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AutoNation Public Statement Regarding Pegasus Capital Group, Inc. Press Release

19 July 2000

AutoNation Public Statement Regarding Pegasus Capital Group, Inc. Press Release

    Business Editors

    FORT LAUDERDALE, Fla.--July 19, 2000--AutoNation, Inc. issued the following statement in response to a press release issued by an entity in Springfield, Penn., representing itself as "Pegasus Capital Group, Inc.":
    "We do not believe this is a credible offer. Neither do we have any information to suggest Pegasus Capital has the means to effect its offer," said AutoNation spokesman Jim Donahue.