BENTONVILLE, Ark., Nov. 19, 2008 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (Nasdaq:CRMT) today announced the opening of its newest location in Decatur, Alabama. The total number of dealerships is now 92.
"This will be our fifth dealership to open in the state of Alabama," stated William H. ("Hank") Henderson, President and Chief Executive Officer of America's Car-Mart. "We are very excited about the location and prospect of this new store in Decatur. Our strong name recognition and solid reputation we have developed in northern Alabama should prove invaluable for a great start in Decatur. Also, this new location allows for greater economies of scale for our Alabama operations, including our purchasing activities, advertising coverage, and regional management oversight."
"Decatur, with a population of approximately 56,000, offers great opportunity for Car-Mart," added Mr. Henderson. "We are very pleased to have George Wilder as our new manager in Decatur. George proved to be very successful as a Management Trainee at our Tuscaloosa, Alabama location, and we are confident he will do a great job in Decatur."
About America's Car-Mart
America's Car-Mart, founded in 1981, operates 92 automotive dealerships in eight states and is the largest publicly-held automotive retailer in the United States focused exclusively on the "Buy Here/Pay Here" segment of the used car market. The Company emphasizes superior customer service and the building of strong personal relationship with its customers. The Company operates its dealerships primarily in small cities throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers.
Included herein are forward-looking statements, including statements with respect to opening new dealerships. There are many factors that affect management's view about expansion plans. These factors involve risks and uncertainties that could cause actual results to differ materially from management's present view. All forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.