Veeder-Root Completes Agreement With Red Crown Marketing.SIMSBURY, Conn.--(BUSINESS WIRE)--April 8, 1999--Veeder-Root has negotiated an agreement with Red Crown Marketing under which we will offer a special discount program on our Simplicity(SM) Petroleum Data Services (SPDS SPDS Scalable Performance Data Server (SAS) SPDS Space Physics Data System SPDS Seller's Property Disclosure Statement SPDS Substances and Point and Diffuse Sources ) Compliance Services to Red Crown Independent Members. Red Crown Marketing is a national marketing services company structured as a co-operative exclusively serving independent BP Amoco-branded locations nationwide. By combining the potential 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 all independent BP Amoco locations, Red Crown is focused on reducing expenses for its petroleum marketers. Veeder-Root's Simplicity Petroleum Data Services is a remote monitoring (protocol) remote monitoring - (RMON) A network management protocol that allows network information to be gathered at a single computer. Whereas SNMP gathers network data from a single type of Management Information Base (MIB), RMON 1 defines nine additional MIBs that provide a and data collection service that connects Veeder-Root technicians to tank and line monitoring equipment installed at retail and commercial sites. Using satellite and modem communications, Simplicity technicians are connected to sites 24 hours a day, 7 days a week, collecting data, monitoring tanks and lines, responding to alarm conditions, providing tank inventory and reconciliation data and compliance reports for customer's underground storage tank An Underground Storage Tank (UST), in United States environmental law, is a tank and any underground piping connected to the tank that has at least 10 percent of its combined volume underground. and line systems. Our new Fuel Logistics Services provides daily electronic reports which forecast and recommend fuel delivery requirements The stipulation that requires that an item of materiel must be delivered in the total quantity required by the date required. on a per tank or a per site basis for all of a customer's fueling sites. Jonathon M. Lanphier, President of Red Crown Marketing said, "Our agreement with Veeder-Root allows us to combine the purchasing and promotional power of independent BP Amoco locations nationwide. Red Crown benefits, such as the special pricing on Veeder-Root's Simplicity PDS (1) (Processor Direct Slot) A single expansion slot on certain, early Macintosh models that was used to connect high-speed peripherals as well as additional CPUs. Providing a channel directly to the CPU, the PDS coexisted with NuBus slots on some models. , allow our members to maintain a sustainable competitive advantage." Kel Landers, Veeder-Root's Vice President of Marketing, said, "We are very pleased with the opportunity to work with Red Crown Marketing to provide its members with affordable access to a comprehensive and valuable service offering." |
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