CORRECTING AND REPLACING AmeriQuest Announces the Acquisition of Complete Fleet Management, Inc.Business Editors CHERRY HILL Cherry Hill, township (1990 pop. 69,319), Camden co., W central N.J.; name was changed from Delaware township to Cherry Hill in 1961. Largely residential, Cherry Hill has been marked by great development and housing growth, especially since the 1970s. , N.J.--(BUSINESS WIRE)--Feb. 11, 2004 In BW5562 issued Feb. 11, 2004: Contact Information should read as follows: AmeriQuest(R) Transportation and Logistics Resources Corp. Joseph Ciolino, 856-773-0600 jciolino@ameriquestcorp.com, or, RAM Communications Ronald Margulis, 908-232-3230 ron@rampr.com The corrected release reads: AMERIQUEST ANNOUNCES THE ACQUISITION OF COMPLETE FLEET MANAGEMENT, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . Company Adds Enterprise-Wide Asset Services, Customer Finance and Used Vehicle Remarketing Capabilities to Partners and Participants AmeriQuest(R) Transportation and Logistics Resources Corp., a leading provider of services to the fleet management industry and business system pioneer, announced today that it has signed a letter of intent to acquire the assets and management talent of Complete Fleet Management, Inc. The acquisition will provide AmeriQuest with company-wide asset services, customer finance and national used truck, tractor and trailer remarketing capabilities, and is another step towards transforming the firm into a complete highway transportation solutions and life cycle management provider. "Acquiring an enterprise-wide asset services capability has been a priority for us for some time. In addition to asset services, this acquisition will provide the AmeriQuest network with additional customer finance programs and the ability to remarket used equipment on a national level. These are critical components in the evolving ability of AmeriQuest to position itself as the only company that has the technologies, services and solutions to bring highway transportation life cycle management to its partners and participants on a menu driven basis," said Doug Clark, President & 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. , AmeriQuest. "We are very pleased at the opportunity to become a part of what AmeriQuest and its FleetXchange division offer its vast network of companies - from independent leasing and rental companies, to food industry distributors, wholesalers and retailers," said Jim Guice, President, Complete Fleet Management. As part of the acquisition, Guice will be joining AmeriQuest as Vice President, Asset Services. Guice brings a wealth of experience including four years as President and CEO of TEAM Vehicle Sales and 28 years in senior management with Ryder System. Jim Sweeney
Jim Sweeney will also be joining AmeriQuest as Vice President, AmeriQuest Remarketing Services. Sweeney brings with him nearly 30 years of transportation experience, most recently with Budget Truck Rental Budget Truck Rental, LLC is the second largest truck rental company in the continental United States of America with around 2,800 businesses and 32,000 trucks across the country. . Jim Guice will be presenting this new product offering at our upcoming AmeriQuest Transportation Industry Symposium symposium In ancient Greece, an aristocratic banquet at which men met to discuss philosophical and political issues and recite poetry. It began as a warrior feast. Rooms were designed specifically for the proceedings. , being held in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , February 29 - March 3, 2004. About AmeriQuest(R) Transportation and Logistics Resources Corp. AmeriQuest(R) Transportation and Logistics Resources Corp. is a privately held, national leader in the transportation industry, delivering substantial cost reduction to fleets, utilizing best practices and technology. Operating from over 525 locations and representing the direct purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. of more than 350,000 trucks and several hundred fleets, AmeriQuest, through a patented business process, arranges a broad range of transportation-related services, including full service leasing, dedicated contract carriage, logistics consulting, fleet management services, and procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. . AmeriQuest is also the exclusive provider of procurement and transportation related services for its strategic partners, such as FoodFleetXchange (in partnership with Food Marketing Institute, Food Marketing Institute's Wholesale Division and American Wholesale Marketers Association) and CarrierFleetXchange, and through the knowledge and content portal FleetXchange.com, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . AmeriQuest Premier Partners include CITGO Petroleum Corp., Yale Lift Trucks, Bandag, Inc., Sterling Truck Corp., Continental Tire
A Continental tire is an upright, external, mounted spare tire behind an automobile's trunk compartment. This term also describes a completely fake design that is stamped into the trunk lid. N.A., Freightliner Trucks, Morgan Corp., Cummins, GMC GMC See: Guaranteed Mortgage Certificate , Imperial and Fleetguard. Additional information is available at www.ameriquestcorp.com. About Complete Fleet Management, Inc. Complete Fleet Management provides customized highway transportation asset services solutions to customers of all sizes, which will now be offered under the AmeriQuest Asset Services umbrella. The basis of the AmeriQuest Asset Services approach will be the development of customer profiles, which lower overall transportation costs by optimizing fleet age and mix, purchasing, finance and disposal strategies. AmeriQuest Asset Services will also provide leadership in developing innovative customer finance programs for fleets of all sizes. The independence from any single manufacturer, leasing company or financial product is unique in the industry, allowing customers to implement the optimal transportation solution based solely on operational requirements (programming) operational requirements - Qualitative and quantitative parameters that specify the desired capabilities of a system and serve as a basis for determining the operational effectiveness and suitability of a system prior to deployment. . In addition to asset services and customer finance, AmeriQuest will offer customers a nationwide used truck, tractor and trailer disposal network, focusing on the right disposal solution for each individual asset. |
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