(DALLAS, TX - January 29, 1999) - Conoco has signed an agreement with Brink's
for CompuSafeŽ Service, an in-store electronic cash management system that
combines sealed cash storage, armored transportation, and secure processing and
banking of funds.
"Our team of store managers are terrific salespersons," explained Conoco
District Manager, Curtis Franklin. "They love interacting with customers, and
they're very good at it. With CompuSafe Service, they can spend less time
counting cash, get out of the back office, and devote more hours to
strengthening customer relationships, driving sales and - equally as important -
training other employees to do the same."
Brink's CompuSafe Service is a revolutionary, end-to-end, cash processing
solution. When store employees deposit currency into the CompuSafe unit, it
reads and validates the bills, placing them in secure cassettes that can be
opened only by Brink's personnel. Brink's armored transportation service
collects the cassettes - a transaction which does not require the manager to be
present, and generally takes less than five minutes. The sealed containers of
cash are opened in Brink's secure currency room, deposits from all Conoco
locations are verified and combined, and transferred electronically to Conoco's
bank. Because Brink's controls the entire process, including maintenance of the
safe, it guarantees to Conoco that the amount of cash reported in the cassettes
when picked up will be the amount deposited.
Brink's technology provides a complete sales audit by employee, shift, and
business day. Data for all of Conoco's CompuSafe locations, regardless of number
or geographic distance, are combined into store end-of-day and consolidated
bank-deposit reports and communicated to their Treasury.
"Security in our stores has also been greatly enhanced," commented Franklin.
"Cash is less exposed - which reduces the risk to personnel and minimizes the
chance of loss or theft. The CompuSafe reporting function has been very helpful,
too. We simply use the totals from the safe at the end of day to reconcile our
daily sales. Since we know that the amount of cassette cash printed at the time
of pick up is guaranteed to be the amount deposited at the bank, the entire
process is much more efficient and very, very streamlined."
For more information on CompuSafe Service, call 1-800-BRINKS-5 or visit
www.brinks.com.
Brink's, founded in 1859, is the largest provider of armored services in the
world, with over 150 facilities in the United States and a global network that
spans over 50 countries. Pittston Brink's Group Common Stock (NYSE-PZB),
Pittston Burlington Group Common Stock (NYSE-PZX), and Pittston Minerals Group
Common Stock (NYSE-PZM), represent the three classes of common stock of the
Pittston Company, a diversified company with interests in security services
through Brink's Incorporated and Brink's Home Security, Inc. (Pittston Brink's
Group), global freight transportation and logistics management services through
BAX Global (Pittston Burlington Group), and coal and gold mining (Pittston
Minerals Group).