First Priority Group Receives Major Fleet Contract
23 September 1998
First Priority Group Receives Major Fleet ContractPLAINVIEW, N.Y., Sept. 23 -- First Priority Group, Inc. , reported today that its National Fleet Service division has received a three year contract to administer auto collision and subrogation services for one of the nation's largest corporate fleets. "This contract is one of the largest we have signed, and it should make a significant contribution to overall sales and earnings," said Barry Siegel, Chairman and Chief Executive Officer of First Priority Group. Mr. Siegel said, "The company is a major corporation with operations nationwide." In addition he stated, "The process of bringing all the fleet's vehicles into the program would extend throughout the fourth quarter." National Fleet Service, First Priority Group's largest division, currently administers fleet auto collision programs for some of America's most prestigious companies. First Priority Group is primarily engaged directly and through its wholly owned subsidiaries in nationwide managed auto care services for self-insured corporate fleets, insurance companies, members of affinity groups and consumers. Certain information contained herein includes information that is forward-looking. The matters referred to in forward-looking statements may be affected by the risks and uncertainties involved in the Company's business. These forward-looking statements are qualified in their entirety by the cautionary statements contained in the Company's Securities and Exchange Commission filings.