Wheels, Inc. Addresses Vehicle Fleet Management Training at NAFA Seminar

Failla outlines key issues in vehicle acquisition and disposal

DES PLAINES, Ill., March 14 -- Wheels, Inc., a leader in the multi-billion-dollar fleet-leasing industry, today announced that Regional Sales Manager Art Failla led a discussion on a number of current fleet challenges in his "Acquisition and Disposal" session at the National Association of Fleet Administrators (NAFA) Fleet Management Seminar. The well- attended seminar was held February 27 - March 1, 2005 in Houston, Texas.

  Topics covered during Failla's session included:
   -- Pros and cons of employee-provided versus employer-provided vehicles;
   -- Reimbursement programs;
   -- Acquisition management;
   -- Factory invoice and leasing document terms;
   -- Development of a vehicle selector list;
   -- Lifecyle analysis;
   -- Importance of depreciation management.

"The vehicle acquisition and disposal discussion is an essential topic for every fleet professional," Failla stated. "By providing a comprehensive understanding of the key cost elements that comprise a fleet's largest and most controllable cost factor - depreciation - my goal is to help provide attendees with the tools necessary to minimize the total lifecycle costs of their fleets," he continued. "Our participation in training at NAFA seminars underlines the ongoing commitment of Wheels, Inc. to building knowledge capital throughout the fleet management sector."

With more than 25 years of experience in the fleet management industry, Failla has been responsible for both client service and business development in the Southeastern US region since joining Wheels, Inc. in May 2000. He has been instrumental in developing innovative cost-reduction measures, including alternate fuel conversions and vehicle "right-sizing".

NAFA, an association for the automotive fleet management profession, held five modules during the seminar, each taught by a fleet professional. Invited attendees included fleet managers and professionals, finance and purchasing directors responsible for fleet programs, and safety and risk department supervisors.

About Wheels, Inc.

Wheels, Inc. ( http://www.wheels.com/ ), which pioneered the concept of auto leasing in 1939, provides a full range of specialized services to help corporations manage their vehicle fleets. Wheels has 550 employees and manages more than 240,000 vehicles. Its holding company, Frank Consolidated Enterprises, currently ranks as one of the largest private companies in the United States, with nearly $2 billion in annual sales. For additional information, please contact info@wheels.com.