Bentonville, AR, Jan. 8, 2013 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) todayannounced the opening of its 119 th dealership. Thedealership is located in Woodstock, Georgia. "Woodstock is our first location in Georgia, astate that we are very excited about as we look to the future. Wewill continue to expand our business to more cities like Woodstockas we grow. Our Expansion Department continues to raise the bar andthe success we are having with our new dealership openings iscertainly 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. Wepresently have five new locations secured which will keep us ontrack for 10 for the full fiscal year." "For 31 years, Car-Mart has provided qualityvehicles, affordable payment terms, and excellent service whileexpanding throughout the South-Central United States. With each newdealership we have an opportunity to provide our excellent serviceto more customers and to earn their repeat business in the future,"added Mr. Henderson. "The Woodstock dealership will be managed byChance Armstrong who is very excited to lead our efforts at thisgreat new Car-Mart location." "Our current plans are to open an additionalfive new dealerships between now and the end of the current fiscalyear," said Jeff Williams, Chief Financial Officer. "Our solidfinancial results, strong balance sheet and competitive strengthswill continue to allow us to provide the best possible service toour 56,000+ active accounts and to future customers we will gain aswe grow. We continue to expect to open additional dealershipsat an approximate 10% annual rate beyond fiscal 2013." About America's Car-Mart America's Car-Mart operates 119 automotivedealerships in ten states and is the largest publicly-heldautomotive retailer in the United States focused exclusively on the"Integrated Auto Sales and Finance" segment of the used carmarket. The Company emphasizes superior customer service andthe building of strong personal relationships with its customers.The Company operates its dealerships primarily in smaller citiesthroughout the South-Central United States selling quality usedvehicles and providing financing for substantially all of itscustomers. For more information about America's Car-Mart,including investor presentations, please visit our website at www.car-mart.com. This press release contains "forward-looking statements" withinthe meaning of the Private Securities Litigation Reform Act of1995. These forward-looking statements address the Company'sfuture objectives, plans and goals, as well as the Company'sintent, beliefs and current expectations regarding future operatingperformance, and can generally be identified by words such as"may," "will," "should," "could," "believe," "expect,""anticipate," "intend," "plan," "foresee," and other similar wordsor phrases. Specific events addressed by theseforward-looking statements include, but are not limited to:
· new dealershipopenings;· performance ofnew dealerships; · same storerevenue growth; · annual growthof the number of dealerships; and · the Company'sbusiness and growth strategies. These forward-looking statements are based on the Company'scurrent estimates and assumptions and involve various risks anduncertainties. As a result, you are cautioned that theseforward-looking statements are not guarantees of futureperformance, and that actual results could differ materially fromthose projected in these forward-looking statements. Factorsthat may cause actual results to differ materially from theCompany's projections include, but are not limited to: · theavailability of credit facilities to support the Company'sbusiness; · the Company'sability to underwrite and collect its loans effectively; · competition; · availabilityof quality vehicles at prices that will be affordable to customers;and · generaleconomic conditions in the markets in which the Company operates,including but not limited to fluctuations in gas prices, groceryprices and employment levels. The Company undertakes no obligation to updateor revise any forward-looking statements, whether as a result ofnew information, future events or otherwise. You arecautioned not to place undue reliance on these forward-lookingstatements, which speak only as of the dates on which they aremade.
CONTACT: William H. ("Hank") Henderson, CEO at (479) 464-9944 or Jeff Williams, CFO at (479) 418-8021