TMG Taylor & Martin Grp., Inc.Common Stock

TransMontaigne Inc. (NYSE:TMG) today announced the signing of a Terminal Exchange Agreement on January 10, 2006, with BP Plc (BP). The companies have agreed to end a decades-long joint terminal supply and operating arrangement involving a total of 17 terminals located in the Southeast United States. TMG and BP intend to separate both the supply and terminaling operations functions whereby BP will own and operate 6 terminals, and TMG will own and operate 9 terminals, while the remaining 2 terminals will be supplied separately, but continue to be operated by TMG for the benefit of both companies. The transaction is expected to be completed by February 1, 2006. Subsequent to closing of the transaction, the ownership and operation of the terminals will be as follows: -0- *T TransMontaigne BP Terminals Terminals Shared Terminals ---------------------------------------------------------------------- Atlanta (Chattahoochee), GA Athens, GA Collins, MS ---------------------------------------------------------------------- Charlotte, NC Greensboro, NC Bainbridge, GA ---------------------------------------------------------------------- Belton, SC Albany, GA ---------------------------------------------------------------------- Spartanburg, SC Americus, GA ---------------------------------------------------------------------- Birmingham, AL Macon, GA ---------------------------------------------------------------------- Montgomery, AL Griffin, GA ---------------------------------------------------------------------- Meridian, MS ---------------------------------------------------------------------- Lookout Mountain, GA ---------------------------------------------------------------------- Rome, GA ---------------------------------------------------------------------- *T Under the terms of the Terminal Exchange Agreement, both companies will enter into three- to five-year throughput obligations at the facilities to be owned and operated by the other party. BP will be obligated to throughput approximately 24,500 barrels per day through TMG's owned facilities, while TMG will be obligated to throughput approximately 18,000 barrels per day through BP's owned facilities. The 15 terminals to be exchanged pursuant to the Terminal Exchange Agreement have approximately 3.7 million barrels of storage capacity. After the exchange, TMG will increase its ownership in the storage capacity by approximately .3 million barrels to a total of approximately 1.8 million barrels, with BP retaining approximately 1.9 million barrels of storage capacity. In return for the additional storage capacity, current and future capital requirements and other items, TMG will make payment to BP in the sum of approximately $5.6 million. William S. Dickey, President of TransMontaigne Product Services Inc., stated, "This transaction will enable both BP and TMG to continue to provide reliable product supply and terminaling services at all of the affected facilities while at the same time allowing each Company to consolidate its presence in those markets essential to best serve customer demands and enhance future growth, as well as provide overall cost efficiencies." TransMontaigne Inc. is a refined petroleum products marketing and distribution company based in Denver, Colorado with operations in the United States, primarily in the Gulf Coast, Midwest and East Coast regions. The Company's principal activities consist of (i) terminal, pipeline, and tug and barge operations, (ii) marketing and distribution, and (iii) supply chain management services. The Company's customers include refiners, wholesalers, distributors, marketers, and industrial and commercial end-users of refined petroleum products. Corporate news and additional information about TransMontaigne Inc. is available on the Company's web site: www.transmontaigne.com FORWARD-LOOKING STATEMENTS This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.