America's Car-Mart, Inc. Announces Opening of New Dealership in Muscle Shoals, Alabama
BENTONVILLE, Ark., June 26 -- America's Car-Mart, Inc. today announced the opening of its newest location in Muscle Shoals, Alabama. This new location marks the third dealership opening since the Company's current fiscal year began on May 1, 2006. The total number of dealerships is now 88.
"This will be our second dealership to open in the state of Alabama," stated T. J. ("Skip") Falgout, III, Chairman and Chief Executive Officer of America's Car-Mart, Inc. "We currently have two additional sites in Alabama, in Cullman and Athens, which we expect to open by the end of this first quarter. Also, our recent acquisition and new dealership in Tuscaloosa, Alabama is off to a good start."
"Muscle Shoals offers a great opportunity for Car-Mart," added William H. ("Hank") Henderson, President of America's Car Mart, Inc. "Chris Elliott, the former assistant manager from our Russellville, Arkansas dealership, has successfully completed our management training program, and we are excited to promote him into the position of general manager in Muscle Shoals. We are confident he will be very successful at this location."
About America's Car-Mart
America's Car-Mart operates 88 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.