Pickups Plus Expands Into Texas
CINCINNATI--Aug. 13, 2002--Pickups Plus, Inc. (OTCBB:PUPS), a leading retailer and franchiser in the $30 billion truck and SUV aftermarket accessories industry, announced today the opening of its newest franchise store in Houston, Texas.The store, which is located at 1718 Fry Road, is over 8,000 sq ft. and is the largest Pickups Plus retail outlet to date. Gary Hoyle, Vice President of Franchise Operations, stated, "Texas is one of the largest markets in the U.S. for trucks and SUV's and we are very excited about the potential for this store and others that may follow. We believe that Texas represents an outstanding growth opportunity for Pickups Plus retail stores and anticipate opening additional franchise locations throughout the Texas market. Pickups Plus' franchise operations continue to prosper and we hope that our newest locations will follow in the footsteps of our Columbus, Ohio franchise, which achieved Sales in excess of $1 million in its first fiscal year of operations."
About Pickups Plus
Founded in 1993, Pickups Plus is a leading national franchiser of retail stores dedicated to the sale and installation of quality aftermarket accessories for pickup trucks and SUVs - a $30+ billion a year market. Pickups Plus currently operates three corporate retail stores and has another seven franchise stores, throughout seven states. After several years of extensive development and testing of its franchise system, the company is gearing up to start a nationwide expansion to be first-to-market in its growing, but highly fragmented industry made up almost entirely of small, independent, non-branded shops.
This news release contains forward-looking statements made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, Section 21E of the Securities Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of risks and uncertainties which can cause actual results to differ materially from those described in the forward looking statements. These risks and uncertainties are contained in the Company's reports to the Securities and Exchange Commission available via Edgar. This release shall not constitute an offer to buy or sell shares of the Company's securities.