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U.S. Concrete Announces Court Denies Bid for Equity Committee
Tue Jun 22, 2010 10:45am EDT

HOUSTON, TX, Jun 22 (MARKET WIRE) --
U.S. Concrete, Inc. (PINKSHEETS: RMIXQ) today announced that the U.S.
Bankruptcy Court denied a request to appoint an equity committee in its
chapter 11 cases. In a ruling issued by the Court, the Judge stated that
no official committee was necessary, and that equity holders were already
adequately represented. The ruling allows the Company to continue moving
towards confirmation of its Plan of Reorganization at a hearing set for
July 23, 2010. Votes on the Plan are due by July 9, 2010.

"We are extremely pleased with the Judge's ruling in this matter," said
Michael W. Harlan, President and Chief Executive Officer of U.S.
Concrete. "Our focus has been and will continue to be moving forward to
complete our restructuring plan in an orderly and timely manner."

As previously announced, the Company's proposed restructuring provides
for the conversion of approximately $285 million of principal amount of
8.375% Senior Subordinated Notes due 2014 into equity in the reorganized
company. Trade creditors are currently being paid in full in the ordinary
course and are expected to be unaffected by the restructuring.

Information about the restructuring is available at the Company's
website, www.us-concrete.com or via the Company's restructuring line at
[phone].

About U.S. Concrete
U.S. Concrete services the construction industry in
several major markets in the United States through its two business
segments: ready-mixed concrete and concrete-related products; and precast
concrete. The Company has 125 fixed and 11 portable ready-mixed concrete
plants, seven precast concrete plants and seven producing aggregates
facilities. During 2009 (including acquired volumes), these plant
facilities produced approximately 4.5 million cubic yards of ready-mixed
concrete and 3.0 million tons of aggregates. For more information on U.S.
Concrete, visit www.us-concrete.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press
release contains various forward-looking statements and information that
are based on management's beliefs, as well as assumptions made by and
information currently available to management. These forward-looking
statements speak only as of the date of this press release. The Company
disclaims any obligation to update these statements and cautions you not
to rely unduly on them. Forward-looking information includes, but is not
limited to: the completion of the Company's restructuring including the
outcome and impact on our business of the proceedings under Chapter 11 of
the Bankruptcy Code, the ability of the Company to satisfy closing
conditions under the agreements-in-principle and the plan of
reorganization and related documents, confirmation of the plan of
reorganization by the bankruptcy court and the timeline for confirming
the plan of reorganization and emergence from chapter 11 proceedings.
Although U.S. Concrete believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that
those expectations will prove to have been correct. Such statements are
subject to certain risks, uncertainties and assumptions, including, among
other matters: general and regional economic conditions; the level of
activity in the construction industry, the ability of U.S. Concrete to
complete acquisitions and to effectively integrate the operations of
acquired companies; development of adequate management infrastructure;
departure of key personnel; access to labor; union disruption;
competitive factors; government regulations; exposure to environmental
and other liabilities; the cyclical and seasonal nature of U.S.
Concrete's business; adverse weather conditions; the availability and
pricing of raw materials; and general risks related to the industry and
markets in which U.S. Concrete operates. Should one or more of these
risks materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those expected. These risks, as
well as others, are discussed in greater detail in U.S. Concrete's
filings with the Securities and Exchange Commission; including U.S.
Concrete's Annual Report on Form 10-K for the year ended December 31,
2009 and its Form 10-Q for the three months ended March 31, 2010.



Contact:
Curt Lindeman
General Counsel
U.S. Concrete, Inc.
713-499-6222


http://www.reuters.com/article/idUS147404+22-Jun-2010+MW20100622