORTATION GROUP LTD., INC. 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 30, 2000 ----------------- PROFESSIONAL TRANSPORTATION GROUP LTD., INC. -------------------------------------------- (Exact name of registrant as specified in its charter) Georgia 000-22571 58-1915632 -------------------------------------------------------------------------------- (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 1950 Spectrum Circle, Suite B-100, Marietta, Georgia 30067 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (678) 264-0400 -------------- (Former name or former address, if changed since last report.) 2 ITEM 5. OTHER EVENTS. On November 30, 2000, Professional Transportation Group Ltd., Inc. (the Company") announced that it was is in the process of winding up the operations of its wholly-owned subsidiary, Timely Transportation, as a result of the acceleration of its debt by SouthTrust Bank and its inability to obtain funding from other sources. It is contemplated that Timely Transportation will cease its operations within the next week and that secured creditors will foreclose upon substantially all of its assets. It is unlikely that either the unsecured creditors or shareholders the Company will receive any of the proceeds of any such foreclosure sales or liquidation transactions. In addition, an agreement has been reached for the sale of substantially all of the assets of the Company's subsidiary, DTSI, Inc., which will permit the purchase to continue the business as usual with no interruption of service. Further information is contained in the Company's press release which is attached hereto as Exhibit 99.1. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL SCHEDULES AND EXHIBITS. (c) Exhibits. ~~99.1 Press Release dated November 30, 2000.~~

3 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. PROFESSIONAL TRANSPORTATION GROUP LTD., INC. By: /s/ William R. Asbell, Jr. ------------------------------------------ William R. Asbell, Jr. Acting President Dated: November 30, 2000 4 EXHIBIT INDEX

Exhibit Number Exhibit Name ------- ------------ 99.1 Press Release dated November 930, 2000 ~~99.2 Press Release dated November 9, 2000~~

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