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EMKAY Purchases Canadian Assets From JPL Vehicle Management Services

February 1, 2011- Press Release

ITASCA, IL - JPL Vehicle Management Services of Toronto, Ontario Canada has agreed to sell the vast majority of its commercial fleet assets to EMKAY Canada of Toronto, Ontario Canada. Further, EMKAY will acquire all of the assets and management of vehicles under JPL’s fuel and maintenance programs operating under the name “ScoreTrak”, as well as other products.

Since the origination of Leasemaster by its late mentor and the father of this business, Stewart Esplen in 1966, the acquisition of Hartfield Chieftain Leasing in April 1990 and subsequent amalgamation with Leasemaster National in 1997, the Humberview Group and JPL has served thousands of customers across Canada, delivered hundreds of thousands of fit for purpose vehicles and emerged from every economic cycle positioned for further growth based on our core mission of delivering individualized service and value to our customers.

“After an extensive analysis we have concluded that Emkay will deliver a more cost effective, long-term value proposition to our commercial fleet customers and the associated teammates who service these customers than we could achieve operating on our own,” said Jim Peplinski, founder of Jim Peplinski’s Leasemaster.

EMKAY Inc. of Itasca, Illinois U.S.A., has been providing fleet leasing and management services since 1946, and has operated in Canada for nearly two decades. EMKAY is dedicated to providing innovative technology solutions, as well as proactive yet expeditious service to business that have fleets ranging from 5 vehicles to over 1000.

“We are excited to expand our business in Canada, further diversify Emkay overall with this strategic transaction, as well as proactively grow within the Canadian market. We believe that JPL customers should realize significant value with our expanded product offerings. Combining JPL and Emkay’s mutual focus on the client will produce an ideal service and technology solution to fleet customers,” said Greg Tepas, Emkay President and CEO.

President of JPL, Alex Connolly, confirmed that the commercial fleet business is a demanding, competitive field, requiring significant new capital annually, systems capabilities, cross border client servicing requirements and scale. This transaction creates a stronger product offering including a robust web interface, additional new products immediately available, cross border servicing and more opportunities for growth. Jim Peplinski’s will continue to operate across Canada focusing on core commercial fleets of less than 15 vehicles and specific individual vehicle needs.

“EMKAY is quality organization.  We are confident the customers and people who are being transitioned to EMKAY to grow their Canadian business will be well served by this transaction,” says Peplinski.

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