HOUSTON, April 9 /PRNewswire/ -- James J. Postl, president and CEO of
Pennzoil-Quaker State Company (NYSE: PZL) will speak today at 3:45 p.m. EDT at
the Morgan Stanley Global Automotive Conference in New York.
In his speech, which investors can listen to at
http://www.pennzoil-quakerstate.com, Postl will provide an overview of the company,
its operating structure and a discussion of the growth strategy. In addition,
Mr. Postl will review the company's two-year transformation from an integrated
oil company to becoming a focused consumer products company.
Since the formation of Pennzoil-Quaker State Company in late 1998, the
company has provided strong earnings growth, successfully reduced its cost
structure and built its management team. Vital to achieving the consumer
products vision, the company has announced the sale of, or has sold, all of
its non-strategic refining and other commodity assets.
Looking forward, Postl will outline the company's plan for continued cost
structure improvement, debt reduction and significant earnings and margin
growth. Participants at the conference were shown that with dividend
reinvestment, Pennzoil-Quaker State Company stock provided shareholders with a
35 percent return in 2000.
Note: This press release, the audio webcast and presentation contain
forward-looking statements. Actual events or results may differ materially
from such statements. Investors should consult the company's filings with the
Securities and Exchange Commission for information about factors that could
cause such differences.
Pennzoil-Quaker State Company is a leading worldwide automotive consumer
products company, marketing over 1,300 products with 20 leading brands in more
than 50 countries. The company markets Pennzoil(R) and Quaker State(R) brand
motor oils, the number one and number two selling motor oils in the United
States. Jiffy Lube, a wholly owned subsidiary of Pennzoil-Quaker State
Company, is the world's largest fast lube operator and franchiser. For more
information about Pennzoil-Quaker State Company, visit its web site at
http://www.pennzoil-quakerstate.com/.
SOURCE Pennzoil-Quaker State Company
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Related links:
http://www.pennzoil-quakerstate.com
Company News On-Call:
http://www.prnewswire.com/comp/684550.html or fax,
800-758-5804, ext. 684550
CONTACT:
Ray Scippa of Pennzoil-Quaker State Company,
713-546-8942
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