Published: September 01, 2010
Wright Express Signs Private Label Fleet Card Agreement with ConocoPhillips
SOUTH PORTLAND, Maine - (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 signed a 5
year agreement to provide private label fleet card services for
ConocoPhillips [NYSE:COP].
Under the terms of the agreement, Wright Express will issue fleet cards
and provide related services to all three brands affiliated with
ConocoPhillips' motor fuels; Conoco, Phillips 66 and 76. Wright Express
and ConocoPhillips will closely collaborate in building a comprehensive
sales and marketing program for direct sales as well as to support the
local efforts of independent marketers and dealers who represent these
brands through over 7500 sites.
The program will include a competitive discount offer on ConocoPhillips
fuel through a branded proprietary fleet card good only at the Conoco,
Phillips 66 and 76 locations, as well as a new branded universal card
which will be accepted at over 150,000 fuel and service locations
throughout the United States. These new commercial offerings will bring
value to loyal businesses and ConocoPhillips' branded marketers and
dealers.
"This agreement with Wright Express ensures that we will enhance the
scope and competitiveness of our offering for our valued fleet card
consumers," said Jane Gasdaska, Manager - Planning and Optimization, US
Marketing, ConocoPhillips. "Wright Express will allow us to provide our
branded fleet cardholders with the complete range of information,
features, and functionality they need to meet their fleet management and
growth needs."
"Companies choose Wright Express because of our high performance
management of portfolios, including a world-class set of services that
enhance success in acquiring new customers, retaining existing
customers, increasing sales, and penetrating new market segments. In
addition, Wright Express is consistently investing in new products and
services to expand the value to fleets and help them grow their
commercial fleet card portfolio," said Michael Dubyak, Chairman and CEO
of Wright Express. "We're pleased to add these great ConocoPhillips
brands to our Private Label program, and in particular, we are
enthusiastic about leveraging the strong market presence ConocoPhillips
holds in key markets such as Los Angeles, Denver, Seattle."
About ConocoPhillips
ConocoPhillips is an international, integrated energy company with
interests around the world. Headquartered in Houston, the company has
approximately 29,900 employees, $155 billion of assets, and $179 billion
of annualized revenues as of March 31, 2010. For more information, go to www.conocophillips.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 4.6 million vehicles. Wright
Express markets its services directly to fleets and is 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.

Wright Express Corporation
News media contact:
Jessica Roy,
+1-207-523-6763
Jessica_Roy@wrightexpress.com
or
Investor
contact:
Steve Elder, +1-207-523-7769
Steve_Elder@wrightexpress.com
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