Lewis Berman Joins Smart Choice Board of Directors
23 July 1998
Lewis Berman Joins Smart Choice Board of DirectorsTITUSVILLE, Fla. July 23 -- Smart Choice Automotive Group, Inc. , a leading consolidator of the 'dealer-financed' used car retailing industry in the Southeastern United States, today announced that Lewis H. Berman has joined the Company's Board of Directors. Mr. Berman, a Certified Public Accountant, business consultant and investor, has over 34 years of experience providing management advisory services to a wide variety of companies. His particular areas of expertise include project expediency, business management, accounting, and bank advisory services. "We are pleased to welcome Lewis Berman to our Board of Directors and expect Smart Choice to benefit from his professional experience in public accounting and banking," commented Gary Smith, president and chief executive officer of Smart Choice Automotive Group, Inc. "Lewis is well recognized in the Central Florida business community for the breadth of his experience and his high ethical standards. His insights and counsel should help our efforts to build Smart Choice into the leading company in our industry segment." Smart Choice Automotive Group, Inc. operates a network of new and used car stores in the Southeastern United States. The Company underwrites, finances and services retail installment contracts generated from the sale of used cars by its stores. Its Eckler's subsidiary is one of the world's largest aftermarket suppliers of Corvette parts and accessories. The Company also provides training and insurance services to automobile dealerships throughout the United States. Smart Choice Automotive Group, Inc. is headquartered in Titusville, Florida and its common stock trades on Nasdaq under the symbol "SMCH". This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These 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. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, receivables portfolio risks, dependence upon third-party vendors, and other risks detailed in the Company's S-3 and other periodic report filings with the Securities and Exchange Commission. 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.