GREYHOUND LINES ACQUIRES LOGO RIGHTS
and Five Terminals from Former Parent Company
DALLAS, Sept. 10 /PRNewswire/ -- Greyhound Lines, Inc. (Amex: BUS) has acquired ownership of the famous "running dog" logo that has been the company's symbol for almost 80 years. The company also purchased three terminals formerly leased from the Viad Corp. (NYSE: VVI) and acquired the remaining joint venture interests held by Viad in two other terminals for $10.2 million.
The image of the running dog is one of the most widely recognized trademarks in the world. Greyhound Lines had been licensed to use the trademarks in the United States and Mexico, and now owns the marks worldwide, except Canada. In Canada, Greyhound Canada Transportation Corporation will continue to use certain trademarks under preexisting agreements.
The terminal properties acquired are located in San Jose, Nashville, Reno,
Denver and Albuquerque. The five terminals are the last of 25 leased to Greyhound Lines under a master lease at the time Greyhound became an independent company in 1987. Ownership was retained at that time by the company then known as The Greyhound Corporation of Phoenix, which later changed its name to Dial Corp (NYSE: DL). and then to Viad Corp. There will be no change in operations due to the change in ownership.
Greyhound is the only nationwide provider of intercity bus transportation,
serving more than 2,400 destinations with 18,000 daily departures. The company also provides package express service, charter service and food service at certain terminals. For schedule and route information, contact Greyhound at (800) 231-2222, or visit our web site at www.greyhound.com .
SOURCE Greyhound Lines, Inc.
-0- 09/10/97 /CONTACT: Katherine Williams of Greyhound Lines, Inc., 972-789-7204/ (BUS VVI DL)
/Photo available via NewsCom, 305-448-8411 or http://www.newscom.com/cgi-bin/pub/pd/pdz?f=PRN/prnphotos&grid=2/
CO: Greyhound Lines, Inc.; Viad Corp.; Dial Corp. ST: Texas, California, Tennessee, Nevada, Colorado, New Mexico, Arizona IN: TRN SU:
-0- (PRN) Sep/10/97 09:01 EOS (PRN) Sep/10/97 09:02 85 â -0- (