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Valero Energy Corporation Partners With Transaction Network Services

Posted on: Wednesday, 25 April 2007, 09:22 CDT

Transaction Network Services, Inc. (NYSE:TNS), a leading provider of business-critical network and data communications services for transaction-oriented applications, has been selected by Valero Energy Corporation (NYSE: VLO) to provide broadband-based Internet Protocol (IP) networks and transaction solutions for its wholesale branded Valero locations.

The FusionPoint services from TNS enable Valero to set a technology standard to ensure store applications flow through one broadband pipe, simplifying connectivity and delivering significant savings in time and maintenance costs. Valero Energy Corporation, a leading marketer of refined products such as gasoline and diesel fuels, will market and contract directly with its wholesale distributor network. TNS will provide the back-end data connectivity to the stores meeting their specific requirements. These may include any combination of POS terminals, ATMs, automated tank gauging, check cashing, VoIP, DVR data and additional data communication needs.

"Valero's new partnership with TNS will provide our branded distributors with access to the highest standard of connectivity and data communications technology," comments Eric Moeller, Vice President-Wholesale Marketing for Valero. "TNS is an experienced provider of secure network connectivity and we are excited to be offering their FusionPoint products to our branded distributors."

"Valero is an ideal partner to help grow our FusionPoint solution," says Trevor Fall, Sr. Vice President, North American Sales, POS division TNS. "This alliance clearly strengthens our product offering, enhancing the inherent customer benefits of reduced cost and superior data organization. We look forward to developing a significant business partnership with Valero and expanding our ongoing relationship."

About Valero

Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 22,000 employees and annual revenue of more than $90 billion. The company owns and operates 18 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.3 million barrels per day, making it the largest refiner in North America. Valero is also one of the nation's largest retail operators with approximately 5,500 retail and branded wholesale outlets in the United States, Canada and the Caribbean under various brand names including Valero, Diamond Shamrock, Shamrock, Ultramar, and Beacon. Please visit www.valero.com for more information.

About Transaction Network Services, Inc.

Transaction Network Services (TNS) is one of the leading providers of business-critical, cost-effective data communications services for transaction-oriented applications. TNS provides rapid, reliable and secure transaction delivery across multiple vertical markets and trading communities.

Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS' networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. TNS' network technologies have been deployed in the United States and internationally, and TNS' networks have become preferred networks servicing the trading community, wireless and wireline carriers, and the card processing and dial-up automated teller machine markets. For further information about TNS' transaction solutions, please refer to www.tnsi.com.

Statements and information contained in our press releases and newsletters that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond our control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. www.tnsi.com

Source: Business Wire

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