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GE CAPITAL FLEET SERVICES, CPC SIGN JOINT MARKETING AGREEMENT

 MINNEAPOLIS, April 13 /PRNewswire/ -- GE Capital Fleet Services announced today it has signed a joint marketing agreement with Computer Petroleum Corporation (NASDAQ: CPCO) (CPC) to provide communication- based products and services on alternative fuels to the U.S. fleet industry.
 "The automobile fleets of corporate America will need to begin making significant changes to comply with the changing emission standards and provisions of the Clean Air Act Amendment," said Teresa LeGrand, president and chief executive officer of GE Capital Fleet Services. "This agreement is a further extension of the dedicated resources we've invested over the last two years to provide proactive leadership to our industry as alternative fuel use is developed and implemented."
 The Clean Air Act Amendment, for example, requires federal fleets to begin phasing in clean-fuel vehicles beginning with the 1995 model year, according to bill Gallagher, director of alternative fuel services at GE Capital Fleet Services. "A substantial percentage of over eight million fleet vehicles, both private and government, will be required to convert to alternative fuels in 1997," Gallagher said.
 CPC, headquartered in St. Paul, Minn., provides energy information and customized news and commentary to the energy industry on all fuels through an electronic information network. Its Petronet electronic network has the largest petroleum price database and is one of the largest providers of petroleum product price information and news in North America.
 "This joint agreement helps CPC broaden its opportunities in the commercial fleet market by leveraging the synergies of both industry leading companies," said Gordon Klemp, chief operating officer for CPC.
 The two companies plan to initially provide fuel pricing software, industry newsletters, alternative fuel conferences and customer hotlines.
 GE Capital Fleet Services is the leading corporate fleet management company in the world with more than 620,000 cars, trucks and specialty vehicles under lease and service management. It has more than 98 offices throughout North America and Europe.
 GE Capital, headquartered in Stamford, Conn., a wholly owned subsidiary of General Electric Company, is a diversified financial services company with assets exceeding $92 billion. GE Capital's financing activities include specialty insurance, consumer services, specialized financing, equipment management and mid-market financing. GE is a diversified manufacturing, technology and services company with operations worldwide.
 -0- 4/13/93
 /CONTACT: Robert Cochrane of GE Capital Fleet Services, 612-828-2916, or (home) 612-683-1174/
 (CPCO)


CO: GE Capital Fleet Services, Computer Petroleum Corporation, General
 Electric Company ST: Minnesota IN: AUT SU:


AL -- MN009 -- 5426 04/13/93 17:30 EDT
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Publication:PR Newswire
Date:Apr 13, 1993
Words:410
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