Carey International Announces Miami Acquisition
20 January 1999
Carey International Announces Miami AcquisitionWASHINGTON, Jan. 20 -- Carey International, Inc. announced today that it has acquired Club Limousine Service of Miami, Florida. Club is the largest full service transportation and limousine company in the greater Miami area with fiscal 1998 sales of approximately $4 million. Founded in 1970 by Mike Campanile, Club is the preferred chauffeured transportation service for many of the leading hotels and resorts in South Florida, serving Dade, Broward, and Monroe Counties. The company provides services through a fleet of 60 limousines, sedans, vans, minibuses, and state-of-the art motor coaches. "Mike Campanile is the Dean of the limousine business in South Florida," commented Vincent A. Wolfington, Chairman and CEO of Carey International, Inc. "Club is a valuable acquisition for us. Miami is a major destination for meetings and events, and the area is the 'gateway' to Latin America. By acquiring Club, we not only make strong additions to our management team, but we also enhance our position with customers traveling to and from Latin America." "We chose to join Carey because of the Company's commitment to high- quality customer service and the experience of its management team," stated Mr. Campanile. "Carey has assembled a formidable position throughout Florida, and it is now the largest and strongest chauffeured vehicle service company in the state. Partnering with Carey offers us a tremendous opportunity to grow, and it also enables us to provide greater service to our customers as part of Carey's international system." Carey International, a leading industry consolidator, is the world's largest chauffeured vehicle service company. The Company provides limousine, sedan, van and minibus service through a worldwide network of owned and operated companies, licensees and affiliates serving 420 cities in 65 countries. Certain matters discussed in this press release may constitute forward- looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including changes in the securities or financial markets or in general economic conditions, the complexities in completing and integrating acquisitions, availability of equity and debt financing and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Reference is hereby made to the "Risk Factors" set forth in the Company's Registration Statement on Form S-4 (file no. 333-59599).