Sure looks that way. Today's pr: Specialized Services, Inc. (SSI) Launches Cost-Savings Marketing Concept
PR Newswire - May 05, 2008 8:16 AM ET
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Unique distribution chain provides customers with discounts on fuel purchases and other services from a nationwide network of suppliers
Specialized Services, Inc. (Pink Sheets: SPSI), a Michigan-based company that offers customized purchase-support services to transportation clients, has launched an innovative cost-savings marketing concept, NOVEL, or Network of Value Enhanced Leadership.
"The concept behind NOVEL is that it allows our customers to tap into an exclusive network of suppliers that will provide highly competitive pricing on a number of products and services, including fuel," said SSI Chairman and CEO David E. Joseph. "We focus on vertical integration by acquiring gas stations and convenience stores that will become part of our state-of-the-art distribution network."
Specialized Services has completed three real estate transactions within its Real Estate Division to bulk up its new distribution network and is currently involved in discussions to establish joint ventures on future projects as a part of NOVEL. "In an environment marked by significant fluctuations in the price of fuel, our network -- which includes some 3,000 fuel stations nationwide -- provides stability and bottom-line savings to our customers," Joseph said.
As a full-service plan, the NOVEL network will also include an Insurance Platform as well as Financial Literacy and Credit Education. "There is a large population of consumers with good credit that receive bad credit products," Joseph explained. "We're looking to fix that for our customers."
To build the NOVEL brand and make its value-enhanced network more convenient for its transportation customers, Specialized Services plans to introduce an "SSI Fuel Card" in the coming months.
"The fuel card will provide our current trucking customers savings on transaction fees as well as discounts off posted prices for diesel fuel," said Chief Operating Officer Christopher Aldridge.
Specialized Services has strong ties to both ends of the fuel industry -- not only to consumers but also to vendors. The company has contractual arrangements with over eight fuel distribution centers, many of which operate multiple truck stops and similar facilities nationally.
For more information on SSI's suite of services, visit www.spsv-inc.com or call (248) 557-1030.
Specialized Services, Inc. ("SSI") is 17-year-old Michigan-based company that provides high-level expertise in the development and implementation of customized purchase support services that help transportation customers control expenses -- saving them time and money. For more information, visit www.spsv-inc.com.
Forward-Looking Statements
Statements included in this press release, which are not historical in nature, are intended to be, and are hereby identified as "Forward-Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be identified by words including "anticipate," "await," "envision," "foresee," "aim at," "plans," "believe," "intends," "estimates" "expects" and "projects" including without limitation, those relating to the company's future business prospects, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward- Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations. See www.sec.gov
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