P.A.M. Transportation Services, Inc. Commences Self Tender Offer to Purchase up to 600,000 Shares

P.A.M. Transportation Services, Inc. Commences Self Tender Offer to Purchase
up to 600,000 Shares

TONTITOWN, Ark., Dec. 2, 2013 (GLOBE NEWSWIRE) -- P.A.M. Transportation
Services, Inc. (Nasdaq:PTSI) today announced the commencement of a modified
"Dutch auction" tender offer to purchase up to 600,000 shares, or about 6.9%,
of its outstanding common stock using available cash, cash equivalents and
short-term investments, at a price of not less than $19.00 and not more than
$21.00 per share. The tender offer will expire at 12:00 Midnight, Eastern
Time, on December 30, 2013, unless extended or withdrawn. The Board of
Directors determined that it is in the Company's best interest to repurchase
shares at this time given P.A.M.'s cash position and stock price. The Company
anticipates that the tender offer will be deemed closed in calendar year 2013.

A modified "Dutch auction" tender offer allows stockholders to indicate how
many shares and at what price(s) they wish to tender their shares within the
specified price range. Based on the number of shares tendered and the prices
specified by the tendering stockholders, the Company will determine the lowest
price per share within the range that will allow it to purchase up to 600,000
shares of its common stock, or a lower amount depending on the number of
shares properly tendered and not properly withdrawn. Stockholders whose shares
are purchased in the offer will receive the determined purchase price per
share in cash, without interest, after the expiration of the offer period,
subject to the conditions of the tender offer, including the provisions
relating to proration. All shares tendered at prices higher than the purchase
price will not be purchased and will be promptly returned to stockholders. The
tender offer is not conditioned upon any minimum number of shares being
tendered; however, the tender offer is subject to a number of other terms and
conditions. Specific instructions and an explanation of the terms and
conditions of the tender offer are contained in the Offer to Purchase and
related materials that are being mailed to stockholders.

P.A.M. Transportation has retained Computershare Trust Company, N.A. as the
depositary for the tender offer and Georgeson Inc., as the information agent.

Copies of the Offer to Purchase, the related Letter of Transmittal and the
Notice of Guaranteed Delivery are being mailed to the Company's stockholders.
Additional copies of the Offer to Purchase, the related Letter of Transmittal
or the Notice of Guaranteed Delivery may be obtained at the Company's expense
from the information agent at (866) 482-4943 (toll free) or (800) 223-2064
(banks and brokers). Questions regarding the tender offer should be directed
to the information agent at (866) 482-4943 (toll free) or (800) 223-2064
(banks and brokers).

P.A.M. Transportation Services, Inc. is a leading truckload dry van carrier
transporting general commodities throughout the continental United States, as
well as in the Canadian provinces of Ontario and Quebec. The Company also
provides transportation services in Mexico through its gateways in Laredo and
El Paso, Texas under agreements with Mexican carriers.

Certain Information Regarding the Tender Offer

The information in this press release describing P.A.M. Transportation's
tender offer is for informational purposes only and does not constitute an
offer to buy or the solicitation of an offer to sell shares of P.A.M.
Transportation's common stock in the tender offer. The tender offer is being
made only pursuant to the Offer to Purchase and the related materials that
P.A.M. Transportation is distributing to its stockholders, as they may be
amended or supplemented. Stockholders should read such Offer to Purchase and
related materials carefully and in their entirety because they contain
important information, including the various terms and conditions of the
tender offer. Stockholders of P.A.M. Transportation may obtain a free copy of
the Tender Offer Statement on Schedule TO, the Offer to Purchase and other
documents that P.A.M. Transportation is filing with the Securities and
Exchange Commission from the Securities and Exchange Commission's website at
www.sec.gov. Stockholders may also obtain a copy of these documents, without
charge, from Georgeson Inc., the information agent for the tender offer, toll
free at (866)482-4943. Stockholders are urged to carefully read all of these
materials prior to making any decision with respect to the tender offer.
Stockholders and investors who have questions or need assistance may call
Georgeson Inc., the information agent for the tender offer, toll free at
(866)482-4943.

Note Regarding Forward-Looking Statements

Certain information included in this document contains or may contain
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements may relate to
expected future financial and operating results or events, and are thus
prospective. Such forward-looking statements are subject to risks,
uncertainties and other factors which could cause actual results to differ
materially from future results expressed or implied by such forward-looking
statements. Potential risks and uncertainties include, but are not limited to,
excess capacity in the trucking industry; surplus inventories; recessionary
economic cycles and downturns in customers' business cycles; increases or
rapid fluctuations in fuel prices, interest rates, fuel taxes, tolls, license
and registration fees; the resale value of the Company's used equipment and
the price of new equipment; increases in compensation for and difficulty
inattracting and retaining qualified drivers and owner-operators; increases
in insurance premiums and deductible amounts relating to accident, cargo,
workers' compensation, health, and other claims; unanticipated increases in
the number or amount of claims for which the Company is self insured;
inability of the Company to continue to secure acceptable financing
arrangements; seasonal factors such as harsh weather conditions that increase
operating costs; competition from trucking, rail, and intermodal competitors
including reductions in rates resulting from competitive bidding; the ability
to identify acceptable acquisition candidates, consummate acquisitions, and
integrate acquired operations; a significant reduction in or termination of
the Company's trucking service by a key customer; and other factors, including
risk factors, included from time to time in filings made by the Company with
the Securities and Exchange Commission. The Company undertakes no obligation
to publicly update or revise forward-looking statements, whether as a result
of new information, future events or otherwise. In light of these risks and
uncertainties, the forward-looking events and circumstances discussed above
and in company filings might not transpire.

CONTACT: P.A.M. TRANSPORTATION SERVICES, INC.
         P.O. BOX 188
         Tontitown, AR 72770
         Allen W. West
         (479) 361-9111

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