Watco Companies, Inc. announces new railcar tracing service

Alan Elliott
Vice President-Customer Support and Billing Services
Watco Companies, Inc.
315 West 3rd Street
Pittsburg, KS 66762
620-231-2230 phone
620-231-2568 fax
E-mail: aelliott@watcocompanies.com

March 4, 2002

Dear Valued Customer:

Watco Companies, Inc. is pleased to announce a new service for our valued customers. This new service will allow you to trace your railcars on our railroads via the Internet at any time. This will allow you to see when cars were interchanged from or to our connections, date and time placed at your facility, and the history of the car while on our railroad to provide you with additional information for planning purposes and quality customer satisfaction.

If you are interested in this new service, please visit our website at www.watcocompanies.com, click on Car Tracing and follow the instructions. You will be prompted to complete a simple form to be submitted to supply you with a username and password to access our system. This verification process will ensure only active rail shippers have access to the car tracing records.

Please let us know if there are other services you require in order to provide you with continued quality rail transportation services.

Sincerely,

Alan Elliott-Vice President
Customer Support & Billing Services
Eastern Idaho Railroad
Kansas & Oklahoma Railroad
South Kansas & Oklahoma Railroad
Stillwater Central Railroad
Timber Rock Railroad

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                               Watco Companies, Inc. * 315 W. 3rd Street * Pittsburg, KS 66762 * Phone: 620-231-2230 * Fax: 620-231-0812