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Debt Management Law News

June 8, 2010

Court Approves U.S. Concrete Disclosure Statement

Sets Confirmation Hearing for July 23, 2010; Solicitation Process to Begin Shortly

HOUSTON, TX, Jun 07, 2010 (MARKETWIRE via COMTEX) -- U.S. Concrete, Inc. (PINKSHEETS: RMIXQ) today announced that the U.S. Bankruptcy Court has approved its Disclosure Statement at a hearing held on June 3 in Delaware. The Court also scheduled a July 23, 2010, hearing regarding confirmation of the Company's Plan of Reorganization. The Company expects to begin soliciting votes on its proposed Plan shortly.

"The Court's approval of the Disclosure Statement marks the next important step toward completing the Company's restructuring plan in an orderly and timely manner," said Michael W. Harlan, President and Chief Executive Officer of U.S. Concrete. "We are confident our Plan of Reorganization will be confirmed at the hearing in July and expect to emerge from this process shortly thereafter, well positioned to continue as a leading competitor in our markets."

As previously announced, the Company's proposed restructuring provides for the conversion of approximately $272 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.

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.

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