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TEAM Vehicle Sales Announces Charlotte Vehicle Sales Center Opening

26 May 2000

TEAM Vehicle Sales Announces Charlotte Vehicle Sales Center Opening

    CORAL SPRINGS, Fla.--May 25, 2000--TEAM Vehicle Sales Inc. ("TEAM") announced today the grand opening of its first retail vehicle sales center in Charlotte, North Carolina. The Charlotte TEAM center location will offer customers a wide variety of light and medium-duty straight trucks, tractors and trailers. In addition to quality used trucks, TEAM will offer customers vehicle financing and insurance. All TEAM trucks will come with an independent inspection and comprehensive warranties.
    Mr. Daryl Hawthorne, Manager of this new Charlotte sales center said: "We are excited about this opportunity to bring our extensive inventory and fleet analysis services to the Charlotte area. We look forward to working with businesses in the area, as we will have an immediate need for maintenance, repair and detailing for our vehicles."
    The Charlotte TEAM Center, is the first of twelve retail centers to be opened in 2000. TEAM plans to open 26 retail sales centers by 2002 in major markets throughout the United States. TEAM will specialize primarily in the sale of used light and medium-duty straight trucks. These trucks are ideal for the large number of emerging delivery companies supporting the explosion in e-commerce. In addition, TEAM will offer customers a wide variety of tractors and trailers.
    Team a company formed in partnership with Trivest, Inc., offers customers a total, life cycle approach to managing highway transportation assets, with the goal of reducing overall equipment costs and stabilizing capital expenditures. TEAM also offers fleet analysis, vehicle specification, and purchasing services.
    Trivest, Inc., founded in 1981, is a private equity firm focused on providing growth and acquisition capital to middle market companies. Trivest has invested in approximately 100 companies and currently has significant ownership positions in thirteen companies with sales aggregating approximately $1.3 billion.