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EXHIBIT 99
[CROWN NEWS RELEASE LETTERHEAD]
All Inquiries:
FOR IMMEDIATE RELEASE J. STEVEN WISE, Manager,
Baltimore, Maryland-October 11, 2000 Corporate & Government
Affairs
(410) 659-4859
CROWN CENTRAL ANNOUNCES TENTATIVE AGREEMENT WITH PACE UNION
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Crown Central Petroleum Corporation (CNPa and CNPb on the
American Stock Exchange) and the Paper, Allied-Industrial, Chemical
and Energy Workers International Union (PACE) today released a joint
statement announcing that they had reached a tentative collective
bargaining agreement. The text of the statement is as follows:
CROWN AND PACE ANNOUNCED TODAY THAT THEY HAD REACHED A
TENTATIVE COLLECTIVE BARGAINING AGREEMENT SUBJECT TO
RATIFICATION BY THE LOCAL BARGAINING UNIT AND THAT PACE
WILL END ITS "CORPORATE CAMPAIGN" AGAINST CROWN THAT WAS
BEGUN BY ITS AFFILIATE, THE OIL, CHEMICAL, AND ATOMIC
WORKERS (OCAW) INTERNATIONAL UNION. UNDER THE AGREEMENT,
PACE WILL END ALL BOYCOTT ACTIVITIES AND RESOLVE ALL
LITIGATION WITH CROWN. PACE AND CROWN ALSO TENTATIVELY
AGREED TO A NEW COLLECTIVE BARGAINING AGREEMENT AND THE
FOUR AND ONE-HALF YEAR LOCKOUT AT THE PASADENA, TEXAS
REFINERY WILL COME TO AN END.
IN ANNOUNCING THE AGREEMENT, PACE PRESIDENT BOYD YOUNG
AND EXECUTIVE VICE PRESIDENT ROBERT WAGES (FORMERLY OCAW
PRESIDENT) STATED: "WE ARE PLEASED THAT THE FOUR AND ONE-
HALF YEAR OLD LOCKOUT OF OUR MEMBERS AT THE PASADENA PLANT
HAS COME TO AN END. THE DISPUTE IS BEHIND US AND IT IS
TIME FOR BOTH PARTIES TO MOVE FORWARD."
HENRY A. ROSENBERG, JR., CHAIRMAN OF CROWN, STATED: "CROWN
IS PLEASED THAT WE HAVE BEEN ABLE TO REACH A MUTUALLY
ACCEPTABLE RESOLUTION OF ALL MATTERS AT ISSUE BETWEEN THE
PARTIES. WE LOOK FORWARD TO NOW FOCUSING OUR EFFORTS ON
MAXIMIZING THE PRESENT AND FUTURE OPPORTUNITIES AVAILABLE
TO THE COMPANY TO ENHANCE THE SUCCESS OF CROWN'S BUSINESS,
AND THE WELFARE OF OUR EMPLOYEES AND SHAREHOLDERS."
Headquartered in Baltimore, Maryland since 1930, Crown operates
two Texas refineries with a total capacity of 152,000 barrels per
day, 327 Crown gasoline stations and convenience stores in the Mid-
Atlantic and Southeastern U.S., and 13 product terminals along the
Colonial, Plantation and Texas Eastern Products pipelines.
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