Surface Tech Inc. Licensee Accelerates U.S. Franchise Expansion
IRVINE, Calif.--May 4, 2004--Surface Tech Inc. (Pink Sheets:SFCI) announced 13 new wheel repair Franchises awarded by its licensee Alloy Wheel Repair Specialists. The market for the company's patented wheel repair technology continues to accelerate along with the industry's awareness of the availability of this much needed service.The new franchises are located in Bentonville, Ark., Little Rock, Ark., Sacramento, Calif., Columbus, Ohio, Columbia, S.C., Colorado Springs, Colo., Denver, Omaha, Neb., Oklahoma City, Okla., Jacksonville, Fla., Orlando, Fla., Springfield, Mo., and Wichita, Kan.
"We are very excited about the accelerated rate of franchise growth by Alloy Wheel Repair Specialists," stated Surface Tech President Jeremy Preston. Chairman Chris Pittman noted: "With Alloy Wheel Repair Specialist's growing national presence, it is enabling both Surface Tech and A.W.R.S. to further benefit from our cooperative working relationship. With the continuing increase in our servicing of national accounts such as Hertz, Avis, Budget, Alamo, State Farm Insurance, Manheim Auto Auctions, etc., the ability to properly satisfy their growing demand has proven to be vital."
Surface Tech Inc. (www.surfacetech.us) is the only company that has a patented method to resurface alloy wheels without removing them from the car. The company's licensed technicians provide low-cost solutions to high-priced problems for over 4,000 automobile dealerships, auto auction sites, car rental companies, and insurance companies through licensed technicians in 35 states.
For further franchise information, contact Alloy Wheel Repair Specialists at www.mobilewheelrepair.com.
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.