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EXHIBIT 99
[CROWN NEWS RELEASE LETTERHEAD]
Press/Shareholder Inquiries:
FOR IMMEDIATE RELEASE J. STEVEN WISE, Manager,
Baltimore, Maryland-JANUARY 17, 2001 Corporate & Government Affairs
(410) 659-4859
CROWN CENTRAL ANNOUNCES END TO UNION LABOR DISPUTE
Crown Central Petroleum Corporation (CNPa and CNPb on the American
Stock Exchange) announced today the end of a five-year labor dispute
between the Company and the Paper, Allied-Industrial, Chemical, and
Energy Workers (PACE) local bargaining unit, Local 4-227, at its
Pasadena, Texas refinery.
Crown was informed today by PACE that the tentative agreement
between the parties announced on January 3, 2001 was ratified by Local
4-227 members. As a result, PACE will cease all boycott activities,
resolve all litigation with Crown, and end the "corporate campaign"
against the Company that was initiated by its affiliate, the Oil,
Chemical, and Atomic Workers Union (OCAW). In addition, the lockout of
the bargaining unit employees at the Pasadena refinery, which began in
February 1996, will come to an end.
Crown Chairman Henry A. Rosenberg, Jr. stated: "Crown is extremely
pleased that the labor dispute has come to an end. It is our intention
to move as quickly as possible to return these employees to work. We
look forward to a renewed and mutually beneficial relationship with the
union."
The Company will immediately send letters to the bargaining unit
employees that have not resigned or retired since the lockout began,
notifying them that the lockout has ended along with the procedures for
returning to work. The Company expects to recall all eligible
employees over the next several weeks.
Headquartered in Baltimore, Maryland since 1930, Crown operates
two Texas refineries with a total capacity of 152,000 barrels per day,
329 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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