Universal Automotive Awarded Supply Agreement from Murray's Discount Auto Stores, Inc.
15 March 2000
Universal Automotive Awarded Supply Agreement from Murray's Discount Auto Stores, Inc.ALSIP, Ill., March 15 Universal Automotive Industries, Inc. , is pleased to announce that it has entered into an agreement to supply Murray's Discount Auto Stores, Inc. with UBP brake drums and rotors. Murray's operates 76 "supermarket style" parts stores primarily in Detroit, Michigan, Chicago, Illinois, Cleveland and Toledo, Ohio. According to President and CEO Michael Klein, Murray's has the number one market share in Detroit, Michigan, Toledo and Cleveland, Ohio, and possibly ranks number two in Chicago. Murray's is the nation's leader per store sales productivity with average gross revenues more than double the industry average. Arvin Scott, President and CEO of Universal Automotive Industries, Inc., commented "We thank Murray's for awarding Universal with their business. Murray's has a long tradition of delivering exceptional value and customer service. 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.