GE Capital Fleet Services announced on Nov. 15, 2000 it has signed an agreement with Pennsylvania-based Innovative Fleet Management, Inc. to develop a direct-to-dealer used-vehicle resale channel in the United States. GE Capital Fleet Services will begin remarketing a portion of its off-lease vehicles through Innovative Fleet Management’s patent-pending web-based system for U.S. custom-ers with commercial cars and trucks. GE Capital Fleet Services remarkets over 150,000 vehicles in North America. GE Capital Fleet Services’ remarketing team, coupled with Innovative Fleet Management’s more than 15 years of experience in the automotive and dealer industries, provides an approach that leverages technology and reduces paperwork, while simultaneously supporting fulfillment operations. Innovative Fleet Management’s solution offers a national network of automotive dealers and provides the opportunity to obtain, inspect, recondition and house vehicles prior to transfer. This dealer network currently covers 14 states and will grow to all 50 states by the second quarter of 2001.