Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Pricelock and AAA Arizona Announce Fuel & Energy Procurement Partnership

December 14, 2011

Pricelock, the online fuel and energy solutions company, announced on Dec. 13 a partnership with AAA Arizona, the Arizona affiliate of AAA. Under the agreement, AAA Arizona’s business partners will gain access to Pricelock’s Marketplace and Fuel Price Protection programs. These products will enable the auto club’s business partners to meet fuel price hedging and procurement needs through customized online auctions.

“This partnership will enable us to bring cost-saving, flexible and easy-to-use energy solutions to our business partners, such as towing contractors,” said Todd McGee, VP/business development for AAA Arizona.

“Our programs streamline the energy buying and selling supply chain, utilizing technology to connect buyers and sellers,” said Naveen Agarwal, CEO of Pricelock. “We are excited to bring these benefits to AAA’s business customers across Arizona.”

Pricelock Marketplace is an Internet-based platform that enables energy buyers and sellers to manage reverse or sealed bid auctions and addresses complex delivery requirements through customization options. A comprehensive audit trail delivered by the platform reduces the energy buyer’s administrative and regulatory burdens.

For sellers, the program provides a direct and efficient platform to access customers. The online bidding process reduces sales and marketing costs to ensure the buyer is receiving the most competitive energy prices.

Pricelock’s Fuel Price Protection program allows companies to protect their fuel budgets by purchasing a plan that reimburses businesses when the national average fuel price rises above a pre-determined level.

Go to www.pricelock for more information.

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