Frozen Food Express Industries, Inc. Announces Amended Credit Facility

Frozen Food Express Industries, Inc. Announces Amended Credit Facility

Provides Increased Availability

DALLAS, Dec. 19, 2012 (GLOBE NEWSWIRE) -- Frozen Food Express Industries, Inc.
(the "Company") (Nasdaq:FFEX) today announced it has amended its $50 million
secured asset-based credit agreement with Bank of America.

The amendment, signed today, allows additional availability of funds against
the Company's $50 million credit facility by lowering the availability
threshold to $7 million from its previous level of $10 million. The threshold
level returns to $10 million effective on January 1, 2014.The maturity date
of the credit agreement remains unchanged at March 29, 2015.

"The agreement gives us additional financial flexibility," said Russell
Stubbs, the Company's President and Chief Executive Officer."We are making
positive progress in our plan to restore the Company to consistent
profitability and are confident that our financial results for the next five
quarters will continue to show year-over-year improvement."

Additional details regarding the amended credit agreement can be found in the
Form 8-K, filed with the Securities and Exchange Commission on December 19,

About FFEX

Frozen Food Express Industries, Inc. is one of the leading
temperature-controlled truckload and less-than-truckload carriers in the
United States with core operations in the transport of temperature-controlled
products and perishable goods including food, health care and confectionery
products. Service is offered in over-the-road and intermodal modes for
temperature-controlled truckload and less-than-truckload, as well as dry
truckload on a non-dedicated fleet basis. We also provide bulk tank water
transportation, brokerage/logistics and dedicated services to our customers.
Additional information about Frozen Food Express Industries, Inc. can be found
at To join our email alert list, please click on the
following link: The Company's common
stock is traded on the Nasdaq Global Select market under the symbol FFEX.

The Frozen Food Express Industries, Inc. logo is available at

Forward-Looking Statements

This press release contains certain statements that may be considered
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Forward-looking statements include statements relating to
plans, strategies, objectives, expectations, intentions, and adequacy of
resources, and may be identified by words such as "will", "could", "should",
"believe", "expect", "intend", "plan", "schedule", "estimate", "project", and
similar expressions. Those statements are based on current expectations and
are subject to uncertainty and change. Although our management believes that
the expectations reflected in such forward-looking statements are reasonable,
there can be no assurance that such expectations will be realized. Should one
or more of the risks or uncertainties underlying such expectations not
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those expected. Among the key factors that are not
within our management's control and that may cause actual results to differ
materially from those projected in such forward-looking statements are demand
for the Company's services and products, and its ability to meet that demand,
which may be affected by, among other things, competition, weather conditions
and the general economy, the availability and cost of labor and
owner-operators, the ability to negotiate favorably with lenders and lessors,
the continued growth of hydraulic fracturing techniques for oil and gas
drilling in West Texas, the effects of terrorism and war, the availability and
cost of equipment, fuel and supplies, the market for previously-owned
equipment, the impact of changes in the tax and regulatory environment in
which the Company operates, operational risks and insurance, risks associated
with the technologies and systems used and the other risks and uncertainties
described in our filings with the Securities and Exchange Commission. Given
the volatility in fuel prices and the impact fuel surcharge revenues have on
total operating revenues, we often make reference to total operating revenue
excluding fuel surcharges to provide a more consistent basis for comparison of
operating revenue without the impact of fluctuating fuel prices. Readers
should review and consider these factors along with the various disclosures by
the Company in its press releases, stockholder reports and filings with the
Securities and Exchange Commission. The Company does not assume, and
specifically disclaims, any obligation to update or revise any forward-looking
statements to reflect actual results or changes in the factors affecting the
forward-looking information.

CONTACT: Frozen Food Express Industries, Inc.
         Russell Stubbs, President and CEO
         John Hickerson, EVP and COO
         John McManama, SVP and CFO
         (214) 630-8090
         Dave Mossberg, Investor Relations
         Three Part Advisors, LLC
         817 310-0051

company logo
Press spacebar to pause and continue. Press esc to stop.