Celadon's TruckersB2B Subsidiary Reports July Fuel Usage Data.Business Editors INDIANAPOLIS--(BUSINESS WIRE)--Aug.23, 2000 -- Member Trucks Top 200,000 -- Celadon celadon Chinese, Korean, Siamese, and Japanese stoneware decorated with glazes the colour range of which includes greens of various shades, olive, blue, and gray. The colours are the result of a wash of slip (liquefied clay) containing a high proportion of iron that is Group's (Nasdaq: CLDN CLDN Calling Line Directory Number CLDN Claudin (gene family) ) TruckersB2B subsidiary today announced that the number of trucking companies using the TruckersB2B discount fuel network increased more than 40 percent in July compared to June. For July, 1,840 companies, representing approximately 60,000 trucks, used the network and earned rebates. Growth in fuel usage since the March launch is as follows: the number of companies that used the fuel network in March was 37, representing approximately 2,200 trucks; in April, 180 companies, representing approximately 11,000 trucks, used the network; and, in May, 420 companies, representing approximately 18,500 trucks, used the network; and, in June, 1,300 companies, representing approximately 45,000 trucks, used the network. The number of trucks is as reported by member data and has not been independently verified ver·i·fy tr.v. ver·i·fied, ver·i·fy·ing, ver·i·fies 1. To prove the truth of by presentation of evidence or testimony; substantiate. 2. . The current TruckersB2B member base totals more than 5,200 companies, representing approximately 205,000 trucks. TruckersB2B, Inc. is an Internet-based "business-to-business" membership program that provides discounted fuel, tires, equipment and other products and services to small- and medium-sized trucking companies and private fleets through its website www:truckersb2b.com. Through its 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. , Celadon E-Commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. , Inc., Celadon Group is the majority owner of TruckersB2B.com. Please visit the company's websites at: www.truckersB2B.com or www.celadontrucking.com. The discussion set forth above as well as oral statements made by officers of Celadon Group relating thereto there·to adv. 1. To that, this, or it. 2. Archaic In addition to that; furthermore. thereto Adverb Formal 1. to that or it 2. , may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Celadon Group's operations could materially differ from those forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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; changes in fuel prices; changes in economic, political or regulatory environments; changes in the availability of a stable labor force; the ability of Celadon Group 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 Celadon Group with the Securities and Exchange Commission. Readers should take these factors into account in evaluating any such forward-looking statements. For additional information on Celadon Group, Inc. free of charge via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , please go to http://www.tirc.com/invest/celadon/index.htm |
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