America's Car-Mart Announces Opening of New Dealership in Sedalia, Missouri and Expansion of Lawton, Oklahoma Dealership
BENTONVILLE, Ark., June 12 -- America's Car-Mart, Inc. today announced the opening of its newest dealership located in Sedalia, Missouri. This new location marks the second dealership opening since the Company's current fiscal year began on May 1, 2006. The Company has also relocated and expanded its existing Lawton, Oklahoma location to upgrade it to a first-class Car-Mart dealership.
"This new Sedalia location is our tenth location in Missouri," commented T. J. ("Skip") Falgout, III, Chairman and Chief Executive Officer of America's Car Mart. "We are very excited about the location and prospect of this new store. Also, the expansion of our Lawton operation will give this seven-year old dealership a beautiful new facility with adequate size and roadside frontage to handle its continuing growth in sales and customers."
"Sedalia offers a great opportunity for Car-Mart," added William H. ("Hank") Henderson, President of America's Car Mart. "We are very happy to have Dave Watts as our new manager in Sedalia. Dave proved to be an effective Car-Mart assistant manager while he was at the Tulsa, Oklahoma location, and we are confident he will be successful in Sedalia. In addition, Mark Hughes, our manager in Lawton, should really be able to take his dealership to the next level with this superb facility."
About America's Car-Mart
America's Car-Mart operates 87 automotive dealerships in nine 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.