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Wheels Named to InformationWeek Magazine Top 500 List

21 September 1998

Wheels Named to InformationWeek Magazine Top 500 List

    Des Plaines-based company recognized as information technology leader

    DES PLAINES, Ill., Sept. 21 -- Wheels, a leader in automotive
fleet management, has been recognized by InformationWeek Magazine as one of
the Top 500 most innovative users of information technology.
    The company, which pioneered the concept of auto leasing in 1939, now
provides a full range of specialized services to help corporations manage
their vehicle fleets.  Wheels, which has 550 employees, now manages more than
170,000 vehicles.  Its holding company, Frank Consolidated Enterprises,
currently ranks as one of the largest private companies in the U.S., with more
than $1 billion in sales.
    The InformationWeek 500 is the 10th annual industry report card prepared
by the 375,000-circulation weekly publication.  Showcased in the report are
top companies with at least $1 billion in annual revenue that demonstrate
superior technological, process and business innovation.
    "Wheels has always been a leader in developing fleet management computer
systems and using technology to maximize flexibility and response to client
needs," says Larry Runge, Vice President and Chief Information Officer for
Wheels.  "Our clients are faced with large amounts of complex fleet
information.  Helping them manage this information is one of the most
important things we do."
    "We are absolutely committed to providing information management systems
that are unmatched in our industry," says Jim Frank, President of Wheels.
"Being recognized by InformationWeek magazine as being one of the leading
innovators in information technology is an honor."
    The complete list of the Top 500 innovative companies was featured in the
Sept. 14 issue of InformationWeek and can also be found at
http://www.informationweek.com.  Wheels is listed under its holding company, Frank
Consolidated Enterprises.