CORRECTING and REPLACING Fulton Motor Cars, Inc. Acquires Nalley Chevrolet in Atlanta; Dealership Renamed Airport Chevrolet
ATLANTA--Dec. 8, 2004--Last graph, last line, phone number should read 404-766-1661 (sted 404-766-1664).The corrected release reads:
FULTON MOTOR CARS, INC. ACQUIRES NALLEY CHEVROLET IN ATLANTA; DEALERSHIP RENAMED AIRPORT CHEVROLET
Fulton Motor Cars, Inc. announced that it completed the acquisition of Nalley Chevrolet near the Atlanta airport. The purchase closed on Wednesday, December 1, 2004 and was finalized on December 6, 2004.
Located on Metropolitan Parkway off of Interstate 85, the dealership will be renamed "Airport Chevrolet." Historically, the Nalley Chevrolet dealership was the largest dealership in the Atlanta market, but due to the decline of the former Stewart Avenue in the 1980's, sales had declined significantly in the past decade. There is substantial redevelopment occurring in the area and private and public reinvestment has resulted in stabilization of the community. Airport Chevrolet has already increased stock of new and used cars in anticipation of significant sales increases and has begun the process of redeveloping its site.
The dealership remains the only franchised automotive dealership in the City of Atlanta and is easily accessed from all of Atlanta by exiting Interstate 85 from the north at Metropolitan Parkway and exiting Interstate 75 or 85 at Cleveland Avenue from the south. Furthermore, the dealership serves as the sole General Motors Medium duty truck outlet for the entire Atlanta and central Georgia market.
Fulton Motor Cars, Inc. plans to reinvest in the area by substantially improving the twenty plus acre site and through the purchase of additional automotive franchises. In fact, Fulton Motor Cars has already contracted for the purchase of an additional automobile dealership that will be relocated to Metropolitan Parkway.
Fulton Motor Cars, Inc. is controlled by Steven Uiterwyk and investment capital was provided by affiliates of ASAP Capital and ABC Capital of Tampa, Florida. Rick Lavender will serve as the general manager of Airport Chevrolet. Mr. Uiterwyk also owns Central Florida Eurocars in Lakeland, Florida, an authorized Mercedes-Benz, Volvo and Volkswagen dealership.
Airport Chevrolet is located at 2555 Metropolitan Parkway in Atlanta. For more information, please contact Steven Uiterwyk at 404-766-1661.