Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

FleetCor and Commercial Fueling Network Announce Merger

September 18, 2003

FleetCor Technologies (“FleetCor”) and the Commercial Fueling Network (“CFN”) announced Sept. 18 that the two companies have merged. According to the companies, “the FleetCor-CFN combination creates the industry’s leading fleet card processing business, focused on serving the needs of petroleum marketers and business fleet operators.”“We see the fleet card industry entering a period of consolidation,” said Fred Bertetta, CFN’s founder. “FleetCor is a great fit for CFN, and CFN’s participants will be well served by the union.”“CFN is the perfect complement to FleetCor’s fleet card family of solutions,” said Ron Clarke, FleetCor's chairman and CEO. “We can now provide all petroleum market segments with a card solution that’s right for them.”Together, FleetCor and CFN process more than 100 million transactions annually representing over $3 billion dollars in purchases. The combined company will be headed by Ron Clarke and maintain a national network of 16 local company offices, including the existing Atlanta and San Francisco HQ locations.About CFNCFN, established in 1988, is a provider of fleet card processing and networking services for commercial fueling cardlock operators.The CFN network is comprised of 350 petroleum marketers with 2,500 retail and cardlock fueling locations throughout the United States and Canada.For more information on CFN, visit www.cfnnet.com.About FleetCor TechnologiesFleetCor Technologies was established in 2000 with the goal of becoming the leading fleet card issuing and processing company in the industry.Today, FleetCor’s card programs are marketed under a variety of private-label and proprietary brand names, including Fuelman, Gascard, and FleetNet.For more information on FleetCor, visit www.fleetcor.com.
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