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PetroCard Teams Up with Wright Express to Expand Market Footprint
Leading fuel management provider in the Pacific Northwest joins forces with leader in the fleet card business
SOUTH PORTLAND, Maine, Jul 22, 2010 (BUSINESS WIRE) -- Wright Express Corporation (NYSE: WXS), a leading provider of payment processing and information management services to the U.S. commercial and government fleet industry, announced today that it has launched a new universal card program for leading fuels distributor PetroCard. The universal card program will provide PetroCard's customers with convenient access to a larger network of stations across PetroCard's service area.
"Through our expansion and acquisitions of the past several years, we have substantially increased our market penetration in the Pacific Northwest to the point where we needed to further expand our card options for our customers," said Steve Tolton, CEO of PetroCard. "Adding the Wright Express universal card will complement our current fleet card offerings, offering our customers easier and more wide ranging access to fuel."
Through the partnership, PetroCard will also realize the benefits of integrating and utilizing Wright Express' Telapoint supply chain management product to more effectively and efficiently control inventory management at many of the company's bulk facilities.
Wright Express is a leading provider of fleet and corporate charge cards. Flexible, pre-set cardholder limits and robust data capture from each card transaction will provide PetroCard customers with valuable information to better manage corporate expenses.
"We're delighted that PetroCard chose to expand its relationship with us," said David D. Maxsimic,Executive Vice President, Sales and Marketing for Wright Express. "PetroCard is the first and largest franchise program within our Pacific Pride network to add the Wright Express universal card to their offerings. We look forward to continuing to enhance their success in acquiring new customers, retaining existing customers, and increasing sales."
PetroCard is one of the largest cardlock - or unattended, self-serve fueling stations - operators in the Pacific Northwest. Along with cardlocks, PetroCard offers other fuel services via mobile fueling, as well as via delivery to bulk fuel tanks. The company also currently sells lubricants to many different classes of trades such as retail chains, wholesale operations, automotive installers, commercial and heavy-duty fleets out of its two offices located in Arlington and Spokane, Washington and now Clackamas, Oregon. PetroCard is the largest ExxonMobil distributor in Washington State.
PetroCard, based in Kent, Washington, is a leading fuel and lubrication distributor in the Pacific Northwest with operations throughout Washington State, Oregon and Idaho. PetroCard sells fuel through a network of unattended cardlock stations accessed by fleet cards, delivers fuel to bulk tanks and provides mobile fueling services to commercial vehicles. In addition, the company sells lubricants for passenger vehicle, commercial and industrial applications. In 2009, PetroCard opened its first "Clean N Green" Compressed Natural Gas fueling station in Seattle, offering access to an affordable, clean burning alternative fuel to fleets and consumers. The company was ranked as the 5th largest privately held company in 2010 and the largest minority-owned company in 2009 for Washington State according to the Puget Sound Business Journal. For more information on PetroCard visit www.petrocard.com.
About Wright Express
Wright Express is a leading global provider of payment processing and information management services. Wright Express captures and combines transaction information from its proprietary network with specialized analytical tools and purchasing control capabilities in a suite of solutions that enable fleets to manage their vehicles more effectively. The Company's charge cards are used by commercial and government fleets to purchase fuel and maintenance services for approximately 4.5 million vehicles. Wright Express markets its services directly to fleets and as an outsourcing partner for its strategic relationships and franchisees. The Company's business portfolio includes a MasterCard-branded corporate card as well as TelaPoint, a provider of supply chain software solutions for petroleum distributors and retailers, and Pacific Pride, an independent fuel distributor franchisee network, as well as international subsidiaries. For more information about Wright Express, please visit www.wrightexpress.com.
SOURCE: Wright Express Corporation
Jaime Quick, 206-625-0075 x3
For Wright Express:
Jessica Roy, 207-523-6763
Steve Elder, 207-523-7769