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Colony Converts to MRT Retread Process

Release Date: 5/18/2009

PRESS INFORMATION

MICHELIN RETREAD TECHNOLOGIES SIGNS COLONY TIRE CORPORATION AS NEWEST FRANCHISEE



GREENVILLE, S.C. – (May 12, 2009) – Colony Tire Corporation, headquartered in Edenton, N.C., has been signed as the newest Michelin Retread Technologies (MRT) franchisee, according to Tom Brennan, vice president and director of MRT.

“Michelin is pleased to have such an excellent retread provider and industry-leading dealer like Colony Tire join our expanding network of MRT franchises,” said Brennan. “Our MRT retreading process supplies the highest quality retreads to trucking fleets and public transportation vehicles, enabling them to reduce their operating costs. Demand for MRT products, including our Michelin X One wide single retreads, is increasing, and Colony Tire will help meet that demand.”

Colony Tire has 20 commercial locations covered by this agreement that will be operational by the end of May and will bring the total number of Michelin Retread Technologies franchisees serving the North American market to 46.

“At Colony Tire, our primary objective is to exceed our customer's expectations for products and service,” said Charlie Creighton, CEO of Colony Tire. “MRT’s process and product offering are a perfect match for that objective. Our customers demand high-quality retreads, and MRT enables us to provide those products, which support our customers’ long-term growth and prosperity.”

MICHELIN® retreads bring new-tire technology to existing tires, offering proven tread designs and higher quality standards to deliver a reliable retread specifically designed to customer needs. MRT treads are built with proprietary Michelin compounds and tread patterns to mirror the performance of new MICHELIN truck tires.


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Dedicated to the improvement of sustainable mobility, Michelin designs, manufactures and sells tires for every type of vehicle, including airplanes, automobiles, bicycles, earthmovers, farm equipment, heavy-duty trucks, motorcycles and the space shuttle. The company also publishes travel guides, hotel and restaurant guides, maps and road atlases. Headquartered in Greenville, S.C., Michelin North America (www.michelintruck.com) employs more than 22,600 and operates 19 major manufacturing plants in 17 locations.
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For more information, visit www.michelinmedia.com or contact:

 
Tate Hoxworth
Michelin North America
(864) 458-4335
tate.hoxworth@us.michelin.com
Ryan Fisher
Jackson-Dawson Marketing Solutions
(864) 272-3023
ryan.fisher@jdsouth.com

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