FuelQuest Adds Two Key Executives to the Management Team

HOUSTON, TX - FuelQuest, the leading on-demand software and services company for the global downstream energy industry, announced the addition of Tom Benwell and Casey Zandbergen to its management team. Mr. Benwell joins as vice president of sales, and Mr. Zandbergen joins as vice president of strategic initiatives. With 2011 expected to be another year of continued domestic and international expansion, the addition of Benwell and Zandbergen provides critical industry and veteran leadership in the areas of sales execution, product development, and new market expansion.

Tom Benwell brings more than twenty years of sales and market development experience to the company. Prior to FuelQuest, Mr. Benwell was president and chief executive officer of Argus Advisory Group, a consulting firm specializing in executive development and sales team performance. He also served as vice president of global sales at Hewlett-Packard and Compaq Computer Corporation as well as vice president of sales and marketing at Nova Graphics International. Mr. Benwell received his bachelor of business administration degree from Texas A&M University and proudly served as a Captain in the U.S. Air Force.

Casey Zandbergen has over fourteen years of experience in technology product development and international market expansion in the mid-stream and downstream energy industries. Prior to joining FuelQuest, he was president and chief technology officer at World Telemetry. In addition, Mr. Zandbergen led the product development team at LPG Central that created the first patented, EPA approved wireless ATG system. He has also architected and led product development for petrochemical business intelligence and supply chain software solutions at Airgas, Inc. Mr. Zandbergen received his bachelor of arts degree from the University of Tulsa.

"We are pleased to welcome Tom and Casey to our executive management team," said Matt Tormollen, FuelQuest's president and CEO. "Both gentlemen bring extensive industry and functional experience to FuelQuest that will help us achieve our multi-year goals related to product innovation, market expansion, and international growth."

About FuelQuest
FuelQuest provides on-demand fuel management, tax automation, and compliance solutions for suppliers, distributors, buyers, and traders of petroleum products and other energy commodities. FuelQuest's solutions deliver operational and financial value to over 750 customers. These customers include leading global oil companies, international retailers, shippers and government entities. FuelQuest's fuel management solutions help customers manage the complexity, regulation and market volatility for more than 17 billion gallons of gasoline and diesel fuel annually. Its Zytax solutions ensure compliance and accuracy for tens of billions of dollars of energy-related excise taxes per year. For more information, please visit us at www.fuelquest.com.