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Wright Express Signs Long-Term Private Label Fleet Card Agreement With Imperial Oil of Canada
SOUTH PORTLAND, Maine, Dec. 21 /PRNewswire-FirstCall/ -- Wright Express Corporation (NYSE: WXS), a leading provider of payment processing and information management services to the U.S. and Canadian commercial and government fleet industry, today announced that it has signed a 10-year renewal agreement to provide private label fleet card services for Imperial Oil of Canada. Imperial Oil is one of Canada's largest corporations and a leading member of Canada's petroleum industry. It distributes through a Canada-wide coast-to-coast supply network of almost 2,000 Esso-branded service stations.
Wright Express and Imperial Oil have been jointly providing fleet card services to Imperial Oil customers since 1998. Under the terms of the agreement, Wright Express will continue to provide fleet card services to include private label credit card issuance, account maintenance, card authorization, statement generation, customer services functions, marketing services, and online services.
The Imperial Oil fleet card programs, which includes Tiger Pro, Tiger Pro Plus, and Esso Business Card, provide small and large commercial and government fleet customers with customizable fleet reports, and convenient Imperial Oil Fleet Online account management, through the added convenience of Imperial Oil's national network of approximately 2,000 Esso fueling locations throughout Canada.
"This extension of our longstanding relationship with Wright Express ensures that we'll continue delivering industry-leading innovative information and financial products to our fleet card customers," said Simon Smith the V.P. and G.M. for Fuels Marketing at Esso. "Wright Express allows us to provide Esso's small and large customers with the complete range of information, features, and functionality they need to meet their fleet management needs."
"We are delighted that Imperial Oil chose to extend its relationship with us," said Michael Dubyak, president and chief executive officer of Wright Express. "We look forward to continuing to invest in the relationship to work with this valued associate to provide a world-class set of services that enhance its success in acquiring new customers, retaining existing customers, increasing sales, and penetrating new market segments."
About Imperial Oil
Imperial Oil is one of Canada's largest corporations and a leading member of the country's petroleum industry. It is one of Canada's largest producers of crude oil and natural gas and is also the country's largest refiner and marketer of petroleum products, sold primarily under the Esso brand name through a coast-to-coast supply network that includes almost 2,000 retail outlets.
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 300,000 commercial and government fleets containing 4.3 million vehicles. Wright Express markets these services directly as well as through more than 100 strategic relationships, and offers a MasterCard-branded corporate card. The Company employs more than 670 people and maintains its headquarters in South Portland, Maine. For more information about Wright Express, please visit http://www.wrightexpress.com.
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