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GASCARD INC. ANNOUNCES FRANCHISEE AWARDS AT NATIONAL MEETING

 GASCARD INC. ANNOUNCES FRANCHISEE AWARDS AT NATIONAL MEETING
 CARLSBAD, Calif., Oct. 30 /PRNewswire/ -- Gascard Inc. (OTC Bulletin Board: GSCD) of Carlsbad, announced the following franchisee awards at its 1992 National Franchisee meeting held recently in Kansas City, Mo.:
 -- Network Development - A.N. Rusche Distributing Co., Houston, which opened 60 new sites;
 -- Significant Volume Increase - Carolina Gascard, Sanford, N.C., which achieved an 86 percent volume increase;
 -- Marketing Creativity - Peninsula Oil Co., Seaford, Del., for production of a very effective radio advertisement;
 -- Sixth 5 Million Gallon Club entrant - Queen Oil & Gas Inc., Artesia, N.M.;
 -- 14th, 15th and 16th 2 Million Gallon Club entrants - Carolina Gascard, Sanford; Spinx Auto Fueling System Inc., Greenville, S.C.; and Tri-Counties Gascard, Santa Ynez, Calif.;
 -- Rookie of the Year - Fuel Express South of Mount Pleasant Inc., Mt. Pleasant, S.C., for significant volume processed through the Gascard system during its first year of operation;
 -- Customer Appreciation - Fuel Management System, Fort Worth, Texas, based on a vote of Gascard's Customer Service personnel; and
 -- Franchisee of the Year - The SICO Co., Mount Joy, Pa., for exceptional overall performance including site and volume growth, creative and effective marketing programs, image compliance and general contribution to network expansion.
 Gascard Inc.'s Chairman and Chief Executive Officer Lindsay B. Holland, also announced that the company during 1992 had implemented 10-day electronic settlement of franchisees' network transactions, completed the basic Sinclair Fleet Fueling system product development including: cost-plus pricing, new POS terminal, and interchange with the Gascard and PayPoint networks; increased gallons processed from the prior fiscal year by 22 million (15.2 percent; August 1992 was up almost 3.5 million gallons or 25 percent compared with August 1991), and that Gascard expects to report strong fourth quarter and August year-end results (approximately 50 percent higher than the company's record 1990 profit of $155,000).
 Background - Gascard Inc.:
 Gascard provides fuel management services to tens of thousands of commercial and governmental fleets that transact more than 15 million gallons of fuel per month through more than 2,630 locations in 38 states. Since 1981 Gascard has transacted more than 1.2 billion gallons. The company has contracts to provide fuel management services for the California Energy Commission and the states of Delaware and Utah and to process a proprietary fleetcard for Sinclair Oil Corp. The Gascard network also has interchange agreements with ARCO's PayPoint and Sinclair's Fleet Fueling networks.
 Gascard has developed and markets nationally a comprehensive card-activated fuel management system designed to reduce commercial and governmental fleet fueling costs. The Gascard system can prevent unauthorized purchases; lower accounting, administrative and other costs of fleet fueling; and eliminate or lessen the environmental risks of underground fuel storage tank ownership or operation. Each billing cycle the Gascard system reports complete fleet fueling transaction data -- date, time, site, vehicle, driver, odometer, miles per gallon, cents per mile, product, volume, price, extension and excise tax details -- which fleet managers can use to maximize fleet efficiency. Through Gascard's 127 franchisees, which are typically independent petroleum marketers, more than 500 salespeople market the Gascard system primarily to local and regional delivery, sales and service fleets, such as fuel and beverage distributors, overnight package delivery services, taxis, public utilities and governmental agencies.
 Gascard was originally organized in May 1981 and went public through an offering of its common stock in March 1987. In January 1990 the U.S. Patent Office issued Patent No. 4,891,503 to Gascard for its Distributed Authorization System. This sophisticated database management program automatically maintains individualized subsets of Gascard's national database in local point-of-sale terminals which enables them to authorize and process transactions almost instantaneously without recourse to Gascard's central computer and thus at a greatly reduced telecommunications cost. Gascard's common stock is traded on the over the counter market.
 -0- 10/30/92
 /CONTACT: Lindsay B. Holland of Gascard, 619-431-3200, ext. 120/
 (GSCD) CO: Gascard Inc. ST: California IN: OIL SU:


JB-JL -- SD002 -- 7058 10/30/92 11:02 EST
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Date:Oct 30, 1992
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