Aon Auto Division to market Top Source Oil Analyzer.NEW YORK--(BUSINESS WIRE)--May 23, 1996--Top Source Technologies Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :TPS (1) (Transactions Per Second) The number of transactions processed within one second. TPS is a better rating for the performance of hardware and software than the common MHz and GHz rating of the computer. ) announced Thursday it has signed a marketing agreement for its proprietary On-Site Oil Analyzer (OSA 1. OSA - Open Scripting Architecture. 2. OSA - Open System Architecture. ) with Marketing and Training Resources Inc. (MTR MTR Motor MTR Meter MTR Mass Transit Railway MTR Mountaintop Removal (coal mining method) MTR Mid-Term Review MTR Mortar MTR Museum of Television and Radio MTR Magnetization Transfer Ratio ) an Aon Corporation company. Top Source and MTR will work together as independent entities in this strategic alliance to jointly develop the automotive market. Top Source will provide OSAs and technical support. MTR will provide locations and marketing. The agreement covers placement of OSAs within the universe of new and used auto dealerships and national automotive service chains. Additionally, the agreement gives MRT MRT, n manual resistance technique, a treatment method used during the acute and recovery phases to relieve pain and rehabilitate the body's tissues and muscles. the right to acquire exclusive sale an distribution rights for OSAs in this market. Stuart Landow, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Top Source, said: "We have already demonstrated that the OSA has clear and quantifiable benefits to the automotive market. Car America, a high-tech, used-car superstore in Madison, Wis., is currently using an OSA in its operations. Car America has experienced substantial cost advantages and profited from their use of the OSA. This agreement marks the first stage in our relationship with MTR. Initially MTR will test market OSAs within their dealership network." Although Top Source does not expect to receive any material revenues from MTR's initial test marketing, the company believes that MTR has the experience, resources and business relationships to accelerate OSA commercialization of the automotive market. OSAs create many opportunities for dealerships. By pin-pointing hidden developing engine problems OSAs help car and truck owners avoid unexpected repairs and catastrophic failures A catastrophic failure is a sudden and total failure of some system from which recovery is impossible. The affected system not only experiences destruction beyond any reasonable possibility of repair, but also frequently causes injury, death, or significant damage to other, often . This creates dealership service department business. Also, dealerships will have the opportunity, based on OSA information, to "cherry pick" vehicles being purchased as trade-ins or wholesale, or to offer less money for cars and trucks showing engine problems. Additionally, like health tests required before life insurance contracts are sold, OSA information helps dealerships not only sell more extended warranties but also improve the returns on these contracts. Aon is a holding company that comprises a family of insurance brokerage, consulting and insurance underwriting subsidiaries. Aon's 1995 year-end assets totaled approximately $20 billion. MTR provides consulting services to the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , including R&D of marketing programs, job specific and cultural change training, and customer loyalty initiatives. Top Source is commercializing OSAs for use in several markets, some are: refineries, automobile dealerships, powertrain testing facilities, railroads, fleet maintenance and franchised local and truck stop labs. The MTR partnership is one of several strategic alliances the company expects to form; the company is in negotiations with several other potential strategic partners. All three Detroit automakers are testing OSA abilities for powertrain testing. Also, a large Baton Rouge Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La. refinery has been rigorously testing OSAs for process control. -0- Top Source Technologies Inc. is commercializing technologies for the petrochemical and transportation industries. The company is organized into two units, the Petrochemical Technology Group and the Transportation Technology Group. Top Source's most significant growth over the next several years is expected to come from the company's patented On-Site Oil Analyzer (OSA). Manufactured solely for Top Source by the Thermo Jarrell Ash division of Thermo Instrument Systems, the OSA is a significant innovation for the multi-billion dollar oil analysis industry. The Petrochemical Technology Group also operates oil laboratories serving many of the country's major oil and transportation companies. Currently, the Transportation Technology Group is the company's major revenue and profit source. Its income is derived from patented overhead speaker systems for the automotive industry. CONTACT: Top Source Technologies Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Bill Roll, Director of Investor Relations Investor relations The process by which the corporation communicates with its investors. 212/644-1300 |
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