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FleetPride Announces E-Commerce Business Unit

13 January 2000

FleetPride Announces E-Commerce Business Unit

    DEERFIELD, Ill.--Jan. 13, 2000--FleetPride, the nation's largest independent distributor of heavy-duty truck parts, today announced the formation of an e-commerce business initiative. David Seewack, former Vice President and General Manager of the FleetPride Western Region, has been named as President and CEO of the new venture effective February 1, 2000.
    FleetPride, which was formed in September 1999 through the merger of QDSP Holdings, Inc. and HDA Parts System, Inc., currently operates more than 170 locations with revenues in excess of $550 million. In addition to the new e-commerce initiative, FleetPride's core services include parts distribution, remanufacuturing, truck repair, and vehicle maintenance services. Through its e-commerce initiative, FleetPride will explore and develop new business opportunities as well as new methods to service its current customer base.
    John Greisch, President and CEO of FleetPride said of the new business venture, "We recognize the opportunity for e-commerce to improve our current menu of services and to expand that offering in the market place. As the leader in the independent heavy-duty aftermarket we realize that we must keep pace with our customers' needs. We know that David Seewack, with his experience and vision, will make this venture a profitable one for FleetPride and our customers."
    David Seewack has more than 20 years experience in the heavy-duty aftermarket and was the former CEO of Associated Truck Parts before it was acquired by FleetPride in January 1999.
    "I am looking forward to the new opportunities that our e-commerce business initiative has to offer. FleetPride recognizes that e-commerce will play an important role for both the distributor and the manufacturer and we want to be proactive in putting our systems in place," said Seewack.

    Comments in this release contain forward-looking statements, which are based on management's good faith expectations and beliefs concerning future developments. Actual results may materially differ from these expectations as a result of many factors.