Top Driver Acquires 1-888-Traffic School
1 February 2000
Top Driver Acquires 1-888-Traffic School; Florida Acquisition Broadens Driver Training ProgramsJACKSONVILLE, Fla., Feb. 1 -- Top Driver, the nation's largest and fastest growing driver education company, announced today that it has purchased 1-888-Traffic School, Inc. ("1-888-TS"), based in Jacksonville, Florida. With 150 approved locations, 1-888-TS is the largest driver improvement program in Florida. "One of our goals for 2000 was to create a strong presence in the Florida market," said Sebastian Giordano, Top Driver President and Chief Operating Officer. "The acquisition of 1-888-TS enables Top Driver to be the premier provider of traffic violator and driver improvement programs in the state. This is an excellent strategic acquisition for Top Driver, and Ken Underwood, the founder of 1-888-TS, is a great addition to our management team," added Giordano. Founded by Mr. Underwood in 1994, 1-888-TS employs 140 people and graduated over 100,000 students last year. Underwood will hold an executive position with Top Driver to expand its violator programs nationwide and help develop additional business opportunities for the Company. "Top Driver and I share a common vision related to the future of the driver education and traffic school industry," said Underwood. "With 95 percent of crashes resulting from driver error, we are joining forces in an effort to prevent crashes, reduce injuries, and save thousands of lives by raising the standards under which the driver education and traffic school industry operates." With approximately 200 locations in Connecticut, Florida, Indiana, New Jersey, New York, and Ohio, Top Driver is the first to deliver standardized curriculum with automobile product and service information, MetLife Auto insurance services, driving accessories and Department of Motor Vehicle services. Several photos are available to download on The Cherenson Group's web site at http://www.cherenson.com/press_kits. For more information, contact Top Driver at 1-888-TOP-DRIVER or visit its web site at http://www.topdriver.com.