Selected Corporate Finance Transactions

	Coyotes Holdings, LLC, through its operating subsidiaries procured the $225 million of mezzanine and construction financing necessary to commence construction of the first phase of the Westgate City Center Development, a 223 acre mixed use, urban family destination project in Glendale, Arizona. As counsel to the majority interest member of Coyotes Holdings, Scudder Law Firm advised the company and assisted in negotiating the terms of both the December 2004 $128 million mezzanine loan, and the August 2005 $97 million construction loan. Earl Scudder is a Coyotes Holdings director.
	Universal Truckload Services, Inc. closed an $122 million initial public offering in February 2005. The lead manager was Stephens and the co-managers were BB&T and Legg Mason. Scudder Law Firm served as underwriters’ counsel.
	U.S. Xpress Enterprises, Inc. (Nasdaq: XPRSA) closed an $116 million follow-on offering on December 15, 2004. The lead managers were Legg Mason and Morgan Keegan and the co-managers were BB&T and Stephens. Scudder Law Firm served as issuer’s counsel.
	Legg Mason Wood Walker, Incorporated served as lead manager of an $85 million follow-on offering for Old Dominion Freight Line, Inc. (Nasdaq: ODFL) in June 2004. Co-managers were BB&T and Stephens. Scudder Law Firm served as underwriters’ counsel in the offering.
	Celadon Group, Inc. (Nasdaq: CLDN) closed a $28 million follow-on offering in May 2004. The lead manager was Legg Mason, and the co-managers were BB&T, Morgan Keegan, and Stephens. Scudder Law Firm assisted in developing the strategy of using the offering as a catalyst for market recognition, selecting the underwriters, and negotiating the economics. The firm served as issuer’s counsel.
	Central Freight Lines, Inc. (Nasdaq: CENF) closed a $145 million initial public offering in 2003. The lead manager was Bear Stearns, and the co-managers were BB&T, Legg Mason, Morgan Keegan, and Stephens. Scudder Law Firm served as issuer's counsel and advised Central on the selection of underwriters and negotiation of economics. Scudder Law Firm serves as outside corporate, securities, and merger and acquisition counsel. The firm has handled several acquisitions, a $40 million accounts receivable securitization, and the acquisition and disposition of Central Refrigerated in 2002.
	Covenant Transport, Inc. (Nasdaq: CVTI) completed a $43 million secondary offering in November 2003. Bear Stearns was the lead manger, and BB&T and Stephens were the co-managers. Scudder Law Firm served as issuer's counsel and also handled Covenant's 1994 initial public offering and 1998 follow-on offering. Scudder Law Firm serves as Covenant's outside corporate, securities, and merger and acquisition counsel. The firm has handled a $60 million accounts receivable securitization, a private placement of ten-year notes, and several large credit and leasing facilities for Covenant. Mark Scudder is a director of Covenant.
	Marten Transport, Ltd. (Nasdaq: MRTN) closed a $70 million follow-on offering on August 17, 2003. The lead manager was Stephens, and the co-managers were BB&T, Legg Mason, and Morgan Keegan. Scudder Law Firm helped develop the strategy of using the offering as a catalyst for market recognition, selected the underwriters, negotiated the economics, and served as issuer’s counsel.
	Perfect Commerce has raised over $70 million in private equity. Scudder Law Firm serves as Perfect's corporate, merger and acquisition, and securities counsel. Mark Scudder served on Perfect's board from 2002 through 2003.
	Heartland Express, Inc. (Nasdaq: HTLD) closed an $105 million follow-on offering on January 17, 2002. The lead managers were Bear Stearns and Deutsche Banc Alex. Brown, and the co-managers were BB&T, Stephens, and Morgan Keegan. Scudder Law Firm served as issuer’s counsel and advised on selection of underwriters and negotiation of economics. Scudder Law Firm or one of its current attorneys also handled Heartland's stock offerings in 1986, 1992, and 1997 and serves as securities and merger and acquisition counsel to Heartland. Earl Scudder served on Heartland's board from 1986 through 1996.
	U.S. Xpress Enterprises, Inc. (Nasdaq: XPRSA) refinanced its $100 million credit facility with a revolving credit facility secured by revenue equipment and closed a $100 million securitization of its accounts receivable through a structured finance transaction. Scudder Law Firm served as company counsel.
	Knight Transportation, Inc. (NYSE: KNX) closed an $85 million follow-on offering in November 2001. The lead managers were Credit Suisse First Boston and Bear Stearns, and the co-managers were BB&T and Morgan Keegan. Scudder Law Firm served as issuer’s co-counsel. Scudder Law Firm serves as securities and merger and acquisition counsel to Knight. Mark Scudder is a director of Knight.
	Covenant Transport, Inc. (Nasdaq: CVTI) refinanced its existing credit facility with a $150 million revolving credit facility in December 2004. The firm has handled a $60 million accounts receivable securitization, a private placement of ten-year notes, several large credit and leasing facilities, and a $30 million sale-leaseback transaction involving real estate for Covenant. Scudder Law Firm serves as Covenant's outside corporate, securities, and merger and acquisition counsel. Mark Scudder is a director of Covenant.

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