SPX Selected As Partner By Bridgestone/Firestone, Inc.
16 April 1999
SPX Service Solutions Selected As Service Equipment Program Partner By Bridgestone/Firestone, Inc.WARREN, Mich., April 16 -- Service Solutions, a unit of SPX Corporation , today announced an agreement with Bridgestone/Firestone, Inc., Rolling Meadows, Illinois, to assume the administrative functions of Bridgestone/Firestone, Inc.'s service equipment program. Under the agreement, SPX Service Solutions will market Bridgestone/Firestone, Inc.'s "approved" service equipment to over 3,800 Bridgestone/Firestone, Inc. dealers throughout the United States. Prior to this agreement, Bridgestone/Firestone, Inc. managed its service equipment program internally. As the administrator of Bridgestone/Firestone, Inc.'s service equipment program in the United States, SPX Service Solutions will provide: * "One-stop" shopping for dealers' overall service equipment needs * Access to thousands of Bridgestone/Firestone, Inc. approved products and equipment * Value Match Pricing that assures dealers of the most competitive prices * National field representatives available for on-site appointments and personal consultation * Free phone ordering and service, 1-888-822-8665, by trained professional consultants * Free equipment and systems planning service for new facilities and major renovations * Strong purchasing power, a source for product service and warranty questions * Ongoing quarterly promotions, product updates, and a full line equipment catalog * Guaranteed one year minimum parts and labor warranty on all equipment Bob Gilman, Bridgestone/Firestone Manager Dealer Equipment Sales commented, "This program will continue to provide Bridgestone/Firestone Dealers with high quality products and competitive prices for all of their equipment and equipment service needs. We are excited about the opportunity to make this service available to our Dealers." Tom Riordan, President, SPX Service Solutions, commented, "The strategic agreement with Bridgestone/Firestone represents a classic example of the complete service solution that we provide to the market. The well known Bridgestone/Firestone brands and services combined with the SPX capabilities will increase sales and improve customer satisfaction for our mutual organizations." Service Solutions, a unit of SPX Corporation, is a leader in special service tools and equipment, electronic diagnostics, emissions testing equipment and technical information services for the global motor vehicle industry. SPX Corporation is a global provider of industrial products and services, technical products and systems, service solutions and vehicle components. The Internet address for SPX's home page is http://www.spx.com. Certain statements in this press release are forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and are subject to the safe harbor created thereby. Please refer to the Company's Form 10-K for 1998, and its 1998 Third Quarter Report on Form 10-Q for discussion of certain important factors that relate to forward looking statements contained in this press release. Although the Company believes that the expectations reflected in any such forward looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.