America's Car-Mart Announces Opening of New Dealership
BENTONVILLE, Ark., Oct. 27, 2005 -- America's Car-Mart, Inc. today announced the opening of a new dealership located in Columbia, Missouri. The total number of Car-Mart dealerships is now 81, and the Columbia dealership is the fifth dealership opened in Fiscal 2006.
"The new dealership in Columbia is our eighth in Missouri," said T. J. ("Skip") Falgout, III, Chairman and Chief Executive Officer of America's Car- Mart. "We have acquired two additional Missouri locations, in West Plains and Sedalia, and we expect to open dealerships in those cities in the third and fourth quarters of this fiscal year, respectively."
"Columbia, with a population of over 80,000 persons, offers a great opportunity for Car-Mart," added William H. ("Hank") Henderson, President of America's Car-Mart. "The location of our dealership is right where we wanted to be in Columbia, and the existing facility we have taken over required very little renovation to convert it to a premier Car-Mart dealership. We are very happy to have Brian Burkett as our new manager in Columbia. Brian has proven to be an effective Car-Mart manager, having previously managed our Neosho, Missouri dealership, and we are confident he will be very successful in Columbia."
About America's Car-Mart
America's Car-Mart operates 81 automotive dealerships in eight states and is the largest publicly-held automotive retailer in the United States focused exclusively on the "Buy Here/Pay Here" segment of the used car market. The Company operates its dealerships primarily in small cities throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers.
Included herein are forward-looking statements, including statements with respect to opening new dealerships. There are many factors that affect management's view about expansion plans. These factors involve risks and uncertainties that could cause actual results to differ materially from management's present view. All forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.