April 2, 2001, Grain Valley, MO  -- OOIDA has filed an adversary proceeding in the bankruptcy of Intrenet, Inc. and its four motor carrier subsidiaries, Roadrunner Distribution, Roadrunner Trucking, Advanced Distribution System, and Eck Miller Transportation. OOIDA has also filed claims against Huntington National Bank which served Intrenet and the motor carrier subsidiaries prior to the bankruptcy. The lawsuit is filed as a class action, on behalf of all owner-operators under lease to any of the four motor carriers.

In its complaint, OOIDA seeks to separate from the bankruptcy estate, the escrow funds held by the defendants at the time of the bankruptcy. The suit also requests the immediate return of all escrow funds to individual owner-operators, prior to the payment of the amounts due to creditors.

"Escrow funds collected by motor carriers from owner-operators under lease to the carriers are monies which belong to the owner-operator," said Jim Johnston, president of OOIDA. "Those funds are not assets of the motor carrier, and the motor carrier has no beneficial interest in that money."

Johnston added, "Under the federal Truth-in-Leasing regulations, which govern administration of owner-operator escrow funds, this money may only be used to satisfy obligations incurred by the individual owner-operator, and in all circumstances, must be returned to the owner-operator within 45 days of termination of his lease."

All four motor carrier subsidiaries ceased operation on January 2, 2001, and all owner-operator leases terminated as of that date. It is estimated that the subsidiaries utilized the services of some 1100 owner-operators.

FOR MORE INFORMATION CONTACT: Todd Spencer, (800) 444-5791