POMONA, Calif., August 23, 2000 (PRIMEZONE) -- Keystone Automotive Industries, Inc. (Nasdaq:KEYS) and Copart, Inc. (Nasdaq:CPRT) today announced the launch of www.copart.com, an Internet Web site that will facilitate the marketing and selling of Keystone products to Copart buyers.
Copart will identify vehicles that have been, or will be sold by, Copart and then show all parts available from Keystone to repair such vehicles. The fully integrated Internet system facilitates the ordering, payment and delivery of parts for the 100,000+ buyers that attend Copart's auctions annually, in person and over the Web. A buyer utilizing www.copart.com can look at vehicles on-line to inspect damage and enter bids as well as the "order parts" button to buy Keystone parts with just a click of a mouse.
"More than $500 million of the vehicles sold annually at Copart auctions are repaired," said Charles J. Hogarty, Keystone's president. "This new service will help these buyers quickly find the aftermarket parts they need at very competitive prices. In addition, it will offer them "one-stop shopping' at Copart.com so they can bid on a car and buy the required parts in a seamless transaction."
Hogarty continued, "With the launch of this e-commerce site and the increasing interest in Keystone's own web site, keystone-auto.com, we believe that we are uniquely positioned as the only company that can supply local fulfillment on a near-nationwide basis for Internet-generated orders."
With distribution throughout most of the United States, Keystone, based in Pomona, California, is the nation's leading supplier of replacement collision repair products for import and domestic vehicles. Product lines include new replacement parts in sheet metal, glass, lighting and radiators, as well as a complete offering of refinish products. In addition, the Company remanufactures OEM replacement bumpers and wheels at several facilities nationwide, offering a lower-cost, environmentally responsible alternative to a comparable new part.
Founded in 1947, Keystone Automotive Industries, Inc. serves more than 25,000 body shop customers from its 118 distribution centers throughout the United States. In addition, the Company operates 30 plastic bumper recycling centers and 9 wheel remanufacturing plants. Keystone Automotive Industries, Inc. became a publicly traded company in 1996, (Nasdaq:KEYS).