An awk solution :
#!/usr/bin/awk -f
# Awk program : join.awk
/^[0-9][0-9]\// { if (line) print line; line=""}
{ gsub(/[[:space:]]+/, " "); line = line $0 }
END { if (line) print line }
Output:
$ join.awk table1.txt
06/15/2007 02:28:47 TABLE "nmmp_" - 18,015,000...