Celadon's TruckersB2B.com, Inc. and Michelin North America, Inc. Announce Tire Agreement
8 June 2000
Member Trucks Now Enrolled Exceed 128,000
INDIANAPOLIS - Celadon Group, Inc. today announced that its TruckersB2B.com subsidiary completed an agreement with Michelin North America, Inc. to provide member rebates on the purchase of Michelin truck tires and MRT retreads."We are delighted to have reached an agreement with Michelin for providing both new and retread truck tires to our members," stated Bob Helms, President and Chief Executive Officer of TruckersB2B.com, Inc. "Michelin is widely recognized as one of the leading suppliers of high quality tires worldwide. We are proud to have Michelin join our growing list of suppliers."
Randy Clark, Director of Marketing for Michelin Americas Truck Tires, stated, "Michelin is enthusiastic about this opportunity to be associated with TruckersB2B.com and to extend rebates to their members. This program combines the convenience of purchase through the existing network of authorized Michelin dealers with the new world of e-commerce represented by TruckersB2B." Michelin North America is a leading producer of truck tires and is affiliated with Michelin Retread Technologies, Inc.
TruckersB2B.com, Inc. is an Internet-based "business-to-business" membership program that provides discounted fuel, tires, equipment and other products and services to small- and medium-sized trucking companies and private fleets through its website. Through its discount program, it provides these member companies with the ability to cut costs, and thereby compete more effectively and profitably with the larger fleets.
Through its wholly-owned subsidiary, Celadon E-Commerce, Inc., Celadon Group is the majority owner of TruckersB2B.com.
The discussion set forth above as well as oral statements made by officers of the company relating thereto, may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such comments are based upon information currently available to management and management's perception thereof as of the date of this press release. Actual results of the company's operations could materially differ from those forward looking statements. Such differences could be caused by a number of factors including, but not limited to, potential adverse affects of regulation; changes in competition and the effects of such changes; increased competition; change in fuel prices; changes in economic, political or regulatory environments; changes in the availability of a stable labor force; ability of the company to hire drivers meeting company standards; changes in management strategies; environmental or tax matters; and risks described from time to time in reports filed by the company with the Securities and Exchange Commission. Readers should take these factors into account in evaluating any such forward looking statements.