Arrow Truck Sales, Inc. Appoints Vice-President of Purchasing

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KANSAS CITY, MO (February, 2005) -Arrow Truck Sales, Inc., has announced the promotion of Pete Monize to Vice-President of Purchasing & Wholesale Sales. Arrow is the value leader in pre-owned truck sales in North America, helping today’s truck buyers maximize their investment dollars.

The Purchasing & Wholesale Division of Arrow is responsible for the acquisition of all inventories, purchasing trucks from end-users, major fleets and OEMs. The Arrow team of buyers serves a nation-wide network of private fleet and motor carriers. They purchase single units or a fleet of units from individuals or companies needing to dispose of their equipment at fair market value prices.

“We continue to build on our founding principle of providing a wide selection of high-quality trucks to our customers,” said Pete. He also added that “Our employees will grow and strengthen our leadership position in the industry by conducting business with the highest level of professionalism and integrity.” In addition, Pete is also charged with expanding Arrow’s wholesale activities through truck dealerships. Pete joined Arrow in 1997 as a Sales Associate and holds an MBA degree from Ohio State University.

Carl Heikel, President and CEO of Arrow Truck Sales, Inc, stated that “Pete is also heading up a new Logistics Project Team that will focus on process improvement in our procurement, movement and distribution of trucks. We will evaluate and implement new systems to improve our speed-to-market. We will consider new technologies, including internet-based solutions, document imaging systems, GPS, and more.”

Headquartered in Kansas City, MO, Arrow Truck Sales, Inc. has 19 locations throughout the US and Canada. Arrow specializes in selling high-quality pre-owned trucks and maintains a diverse inventory of all makes and models, with more than 2,000 medium-duty and heavy-duty trucks. The Arrow website (www.arrowtruck.com) provides customers access to its entire inventory on-line, as well as information about the company and services, plus an on-line credit application.

Arrow Truck Sales is a member of the Volvo Group, a publicly held company headquartered in Gothenburg, Sweden. With annual sales of approximately $22 billion, Volvo’s business areas include heavy trucks, buses, construction equipment, marine and industrial drive systems, aerospace, and financial services. In the United States, Volvo shares are listed on NASDAQ and are traded as ADRs (symbol: VOLVY).

ARROW TRUCK SALES, INC. US SALES FACILITIES

Atlanta, GA

Chicago, IL

Cincinnati, OH

Columbus, OH

Dallas, TX

Fontana, CA

Houston, TX

Kansas City, MO

Los Angeles, CA

Newark, NJ

Philadelphia, PA

Phoenix, AZ

San Antonio,

St. Louis, MO

Stockton, CA

Tampa, FL

Canadian Facilities

Calgary, Alberta

Montreal, Quebec

Toronto, Ontario