Wheels, Inc. President Jim Frank Receives IARA Circle of Excellence Award

Award Presentation Kicks Off 2006 CAR Conference

DES PLAINES, Ill., March 13 -- Wheels, Inc., a leader in the multi-billion-dollar fleet-leasing industry, today announced that the International Automotive Remarketers Alliance (IARA) has presented President Jim Frank with its Circle of Excellence Award. The presentation took place on March 8, and preceded the opening of the 2006 Conference of Automotive Remarketing (CAR) at Caesar's Palace in Las Vegas.

The IARA is an international organization focused on enabling members to assist, educate, and share knowledge with one another and with industry partners so that each member is empowered to achieve the fullest efficiency and most continued improvement possible in the commerce of selling vehicles through the marketplace.

Frank was honored for his significant contributions to the betterment of society and to the remarketing industry. As Wheels President and CEO, he has led the company through rapid growth and expansion in addition to holding multiple top industry posts including chairmanship of the American Automotive Leasing Association. Frank has also represented the leasing industry in Washington, D.C. and is an active Board member of multiple civic organizations.

"It is a pleasure and a privilege to be recognized by the IARA with this award," said Frank. "Wheels is committed to supporting the IARA's high ethical standards in every area of business conduct and we will continue our efforts to share ideas, knowledge and best practices with all members of the remarketing community."

About Wheels, Inc.

Wheels, Inc. (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 North America, with nearly $2 billion in annual sales. For additional information, please contact info@wheels.com.