RoadOne Debuts Fuel Savings Program
14 October 1998
RoadOne Debuts Fuel Savings ProgramCHATTANOOGA, Tenn., Oct. 13 -- Miller Industries, Inc. today announced that its RoadOne(TM) subsidiary has launched a national fuel program for its network of wholly owned and affiliate towing service companies. This is the first program of its type in the industry. The Company expects participants in the program to save an average of $0.03-$0.04 per gallon on fuel purchases. Each affiliate must meet the credit requirements of each fuel provider, and will be directly responsible for all payments. Adam Dunayer, President of RoadOne(TM), stated, "Part of the purpose of establishing RoadOne(TM) was to pass along savings in operating costs to our operating companies and participants in our affiliate network. The establishment of our fuel savings program extends the tangible benefits we are providing, which include our tire and insurance programs. Based on the figures determined from RoadOne(TM)-owned companies, fuel expenses average approximately six percent of a tower's revenues. This program could potentially save these companies thousands of dollars on fuel expenses annually." Miller Industries is the world's leading integrated provider of vehicle towing and recovery equipment and services. The Company markets its towing services under the national brand name RoadOne(TM) and its towing equipment under a number of well-recognized brands. Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. The Company noted that forward looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed under the caption "Risk Factors" in the Company's Form 10-K for fiscal 1998, which discussion is incorporated herein by this reference.