Wall Street Corporate Reporter Interviews Lithia Motors Chairman
5 April 2000
Wall Street Corporate Reporter Interviews Lithia Motors Inc. Chairman and CEO Sidney B. DeBoer LITHIA AUTOMOTIVE GROUP LOGO Lithia Automotive Group logo. Contact: Betty Whitney, 541-776-6591. (PRNewsFoto)[DM] MEDFORD, OR USA 09/09/1999MEDFORD, Ore., April 5 Lithia Motors Inc. today announced that an in-depth interview of its Chairman and CEO Sidney B. DeBoer with The Wall Street Corporate Reporter (WSCR) is available on the Internet. (Photo: http://www.newscom.com/cgi-bin/prnh/19990909/LITHIALOGO ) The interview can be viewed at: http://www.wscr.com/5-11web/lithia.pdf. Lithia Motors, Inc. is one of the leading automotive retailers in the United States, with 101 franchises in California, Oregon, Washington, Nevada, Colorado and Idaho. Lithia sells 25 brands of new vehicles at 45 stores and over the Internet through "Lithia.com -- America's Car & Truck Store." Lithia also sells used vehicles; arranges finance, warranty, and credit insurance contracts; and provides vehicles parts, maintenance, and repair services at all of its locations. Lithia retailed 52,485 new and used vehicles in 1999. Lithia's current annualized revenue run rate, including all completed acquisitions, is over $1.5 billion. Every week WSCR provides 10,000 printed papers on the USAir shuttle in New York, Boston and Washington, D.C., and is on line with 2 1/2 million paid Intranet subscribers. The following database clients receive CEOWire, which contains WSCR product: Dow Jones, Associated Press' APAlert, Dialog/Knight Ridder, Infonautics, Primary Source Media, Newbank, Wavephore (Newscast), NewsEdge, The Bloomberg Service, and Reuters Business Briefing. WSCR programs verbal interviews from CNN Financial network, MSNBC Business, The Cavuto Business Report and Nightly Business Report. The subscribers are stockbrokers, mutual fund managers, money managers, executives from Fortune 1000, Global 2000 companies, professional investors plus other people in the investment world. This press release includes forward looking statements, which management believes are a benefit to shareholders. These statements are necessarily subject to risk and uncertainty and actual results could differ materially due to certain risk factors, including without limitation economic conditions, acquisition risk factors and others set forth from time to time in the company's filings with the SEC. Specific risks in this press release include revenue run rate. For additional information on Lithia Motors, contact: Jeff DeBoer, Chief Financial Officer, 541-776-6868 or log-on to http://www.lithia.com. (E-mail: invest@lithia.com.)