Pickups Plus Signs Rhino Linings of Mid Tennessee for its ValuGard Product Line
CINCINNATI--March 9, 2005--Pickups Plus, Inc. (OTCBB:PUPS), a retailer and national franchiser in the light truck and SUV after market accessory industry, and wholly owned Auto Preservation, Inc. (AP), a single source provider to automotive dealerships for their new vehicle preparation, environmental protection packages, detailing and reconditioning products and services, today announced it signed agreements with Rhino Linings of Mid Tennessee securing 5 separate territories in the Nashville area.The agreement provides the Authorized Processing Center the exclusive right to distribute both the company's warranty and reconditioning product lines within a specified area. The offering will provide Authorized Processing Centers with everything they need to operate and service local automotive dealerships with this premier service including certified training program, full line of ValuGard car care and environmental protection products and ongoing sales and marketing support. With 2 Centers opened in the Cincinnati market alone, AP processed over 15,000 vehicles for automotive dealerships last year and generated over 1.5 million dollars in revenue.
"We are very pleased to be working with Rhino Linings of Mid Tennessee; they represents the ideal local service provider we look forward to partnering with, they have an excellent reputation for service and established relationships in the area," said Mr. Jesson, President and Chief Executive Officer of PUPS. He continued, " We launched our retail Car Care line and Authorized Processing Center offer through Meyer Distributing and the response for the Centers has been amazing; we are in the midst of negotiating for at least 35 territories already."
Sean Hayes, the company's COO, said, "After speaking with industry retailers at the SEMA Show in Indianapolis it was very clear that many retailers are searching for complementary products and services that can generate increased revenues. Our Authorized offering does exactly that; it leverages the exclusive distribution of a quality product with the trusted reputation of a local service provider to deliver a turnkey solution that consumers are demanding."
Pick-Ups Plus, Inc. is a retail operator and franchiser of retail automotive parts and accessories stores catering to the light truck market. There are currently five franchised locations in operation and two Company-owned stores. In addition, through its Automotive Preservation Division, the Company now offers automotive dealerships new vehicle preparation, environmental protection packages, detailing and reconditioning products and services. The Company intends to expand by opening additional company-owned stores, ValuGard Processing Centers, Distributorships and franchise. For more information about the Company go to pickupsplus and look for updates in the Chairman's Letter.