Bentonville, Arkansas, March 4, 2013 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) todayannounced the opening of its 121st dealership. The dealership islocated in Harrisonville, Missouri. "Harrisonville is our 16 th locationin Missouri and our 7th new dealership for this fiscal year. Wehave a proud history and a bright future and our plans are tocontinue to expand our business to more cities like Harrisonvilleas we grow," said William H. ("Hank") Henderson, President andChief Executive Officer of America's Car-Mart. "We feel confidentthat we will have at least three more new lot openings prior to ourApril 30 year end which will put us at ten for the year." "For almost 32 years, Car-Mart has providedquality vehicles, affordable payment terms, and excellent servicewhile expanding throughout the South-Central United States. Witheach new dealership we have an opportunity to provide our excellentservice to more customers and to earn their repeat business in thefuture," added Mr. Henderson. "The Harrisonville dealership will bemanaged by Marc Hester who is very excited to lead our efforts atthis great new location." "Our solid financial results, strong balancesheet and competitive strengths will continue to allow us toprovide the best possible service to our 57,000+ active accountsand to future customers we will gain as we grow. We expect toopen additional dealerships at an approximate 10% annual ratebeyond fiscal 2013," said Jeff Williams, Chief FinancialOfficer. About America's Car-Mart America's Car-Mart operates 121 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