Convenience USA Selects TelaPoint’s Internet Petroleum Supply Chain Solution

Durham, North Carolina based convenience store operator and petroleum marketer will implement TelaFuel to manage fuel replenishment processes

LOUISVILLE, KY — May 29, 2002 — TelaPoint, Inc., a leading Internet supply chain software provider for the Convenience Store and Petroleum industry, today announced that Convenience USA has selected its TelaFuelTM Internet software solution to streamline and manage its fuel replenishment process. Convenience USA will use TelaFuel, a browser-based application suite, to improve management of fuel replenishment operations across more than 170 convenience stores located in the southeastern United States. With TelaFuel, Convenience USA will electronically process fuel replenishment transactions with preferred fuel carriers to better manage petroleum inventories and supply logistics, resulting in lower costs, greater administrative efficiency and enhanced relationships with transportation suppliers. “Our decision to implement TelaPoint’s Internet supply chain solution supports our business strategy to improve operational controls and reduce administrative costs across our petroleum operation,” said Troy Seymour, Vice President of Petroleum Operations and Strategic Planning and Development with Convenience USA. “TelaFuel will help us reduce fuel inventory costs and improve the coordination of petroleum supply transactions with our transportation partners.” “TelaPoint is proud to announce Convenience USA’s selection of TelaFuel to support its retail petroleum goals and is committed to assisting Convenience USA in achieving enhanced fuel supply efficiencies,” said TelaPoint’s President, Mike Dahlem. “We are very encouraged by the increasing momentum and acceptance we are achieving with our TelaFuel solution across the Convenience Store and Petroleum marketplace.” TelaFuel is an Internet supply chain software solution that includes Smart ReplenishmentTM, Smart SellingTM and Smart BuyingTM. The TelaFuel solution helps companies realize fewer communication errors with transportation partners, lower fuel inventory and replenishment costs, and make better fuel purchasing and pricing decisions. All TelaPointTM customers have secure access through browser-based software applications allowing for timely and accurate communication with their authorized trading partners. TelaPoint’s Internet services extend and redefine interaction and collaboration between trading partners in the Convenience Store and Petroleum supply chains.

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