Frontier Oilfield Services, Inc. (OTCQB:FOSI) announces its execution of an Asset Purchase Agreement to acquire all of the assets and business operations of L & R Tank Trucks, Inc. and Stark and Stark Equipment, Inc. of Bowie, Texas for the sum of $ 10,300,000.00 subject to certain adjustments, at the time of closing, of L & R and Stark's indebtedness, seller's expenses and EBITDA adjustments.