PHH Corporation : Florida-Based Beer Distributor Replaces Fleet with Green Tractors

  PHH Corporation : Florida-Based Beer Distributor Replaces Fleet with Green
                                   Tractors

Partnership with PHH FirstFleet Makes J.J. Taylor Companies First in Region to
Switch to Compressed Natural Gas Tractors

Jupiter, Florida and Sparks, Maryland (January 31, 2013) - Beer distributor,
J.J. Taylor Companies, Inc. today announced it will replace its Tampa-based
fleet with compressed natural gas (CNG) tractors as part of an ongoing
commitment to sustainability. The switch to CNG vehicles, which are cleaner,
more environmentally friendly, cheaper, and quieter than diesel, is possible
in part because of the lease financing provided by PHH FirstFleet - a division
of PHH Arval. It's one of the first fair market value leases for a CNG vehicle
in the United States.

"We've been working to reduce our carbon footprint over the past five years,
so the change to CNG is a natural progression," said Jose Rivera, vice
president of finance/administration, of J.J. Taylor Companies. "CNG has
near-zero emissions and is therefore less harmful to the environment. It also
has a lower cost on a Diesel Gallon Equivalent basis, and CNG vehicles are
markedly quieter than their diesel counterparts. We're thrilled to partner
with PHH FirstFleet and others to make it happen."

J.J. Taylor Companies has ordered 43 Freightliner Business Class M2 112 CNG
tractors. The company plans to replace its entire Tampa-based fleet - 95 units
- within the next 36 months. Part of the transition includes the creation of a
private CNG fueling station. The tractors are arriving in Tampa and will start
operating this month, once the fueling station is completed. Plans for a
second station and conversion of the company's fleet - 75 units - in Fort
Myers are underway.

"This is one of the first full facility conversions of an entire compressed
natural gas fleet in the Southeast," said Rob Stowers, senior vice president,
Truck and Equipment Leasing at PHH FirstFleet. "We're excited to team up with
J.J. Taylor Companies to help them make their fleet more efficient. Often
companies feel sustainability initiatives are too expensive to pursue, but our
partnership demonstrates there are alternative ways to make it happen. We
anticipate that this will be one of many such conversions as we move forward."

J.J. Taylor acquired the Freightliner tractors through Tampa Truck Center, LLC
and they are powered by a Cummins-Westport 8.9L ISL-G engine and an Allison
3000Hs transmission. Vocational Energy, LLC, out of Fontana, CA, is building
the CNG fueling station.

J.J. Taylor Companies will use the CNG vehicles in daily delivery operations
in the company's territory covering Pasco, Hillsborough, Pinellas, Manatee and
Sarasota counties. In the future the fleet will cover a total of 17 Florida
counties.

Note to editors: J.J. Taylor Companies will hold a CNG Fleet and Station open
house on Monday, February 4, from 11:30-1:00 at 5102 South 16th Ave in Tampa.
RSVP to vgrantham@rosecomm.com. Additionally, photos of CNG tractors are
available upon request.

About J.J. Taylor Companies, Inc.

With corporate offices in Jupiter, FL, J.J. Taylor has beer distribution
operations in Tampa, Fort Myers and Fort Pierce Florida as well as in
Minneapolis, MN. The company distributes a number of domestic, imported and
craft beers, including, Miller, Coors, Heineken, Guinness, Samuel Adams,
Sierra Nevada and Cigar City.

About PHH Arval

PHH Arval, a subsidiary of PHH Corporation (NYSE: PHH), is a leading fleet
management services provider in the United States and Canada. PHH Arval
provides fleet management solutions to a broad range of industries and has a
client base that includes nearly one-third of Fortune 500 companies. Through
consultative expertise, flexible customer service, and innovative technology,
PHH Arval helps clients reduce costs and increase productivity. PHH is a
founding member of the PHH-Arval Global Alliance, which operates more than2
million vehicles across North America, Europe, Australia, Africa, Asia and
South America. For more information, visit www.phharval.comor call (800)
ONLY-PHH.

Contact Information:
Victoria Grantham
Rose Communications
vgrantham@rosecomm.com
917-328-3287

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Source: PHH Corporation via Thomson Reuters ONE
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