press release

Chevron Press Release - Chevron Joins ESCRIP to Support the Education of Children In Washington State

SAN FRANCISCO, Aug. 17, 2000 -- Chevron and Electronic Scrip Inc. today announced that Chevron has expanded its participation supporting the eScrip school fund-raising effort. Following a successful launch in California, Hawaii and Nevada, eScrip is now available to schools and households in Washington. eScrip is the electronic successor to "paper scrip," an education fund-raising tool long familiar to parents.

The initial program enabled registered Chevron credit-card holders from California, Hawaii and Nevada to donate 2 percent of their Chevron credit-card purchases to designated community schools. From September 1999 through July of this year, all eScrip merchants generated $7.8 million to benefit schools and youth.

"Chevron is pleased to help provide additional funding for schools by participating in eScrip," said Patricia Woertz, president of Chevron Products Co. "This program fits into Chevron's existing community outreach programs, and we believe current and new credit-card customers will appreciate this easy option to give back to their local community."

"Having Chevron expand the scope of their eScrip program means so much to all our organizations and families," said Ian Diery, president and CEO of eScrip. "The Chevron name means so many good things, and their choice to join eScrip continues their example of corporate citizenship. We are proud to be associated with a company such as Chevron."

Chevron joins other merchants including Whole Foods Markets, Eddie Bauer, Old Navy, Payless Shoe Stores, Timberland and Budget Rent a Car, which contribute to schools and youth organizations through the eScrip program.

To participate, supporters simply register their designated credit cards, debit cards and grocery loyalty cards with eScrip. To participate, there is a nominal annual fee of $10 regardless of the number of cards registered. Every time a registered card is used at an eScrip merchant, the supporter earns dollars for their designated institutions. The contribution ranges from 2 to 17 percent, based on the participating merchant.

Chevron card holders can sign up for eScrip by registering their Chevron card through their enrolled local school or community group, or by calling eScrip at 1-800-592-0942. All products and services purchased in Chevron service stations and convenience stores using a registered Chevron credit card will be eligible for eScrip credit. Purchases by mail or using the Commercial Fleet Card are not eligible.

Paper-based fund-raising programs are an established source of funds for schools. Traditionally, schools would purchase paper gift certificates or "scrip" from businesses at a discount. The discount given created a donation to the school. Parents then purchased the paper scrip and redeemed it for purchases at these businesses.

"eScrip brings an unprecedented ease of use and provides the best vehicle for simple, year-round fund raising," Diery said.

Electronic Scrip Inc. of San Mateo is a California-based corporation dedicated to establishing relationships between commerce and community -- to provide resources to organizations and projects that support children.

Chevron has more than 12 million credit-card holders nationwide with more than 5.5 million in the four pilot states. Chevron is one of the largest marketers of gasoline and convenience goods in the U.S. with more than 8,000 retail outlets. Applications for Chevron credit cards may be completed by calling 800-FREE APP (1-800-373-3277), or by visiting www.chevroncreditcard.com.

Updated: August 2000