Pep Boys Selects UBP as Their Value Line Drum and Rotor Supplier
13 March 2000
Pep Boys Selects UBP as Their Value Line Drum and Rotor SupplierALSIP, Ill., March 10 Universal Automotive Industries, Inc. , is pleased to announce that Pep Boys, the nation's leading automotive aftermarket service, retail & wholesale chain has selected Universal as its "Value Line" drum and rotor supplier. Pep Boys currently offers a line of premium Raybestos brake parts and broadens its offering with Universal's products that will appeal to customers seeking a quality product at a moderate price. The product will be sold under the "UBP" brand of Universal Automotive Industries, Inc. Pep Boys has over 650 locations in 37 states and Puerto Rico, with over 6,800 service bays and a growing commercial delivery program for the automotive service professional. Pep Boys' 1998 sales were 2.4 billion. Universal anticipates that Pep Boys' business will generate five to ten million dollars in revenue for Universal annually. Arvin Scott, President and CEO comments: "We thank Pep Boys for selecting us as the supplier of their Value Line brand of brake drums and rotors. Pep Boys' decision to award the Company with their business is a strong endorsement of the Company's ability to consistently deliver high quality brake drums and rotors for the maximum value." Universal Automotive Industries, Inc. is headquartered in Alsip, Illinois and specializes in the distribution and manufacture of brake parts under its trade names "UBP - Universal Brake Parts" and "Ultimate Rotors and Friction". This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by safe harbors created hereby. Such forward-looking statements involve known and unknown risks, uncertainties (including those risk factors referenced in the Company's filings with the Securities and Exchange Commission), and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance, or achievements of the Company expressed or implied by such forward-looking statements.