Pennzoil-Quaker State Company and QUALCOMM;
- Over 33,000 Trucks Now Enrolled In TruckersCo-op.com -
Business Editors
INDIANAPOLIS--(BUSINESS WIRE)--March 20, 2000--Celadon Group, Inc.
(Nasdaq: CLDN) today announced its TruckersCo-op.com subsidiary, a
business-to-business cost savings Web site for the trucking and the
private fleet industries, signed marketing agreements with
Pennzoil-Quaker State Company (NYSE: PZL) and QUALCOMM Incorporated
(Nasdaq: QCOM) for TruckersCo-op.com. The company also announced that
now more than 33,000 member trucks have enrolled in TruckersCo-op.com.
The QUALCOMM agreement allows TruckersCo-op.com to offer
OmniTRACS(R) mobile communications system and TruckMAIL(R) products to
its enrolled e-commerce membership.
QUALCOMM's OmniTRACS system is a satellite-based mobile
communications and tracking system that provides real-time messaging
and position reporting between fleets and their operations centers.
Messages are sent, via satellite, through QUALCOMM's Network
Management Center to dispatch centers throughout the United States.
The OmniTRACS system is an interactive, fully integrated information
management system that includes two-way mobile communications,
satellite tracking and fleet management software. The OmniTRACS system
operates 24 hours a day, seven days a week.
The Pennzoil-Quaker State Company agreement allows
TruckersCo-op.com members to purchase motor oil and lubricant products
at a discount via the website. Pennzoil-Quaker State Company is the
number one marketer of motor oil in the US. As it relates to
commercial motor oils and lubricants, Pennzoil(R) will be the
exclusive supplier to TruckersCo-op.com and TruckersCo-op.com will be
the only co-op web buying service in the medium and heavy duty
trucking industry through which Pennzoil-Quaker State Company will
market.
QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing
and delivering innovative digital wireless communications products and
services based on the Company's CDMA digital technology. The Company's
business areas include integrated CDMA chipsets and system software;
technology licensing; Eudora(R) email software for Windows(R) and
Macintosh(R) computing platforms; and satellite-based systems
including OmniTRACS(R) and portions of the Globalstar(TM) system.
QUALCOMM owns patents which are essential to all of the CDMA wireless
telecommunications standards that have been adopted or proposed for
adoption by standards-setting bodies worldwide. QUALCOMM has licensed
its essential CDMA patent portfolio to more than 75 telecommunications
equipment manufacturers worldwide. Headquartered in San Diego, Calif.,
QUALCOMM is included in the S&P 500 Index and is a 1999 FORTUNE 500(R)
company traded on the Nasdaq under the ticker symbol QCOM.
Pennzoil-Quaker State Company is a leading worldwide automotive
consumer products company, marketing over 1,300 products with 20
leading brands in more than 50 countries. The company markets
Pennzoil(R) and Quaker State(R) brand motor oils, the number one and
number two selling motor oils in the United States. Jiffy Lube, a
wholly owned subsidiary of Pennzoil-Quaker State Company, is the
world's largest fast lube operator and franchiser. Pennzoil-Quaker
State Company also markets a complete line of automotive car care
products including Axius(TM) auto accessories, Blue Coral(R) and
Classic(R) waxes and washes, Black Magic(R) and Westley's(R) tire and
wheel care products, Fix-A-Flat(R) tire sealants, Medo(R) air
fresheners, Rain-X(R) glass treatments, Gumout(R), Snap(R) and The
Outlaw(R) maintenance chemicals and Slick 50(R) engine treatments. The
company recently introduced Pennzoil Roadside(TM) Rescue(R) Emergency
Fuel Additive, a safe, conveniently packaged emergency fuel additive
that transports out-of-gas vehicles about 10 miles from the side of
the road to safety.
Through its wholly-owned subsidiary, Celadon E-Commerce, Inc.,
Celadon Group is the majority owner of TruckersCo-op.com. Pursuant to
a strategic alliance agreement between TruckersCo-op.com and General
Electric Capital Corporation, GE Capital is providing certain
marketing and other related services to TruckersCo-op.com and has
taken a minority stake in the company. In addition several venture
funds have taken minority positions in the company.
The discussion set forth above as well as oral statements made by
officers of the company relating thereto, may contain forward looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such comments are based upon information currently
available to management and management's perception thereof as of the
date of this press release. Actual results of the company's operations
could materially differ from those forward looking statements. Such
differences could be caused by a number of factors including, but not
limited to, potential adverse affects of regulation; changes in
competition and the effects of such changes; increased competition;
change in fuel prices; changes in economic, political or regulatory
environments; changes in the availability of a stable labor force;
ability of the company to hire drivers meeting company standards;
changes in management strategies; environmental or tax matters; and
risks described from time to time in reports filed by the company with
the Securities and Exchange Commission. Readers should take these
factors into account in evaluating any such forward looking
statements. |
