|Page (1) of 1 - 01/08/13||email article||print page|
Bentonville, AR, Jan. 8, 2013 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) today
announced the opening of its 119th dealership. The
dealership is located in Woodstock, Georgia.
"Woodstock is our first location in Georgia, a
state that we are very excited about as we look to the future. We
will continue to expand our business to more cities like Woodstock
as we grow. Our Expansion Department continues to raise the bar and
the success we are having with our new dealership openings is
certainly proof of that," said William H. ("Hank") Henderson,
President and Chief Executive Officer of America's Car-Mart.
"Woodstock is our 5th new dealership for this fiscal year. We
presently have five new locations secured which will keep us on
track for 10 for the full fiscal year."
"For 31 years, Car-Mart has provided quality
vehicles, affordable payment terms, and excellent service while
expanding throughout the South-Central United States. With each new
dealership we have an opportunity to provide our excellent service
to more customers and to earn their repeat business in the future,"
added Mr. Henderson. "The Woodstock dealership will be managed by
Chance Armstrong who is very excited to lead our efforts at this
great new Car-Mart location."
"Our current plans are to open an additional
five new dealerships between now and the end of the current fiscal
year," said Jeff Williams, Chief Financial Officer. "Our solid
financial results, strong balance sheet and competitive strengths
will continue to allow us to provide the best possible service to
our 56,000+ active accounts and to future customers we will gain as
we grow. We continue to expect to open additional dealerships
at an approximate 10% annual rate beyond fiscal 2013."