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Foss National Selects Wright Express to Manage Cobrand Program
SOUTH PORTLAND, Maine, August 28, 2007 – Foss National Leasing has chosen Wright Express Corporation (NYSE: WXS) to bring its cobranded fuel card to the Canadian fleet marketplace, making Foss the first leasing company in Canada to form a cobrand relationship with Wright Express. Wright Express is a leading provider of payment processing and information management services to the North American commercial and government fleet industry.
Foss National Leasing is a Canadian Fleet Management specialist that knows how to handle the unique needs of Canadian fleets. Foss selected the Wright Express card because it recognizes the opportunities that a proprietary, closed network fleet card can provide for its customers. The system captures information including the date, time and amount of the expenditure, station location, brand, identification of the driver and vehicle, odometer reading and type of fuel purchased.
“The market has been asking for this type of product for many years. We are very pleased to take a leadership position to introduce this premium technology into the Canadian marketplace,” said Jeff Hartley, President of Foss National Leasing.
“Fleet cards with built in control and reporting capabilities like the Wright Express / Foss Premium Card empower fleet managers with relevant information to better manage their fleets and control over the-road expenses,” said David Maxsimic, Senior Vice President Sales and Marketing at Wright Express. “This real-time data can be compiled to provide customized reporting and on-demand web-based vehicle monitoring capabilities to track costs and manage fleet operations, adding a new dimension to the service Foss provides for its customers.”
About Foss National Leasing
Foss National Leasing is a division of Foss Corporate Group, Canada's largest, privately owned, dealer-based fleet management and leasing company. Foss Corporate Group employs over 500 people and manages more than 23,500 vehicles coast to coast. Foss Corporate Group also operates nine automotive franchises, and a wholesale used vehicle operation. Foss National Leasing's head office is located in Toronto, with branch offices in Montreal and Calgary. For more information about Foss National Leasing please visit www.fossnational.com.
About Wright Express
Wright Express is a leading provider of payment processing and information management services to the U.S. commercial and government vehicle fleet industry. Wright Express provides these services for approximately 295,000 commercial and government fleets containing 4.3 million vehicles. Wright Express markets these services directly as well as through more than 125 strategic relationships, and offers a MasterCard-branded corporate card. The Company employs more than 675 people and maintains its headquarters in South Portland, Maine. For more information about Wright Express, please visit http://www.wrightexpress.com.
Foss National Leasing Contact Information:
Director Corporate Risk & Card Operations
Wright Express Contact Information: