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.
About PetroCard
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
For PetroCard:
Scoville PR
Jaime Quick, 206-625-0075 x3
james.quick@scovillepr.com
or
For Wright Express:
Media:
Jessica Roy, 207-523-6763
Jessica_Roy@wrightexpress.com
or
Investors:
Steve Elder, 207-523-7769
Steve_Elder@wrightexpress.com