Our target customers are effectively every business and governmental entity around the world as well as we're targeting all of the major oil companies both in United States and around the world as well. We're a global company. We're well diversified. We're actually in 21 countries today and have 17 or so offices around the world. But our offices or our business is primarily in five geographies. We're in the United States, we're in the UK, we're in the Czech Republic, we're Russia, we have a business in Mexico that we acquired last year, I guess we're in six now, we're going to be six. A week or so ago we announced that we are in the process of acquiring a company in Brazil, so we'll be into Latin America kind of market as well.Our company has a tremendous track record of growth. If I go back and look at over the last kind of seven or eight years, we've grown our revenue at a compounded annual growth rate from 2003 to 2011 at about 28% and more impressively we've grown our cash net income over that same period of time at a compounded annual growth rate of about 41% and in doing so we used a three plank growth strategy. We build the businesses that we own, we buy a new attractive penetrated geographies and we partner with new major oil companies as an example, United States, for those of you who don't know, we process commercial cards on behalf of Chevron, BP, Arco, Citgo and more recently we have signed an agreement to process transactions on behalf of Euroshell. So it's our first kind of entry into the European market from a private label and partnering perspective.
FleetCor Technologies Management Presents At 40th Annual J.P. Morgan Global Technology, Media And Telecom Conference (Transcript)
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