Copart Opens in Corpus Christi, Texas

    BENICIA, Calif.--Nov. 19, 2002--Copart, Inc. today announced that it has opened its 12th auction facility in the state of Texas. With the addition of this 12-acre greenfield facility Copart now has 99 locations in 40 states.
    "The new Corpus Christi location is in the central section of the city near the end of Interstate 37," said Willis J. Johnson, Copart's Chief Executive Officer. "The new facility will allow us to better serve our suppliers in the region. Previously this area was served by our McAllen and San Antonio facilities, which are over two hours away."
    Since August 2001, Copart has added 15 locations including four MAG sites in New Castle, DE; Greencastle, PA; West Mifflin, PA and Richmond, VA and eleven Copart salvage sites in Savannah, GA; Tifton, GA; Charleston, WV; Lyman, ME; Tucson, AZ; Somerville, NJ; Haslet, TX; Amarillo, TX; Reno, NV; Springfield, MO and Corpus Christi, TX.
    Copart, founded in 1982, provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles through auctions, principally to licensed vehicle dismantlers, rebuilders, repair licensees and used vehicle dealers. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes or are recovered stolen vehicles for which an insurance settlement with the vehicle owner has already been made. The Company operates 99 facilities in 40 states. It also provides services in other locations through its national network of independent salvage vehicle processors.