News Article | June 29, 2017
SCOTTSDALE, Ariz., June 29, 2017 (GLOBE NEWSWIRE) -- AMMO, Inc. (OTC:POWW), a premier American ammunitions developer, manufacturer and distributor, today announced it has appointed two highly accomplished, senior business executives to its Board of Directors: Russell William “Rusty” Wallace, Jr., and James C. Czirr. Russell William "Rusty" Wallace, Jr. is a retired NASCAR legend. For over 30 years, Rusty delighted racing fans not only with his hard-nosed and aggressive approach to racing, but also with a personality and charisma that are unmatched in the sport. Currently, he serves as Lead Analyst for MRN Radio -- the Voice of NASCAR -- where he is heard on more than 700 affiliates nationwide, as well as on SiriusXM Radio. Mr. Wallace is also the principal stakeholder in the Rusty Wallace Automotive Group, a collection of eight automotive dealerships located in eastern Tennessee. NASCAR is second to the National Football League among professional sports franchises in terms of television viewers and fans in the United States. Internationally, its races are broadcast on television in over 150 countries. James C. Czirr brings over 40 years’ successful experience as an accomplished entrepreneur and corporate development executive. Currently, he serves as President of Sterling Pacific NW, LLC, a financial advisory firm, sits on the Board of two public companies and advises several others. He has a long track record of successful executive roles and consulting ventures building young companies in the public capital markets. Commenting on the Company’s two new Board appointments, AMMO CEO, Fred W. Wagenhals said, “Rusty is a NASCAR Hall of Famer who brings important, deep industry relationships and insight into the true American sportsman and sportswoman consumer marketplace – our primary target audience. “Jim has an exceptionally distinguished and prolific career in corporate finance and capital markets, working with developmental stage companies to build them into listed, highly successful public companies. “I am delighted for both gentlemen to join me on the AMMO Board,” Mr. Wagenhals concluded. “I am confident both will provide strong value added guidance as we grow AMMO into a premier, major player in the global ammunition business.” Russell William "Rusty" Wallace, Jr. is a retired American racing driver. For over 30 years, racing legend Rusty Wallace has delighted racing fans not only with his hard-nosed and aggressive approach to racing, but also with a personality and charisma that are unmatched in the sport. Mr. Wallace was 1989 NASCAR Cup Series Champion, 1984 Rookie of the Year and 55-time Cup Series race winner. He will go into history as one of NASCAR’s finest drivers. For 16 straight seasons, Mr. Wallace won at least one race in NASCAR’s Cup Series, marking the third-longest such streak in history. At the time of his retirement in 2005, Wallace’s 55 victories marked the eighth-best all-time total and his nearly 20,000 laps led ranked seventh all-time. Mr. Wallace’s on-track success was not limited just to NASCAR, however; he is also a former winner of the International Race of Champions (IROC). In 1991, he bested many of the world’s greatest drivers for the series title, becoming the only driver in history to win three of the series’ four events in a single season. Mr. Wallace’s accomplishments both on and off the track have been widely recognized. He is a member of the NASCAR Hall of Fame, the International Motorsports Hall of Fame, the National Motorsports Press Association (NMPA) Hall of Fame and the Motorsports Hall of Fame of America. As one of the main protagonists during NASCAR’s meteoric commercial rise of the 1990s and 2000s, Wallace is often credited as being one of the catalysts behind the mainstream appeal the sport enjoys today. At the NASCAR awards ceremony in 2005, he was presented the NMPA Myers Brothers Award, given for outstanding lifetime contributions to the sport of stock car racing. Mr. Wallace’s more recent undertakings have allowed him to continue putting his vast knowledge and charismatic personality to work. In 2006, he was named Lead Auto Racing Analyst for ABC and ESPN, providing analysis for the networks’ 2006 and 2007 broadcasts of the Indianapolis 500. He went on to headline the networks’ return to NASCAR in 2007 and maintained that role through their exit from the sport at the end of the 2014 season. Currently, Wallace serves as Lead Analyst for MRN Radio—the Voice of NASCAR—where he is heard on more than 700 affiliates nationwide, as well as on SiriusXM Radio. In addition to his racing analysis, Mr. Wallace remains an active competitor as owner of Rusty Wallace Racing, which has fielded entries in the NASCAR Cup Series and NASCAR Xfinity Series. Rusty is also active in other business pursuits. In 2005, he became the first driver in recent history to design a professional racing facility, when he inked the plans for the 7/8-mile Iowa Speedway. The facility opened to rave reviews and currently hosts rounds of the NASCAR Xfinity Series, the NASCAR Camping World Truck Series and the IRL Indycar Series. Mr. Wallace is also a sought-after public speaker and the principal stakeholder in the Rusty Wallace Automotive Group, a collection of eight automotive dealerships located in eastern Tennessee. Aside from his business interests, Wallace is also a board member of The NASCAR Foundation—the sport’s foremost charity initiative. In that role, he serves on the Foundation’s development committee, charged with fundraising for the foundation’s mission of helping children live, learn and play. James C. Czirr Biography James C. Czirr brings over 40 years’ successful experience as an accomplished entrepreneur and corporate development executive. Currently, he serves as President of Sterling Pacific NW, LLC, a financial advisory firm, and sits on the Boards of Directors of True Nature Holding (OTC:TNTY) and Galectin Therapeutics (NASDAQ:GALT). From 2005 to 2008, he served as CEO of Minerva Biotechnologies Corporation, rescuing it from bankruptcy. Minerva is a developer of nano particle bio-chips and the owner of pivotal stem cell technology that promises to play a key role in the development and implementation of stem cell therapies. Previously, he co-founded what is now Galectin Therapeutics (NASDAQ:GALT) (previously Pro-Pharmaceuticals) in 2000, where he orchestrated its financing and uplisting on the American Stock Exchange. During his tenure in charge of that company’s capital market strategy, the stock rose from an OTC low of $0.50 to over $18. Mr. Czirr became a Series B Director and Executive Chairman of the Board of Directors in 2009, a position that he held until 2016. Prior, Mr. Czirr was instrumental in the corporate development of Safe Science Inc., a developer of anti-cancer drugs and drug development tools he served from 1995 to 1999 helping that company raise approximately $30 million in capital and advance its science toward commercialization. Previously, Mr. Czirr consulted with the Software Revolution, a private company that owns proprietary software for converting legacy system software, such as COBOL to Java. He arranged the capital raises, and provided guidance to successfully complete the software tools and become a profitable business. The Software Revolution and its management were recognized by industry experts with some of that industry’s most prestigious awards. Earlier, he was a consultant and Director of Metalline Mining Company Inc., where he negotiated a joint venture with Penoles, the Mexican mining company that was, at the time, the largest producer of silver in the world. Mr. Czirr organized the capital and market support for Metalline to develop 4.6 billion lbs. of zinc and 91 million ounces of silver resources -- enabling it to trade on NYSE Alternext and attract a new, world class management team and subsequently be renamed Silver Bull Mining. Prior, he was a founding member of and a licensed representative of Richard Christman Lavigne, a brokerage house in Spokane, WA. There, he participated in investment banking syndicates raising money for small cap companies. Previously, he founded and managed Czirr Financial Planning and was one of the early professionals to obtain a CFP designation. He has held licenses for real-estate, securities (Series 7), Life & Health insurance. He began his career in sales management as an award winning exec with, what was then widely acknowledged as one of the world’s premier sales organization, Procter and Gamble. Mr. Czirr earned a B.B.A. degree from the University of Michigan were he distinguished himself as the only unanimous All Conference Football Player in the Big Ten Conference, per the Big Ten Coaches selection process. About AMMO, Inc. AMMO, Inc. (OTC:POWW), with corporate offices headquartered in Scottsdale, Arizona, and manufacturing facility in Payson, Arizona, designs and manufactures products for law enforcement, military, hunting, sport shooting and self-defense (www.ammo-inc.com). AMMO, Inc. was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes branded munitions, including the Jesse James line of munitions and accessories; SHIELD Series munitions for Law Enforcement, stealth subsonic munitions, and the OPS (One Precise Shot) the tactical line of defense line of munitions. Forward Looking Statements This release may contain forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to, the possibility that some or all of the matters and transactions considered by the Company may not proceed as contemplated, and by all other matters specified in the Company's filings with the Securities and Exchange Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. The Company does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause results to differ from those set forth in the forward-looking information can be found in the Company's filings with the Securities and Exchange Commission (www.sec.gov), including its recent periodic reports.
News Article | June 26, 2017
Crown Eurocars of St. Petersburg Earns Third Consecutive DealerRater Consumer Satisfaction Award, Second Consecutive Edmunds 5-Star Dealer Award St. Petersburg-based Crown Eurocars was recently honored with two prestigious customer service accolades by leading dealership review sites: DealerRater.com and Edmunds.com. The Crown Automotive Group dealership earned its third consecutive Consumer Satisfaction Award, and its second consecutive Edmunds 5-Star Dealer Award. St. Petersburg, FL, June 26, 2017 --( “Awards that are based on customer feedback are very important to us because they are a direct reflection of the experience we provide at our dealership. We are very proud to have consistently positive ratings on DealerRater.com and Edmunds.com, two of the most influential dealership review sites in the automotive industry,” said Larry Casto, General Manager at Crown Eurocars of St. Petersburg. The Consumer Satisfaction Award is awarded annually by DealerRater based on the website’s proprietary PowerScore, a Bayesian algorithm that takes into account the dealership’s star rating, as well as the total number of reviews written about the dealership during the calendar year. Crown Eurocars of St. Petersburg currently has a 4.9 star rating on the site and a 99% recommend rate out of its 870 lifetime reviews. In order to qualify for the Edmunds Five Star Dealer Award, dealerships must have earned an overall sales rating of five stars on a minimum of 20 reviews on Edmunds.com over the past year. Dealerships are also required to have at least a 4.5-star average over the past two years. The Crown Automotive Group dealership currently holds five star ratings in both Sales and Service with 72 reviews and 55 reviews, respectively. About DealerRater Dealer of The Year Awards DealerRater’s Dealer of the Year awards are given annually to the top U.S. and Canadian car dealers based on a Bayesian algorithm called PowerScore™, which considers the dealership’s average DealerRater star-rating as well as the total number of reviews written about the dealership during the 2016 calendar year. Categories for scoring include customer service, quality of work, friendliness, pricing and overall experience. About Edmunds Five Star Dealer Awards The Edmunds Five Star Dealer Awards are given annually to dealerships across the nation that consistently deliver great car-shopping experiences. Now in its fifth year, Edmunds presented awards to 817 car dealers who have earned the highest overall rating for customer satisfaction in Edmunds' dealer sales ratings. In order to be eligible, dealers must participate in the Edmunds Dealer Partner program and must have earned an overall sales rating of five stars on a minimum of 20 reviews on Edmunds over the past year. Additionally, they must have maintained at least a 4.5-star average over the past two years to be recognized. About Crown Automotive Group Over the last 40 years, Crown Automotive Group has grown into one of the largest privately owned dealership groups in the nation with operations in Florida, Ohio, and Tennessee. Every Crown Automotive dealership features an extensive selection of new, certified, and meticulously inspected pre-owned vehicles with financing options for every budget. Customers can also expect superior service from a team of highly trained technicians at Crown's signature award-winning service facilities. Driven by four core values: Customer Focus, Teamwork, Integrity and Growth, the group is committed to providing each customer with "The Better Way To Buy." St. Petersburg, FL, June 26, 2017 --( PR.com )-- Crown Eurocars of St. Petersburg was recently awarded its third consecutive 2017 Consumer Satisfaction Award during DealerRater’s annual announcement at the National Automobile Dealership Association (NADA) Convention. The Crown Automotive Group dealership was also named a 2017 Edmunds Five Star Dealer for the second year in a row.“Awards that are based on customer feedback are very important to us because they are a direct reflection of the experience we provide at our dealership. We are very proud to have consistently positive ratings on DealerRater.com and Edmunds.com, two of the most influential dealership review sites in the automotive industry,” said Larry Casto, General Manager at Crown Eurocars of St. Petersburg.The Consumer Satisfaction Award is awarded annually by DealerRater based on the website’s proprietary PowerScore, a Bayesian algorithm that takes into account the dealership’s star rating, as well as the total number of reviews written about the dealership during the calendar year.Crown Eurocars of St. Petersburg currently has a 4.9 star rating on the site and a 99% recommend rate out of its 870 lifetime reviews.In order to qualify for the Edmunds Five Star Dealer Award, dealerships must have earned an overall sales rating of five stars on a minimum of 20 reviews on Edmunds.com over the past year. Dealerships are also required to have at least a 4.5-star average over the past two years.The Crown Automotive Group dealership currently holds five star ratings in both Sales and Service with 72 reviews and 55 reviews, respectively.About DealerRater Dealer of The Year AwardsDealerRater’s Dealer of the Year awards are given annually to the top U.S. and Canadian car dealers based on a Bayesian algorithm called PowerScore™, which considers the dealership’s average DealerRater star-rating as well as the total number of reviews written about the dealership during the 2016 calendar year.Categories for scoring include customer service, quality of work, friendliness, pricing and overall experience.About Edmunds Five Star Dealer AwardsThe Edmunds Five Star Dealer Awards are given annually to dealerships across the nation that consistently deliver great car-shopping experiences. Now in its fifth year, Edmunds presented awards to 817 car dealers who have earned the highest overall rating for customer satisfaction in Edmunds' dealer sales ratings.In order to be eligible, dealers must participate in the Edmunds Dealer Partner program and must have earned an overall sales rating of five stars on a minimum of 20 reviews on Edmunds over the past year. Additionally, they must have maintained at least a 4.5-star average over the past two years to be recognized.About Crown Automotive GroupOver the last 40 years, Crown Automotive Group has grown into one of the largest privately owned dealership groups in the nation with operations in Florida, Ohio, and Tennessee.Every Crown Automotive dealership features an extensive selection of new, certified, and meticulously inspected pre-owned vehicles with financing options for every budget.Customers can also expect superior service from a team of highly trained technicians at Crown's signature award-winning service facilities. Driven by four core values: Customer Focus, Teamwork, Integrity and Growth, the group is committed to providing each customer with "The Better Way To Buy." Click here to view the list of recent Press Releases from Crown Automotive
News Article | June 29, 2017
Wiseguyreports.Com Adds “Automotive Repair & Maintenance Service -Market Demand, Growth, Opportunities and Analysis of Top Key Player Forecast To 2022” To Its Research Database This report studies the global Automotive Repair & Maintenance Service market, analyzes and researches the Automotive Repair & Maintenance Service development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Market segment by Type, Automotive Repair & Maintenance Service can be split into Car Maintenance Services Car Repair Service Market segment by Application, Automotive Repair & Maintenance Service can be split into Passenger Cars Light Commercial Vehicles Heavy Commercial Vehicles If you have any special requirements, please let us know and we will offer you the report as you want. Global Automotive Repair & Maintenance Service Market Size, Status and Forecast 2022 1 Industry Overview of Automotive Repair & Maintenance Service 1.1 Automotive Repair & Maintenance Service Market Overview 1.1.1 Automotive Repair & Maintenance Service Product Scope 1.1.2 Market Status and Outlook 1.2 Global Automotive Repair & Maintenance Service Market Size and Analysis by Regions 1.2.1 United States 1.2.2 EU 1.2.3 Japan 1.2.4 China 1.2.5 India 1.2.6 Southeast Asia 1.3 Automotive Repair & Maintenance Service Market by Type 1.3.1 Car Maintenance Services 1.3.2 Car Repair Service 1.4 Automotive Repair & Maintenance Service Market by End Users/Application 1.4.1 Passenger Cars 1.4.2 Light Commercial Vehicles 1.4.3 Heavy Commercial Vehicles 3 Company (Top Players) Profiles 3.1 Jiffy Lubes International 3.1.1 Company Profile 3.1.2 Main Business/Business Overview 3.1.3 Products, Services and Solutions 3.1.4 Automotive Repair & Maintenance Service Revenue (Value) (2012-2017) 3.1.5 Recent Developments 3.2 Firestone Complete Auto Care 3.2.1 Company Profile 3.2.2 Main Business/Business Overview 3.2.3 Products, Services and Solutions 3.2.4 Automotive Repair & Maintenance Service Revenue (Value) (2012-2017) 3.2.5 Recent Developments 3.3 Monro Muffler Brake 3.3.1 Company Profile 3.3.2 Main Business/Business Overview 3.3.3 Products, Services and Solutions 3.3.4 Automotive Repair & Maintenance Service Revenue (Value) (2012-2017) 3.3.5 Recent Developments 3.4 Driven Brands 3.4.1 Company Profile 3.4.2 Main Business/Business Overview 3.4.3 Products, Services and Solutions 3.4.4 Automotive Repair & Maintenance Service Revenue (Value) (2012-2017) 3.4.5 Recent Developments 3.5 Asbury Automotive Group 3.5.1 Company Profile 3.5.2 Main Business/Business Overview 3.5.3 Products, Services and Solutions 3.5.4 Automotive Repair & Maintenance Service Revenue (Value) (2012-2017) 3.5.5 Recent Developments 3.6 Sumitomo Corporation 3.6.1 Company Profile 3.6.2 Main Business/Business Overview 3.6.3 Products, Services and Solutions 3.6.4 Automotive Repair & Maintenance Service Revenue (Value) (2012-2017) 3.6.5 Recent Developments 3.7 Belron International 3.7.1 Company Profile 3.7.2 Main Business/Business Overview 3.7.3 Products, Services and Solutions 3.7.4 Automotive Repair & Maintenance Service Revenue (Value) (2012-2017) 3.7.5 Recent Developments 3.8 Meineke Car Care Center 3.8.1 Company Profile 3.8.2 Main Business/Business Overview 3.8.3 Products, Services and Solutions 3.8.4 Automotive Repair & Maintenance Service Revenue (Value) (2012-2017) 3.8.5 Recent Developments 3.9 Goodyear Tire & Rubber 3.9.1 Company Profile 3.9.2 Main Business/Business Overview 3.9.3 Products, Services and Solutions 3.9.4 Automotive Repair & Maintenance Service Revenue (Value) (2012-2017) 3.9.5 Recent Developments 3.10 Ashland Automotive 3.10.1 Company Profile 3.10.2 Main Business/Business Overview 3.10.3 Products, Services and Solutions 3.10.4 Automotive Repair & Maintenance Service Revenue (Value) (2012-2017) 3.10.5 Recent Developments 3.11 Carmax Autocare Center 3.12 Safelite Group 3.13 Midas For more information, please visit https://www.wiseguyreports.com/sample-request/1506191-global-automotive-repair-maintenance-service-market-size-status-and-forecast-2022
News Article | June 28, 2017
Subaru of Pembroke Pines took their mantra “Subaru Loves Pets” to a whole new level by hosting their second Subaru of Pembroke Pines Dog Appreciation Day Pawty. The event was a day to celebrate all breeds, pure and mixed while creating public awareness for dogs that need to be rescued. It honored both family dogs and dogs that selflessly keep people safe, and bring comfort with their service. At the Subaru of Pembroke Pines DOG APPRECIATION PAWTY, participants enjoyed complimentary barbecue lunch while experiencing tail-wagging dog-themed activities. Event supporters included Young at Art Museum, Paola Paladini Pet Photography, Trupanion, Angie’s Pet Spa & Boutique, Leashes Pet Care, Dog Trainer Lisa Hartman, Dog Scouts of America, Café Ala Carte, Middle River Animal Hospital and The Pet Stop Mobile Vaccine Clinic. One of South Florida's favorite radio personalities, GiGi Diaz from the 939 MIA Morning Show hosted a Tips & Talk Q&A with professionals to demonstrate how to take care of your canine best, as well as the Pet Supermarket Dog Look-A-Like Contest where the top five participants each went home with a $100 Gift Card. As part of their commitment to Share the Love, Craig and Martine Zinn, and the Craig Zinn Automotive Group (CZAG) who owns and operates Subaru of Pembroke Pines partnered with Abandoned Pet Rescue (APR), a unique center that stands apart from other organizations in Broward County. They believe in the integrity of the lives of all animals and proudly hold the position as Broward County’s largest no-kill shelter. Their dogs are cared for in a no-cage, “dog-dog free play,” environment which significantly reduces behavioral and socialization issues linked with kenneling. Chase Bank also joined in and donated $2,000.00 towards supporting APR’s mission. “We are partnered with Abandoned Pet Rescue to help find safe and loving homes for homeless dogs in Broward County,” said Martine Zinn, Automotive Corporate Relations Executive at the Craig Zinn Automotive Group. “By hosting adoptions at Subaru of Pembroke Pines we aim to make a vast difference in the lives of defenseless dogs, individuals and families who all benefit from the love and companionship dogs so willingly provide.” “Abandoned Pet Rescue was gratified to work with Subaru of Pembroke Pines on an amazing event where our rescues had the opportunity to be adopted. It was a dawg-gone good event,” said, Larry Wallenstein, APR Volunteer. “Chase is proud to join with Subaru of Pembroke Pines and offer our support of Abandoned Pet Rescue in their vital efforts to rescue, shelter, and find new homes for abandoned, abused and neglected pets in our South Florida communities. This wonderful work is a true investment in civic responsibility, and we thank all involved for their compassionate care and humanitarian spirit,” said Ernest Evans, III, Managing Director, Chase Dealer Commercial Services. Subaru of Pembroke Pines, Florida's Number One Volume Subaru Store is committed to making a positive impact in their community. To learn more about the “Subaru Loves Pets” campaign, please visit subaruofpembrokepines.com. About Subaru of Pembroke Pines: Your Pembroke Pines, Florida Subaru Dealership: At Subaru of Pembroke Pines, we offer new Subaru cars in Pembroke Pines, along with used cars, trucks, and SUVs by top manufacturers. Our sales staff will help you find that new or used car you have been searching for in Pembroke Pines. We proudly serve new and used car shoppers from all over the South Florida communities of Kendall, Fort Lauderdale, Miami, and Dade County. For years, our financial staff at Subaru of Pembroke Pines has offered expert advice for those seeking a great Subaru car loan or lease. Our service doesn't stop there. Pembroke Pines customers can come in and take advantage of our knowledgeable Subaru car repair technicians and a fully-stocked inventory of Subaru auto parts. You can reach Subaru of Pembroke Pines any time by filling out our contact form on our website subaruofpembrokepines.com, by calling us (888) 821-9697 or simply visit our Pembroke Pines Subaru dealership at 16100 Pines Boulevard Pembroke Pines, Florida. About Abandoned Pet Rescue: Abandoned Pet Rescue (APR), founded in 1996, is a 501(C)(3) IRS tax-exempt, qualified non-profit charitable organization that rescues and shelters abandoned, abused, and neglected pets, rehabilitates them and finds them new homes. A unique center that stands apart from other organizations in Broward County, we believe in the integrity of the lives of all animals and proudly hold the position as Broward’s largest NO-KILL shelter. Our animals are cared for in a no-cage, “dog-dog free play,” environment which greatly reduces behavioral and socialization issues linked with kenneling. Any member of the feline or canine species that lands on our doorstep is provided with a warm bed, substantial meals and necessary veterinary care as they await adoption by a new family. We deliver a special adoption process in which soon-to-be parents have the option to take their potential pet home overnight to guarantee compatibility. Beyond the standard spay and neuter operation, every Abandoned Pet Rescue pet is tested for Feline AIDS and Leukemia, provided updated vaccinations, and a customized microchip implant. For more information, please visit apr.rescuegroups.org.
News Article | June 2, 2017
PHILADELPHIA--(BUSINESS WIRE)--Icahn Automotive Group LLC, a wholly-owned subsidiary of Icahn Enterprises L.P. (NASDAQ: IEP), announced that it has entered into a definitive agreement to acquire automotive service company Precision Auto Care, Inc., parent company of Precision Tune Auto Care. “ The acquisition of Precision Auto Care, with more than 250 corporate-owned and franchised Precision Tune service locations in the United States, is the next step in building out our national automotive service network,” said Daniel A. Ninivaggi, CEO of Icahn Automotive Group LLC. “ Coupled with our existing footprint of more than 1,000 corporate-owned locations, as well as our in-house automotive parts and tire distribution capabilities, we are uniquely positioned to provide high-quality parts, tires and services to our customers at the most competitive price.” Precision Auto Care, in business for more than 40 years, has service locations in 26 states, with concentrations in Georgia, North Carolina and South Carolina. “ These full-service shops will continue to operate as Precision Tune locations and will be led by Robert Falconi, who will remain CEO of Precision Auto Care,” said Ninivaggi. “ We are pleased to welcome a number of strong independent franchisees to our organization. I would like to thank the Precision Tune franchisees, particularly the Grimaud and Allbert families, for their support. We look forward to working with these business owners and Robert to grow the Precision brand.” Icahn Automotive Group LLC was formed by its parent, Icahn Enterprises L.P., to invest in and operate businesses involved in aftermarket parts distribution and service. Our businesses have a singular focus: provide premium automotive parts and services at a great value. The businesses of Icahn Automotive Group today consist of Pep Boys, an automotive aftermarket retail and service chain, and Auto Plus®, an automotive aftermarket parts distributor. Precision Auto Care, Inc.’s affiliate, Precision Franchising LLC, is one of the world’s leading franchisors of auto care centers, with 316 operating centers as of May 3, 2017. The Company franchises Precision Tune Auto Care centers around the world. This release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are beyond our ability to control or predict. Forward-looking statements may be identified by words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “will” or words of similar meaning. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise.
News Article | June 2, 2017
West Automotive Group opened a new location, West Kearny Mesa Automotive & Transmission, Wednesday, May 24, 2017 in San Diego, Calif. The new automotive repair facility is the brand’s third location. West Automotive Group has another location in El Cajon, Calif., and its flagship shop is located in Escondido, Calif. Owner, Brian Bowersock, is known in the San Diego County area as The Auto Man, and he discusses automotive repair tips and general automotive information on weekly television and radio segments on local channels. “We’re very excited to be able to provide top-quality automotive repair and service to even more drivers in San Diego County,” said Bowersock. “We can’t wait to see the success this new location achieves and the wonderful community it builds,” he continued. All locations are full-service repair facilities and specialize in transmission repair, offering customers a one-stop shop for all things automotive repair. All businesses operate under one central brand - West Automotive Group - and Bowersock hopes to eventually continue the brand’s expansion to serve even more drivers. All three West Automotive Group locations provide general automotive and transmission repair services, fleet maintenance and repair, and hybrid repair services. They are open weekdays from 7:15 a.m. - 6 p.m., and the Escondido location has Saturday hours from 7:30 a.m. - 2 p.m. Visit the website for further location information. West Automotive Group has three locations providing the best automotive and transmission repairs in San Diego County. Each location offers the latest and most sophisticated auto service by only employing skilled technicians who are trained to use the latest technology. West Automotive Group's repair facilities have provided prompt service at a fair price since 1993.
News Article | June 1, 2017
DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Assessment of the Indo-China Luxury Car Market 2017" report to their offering. Assessment of the Indo-China Luxury Car Market 2017' highlights key dynamics of China's luxury car market. The growing opportunity in the sector has been investigated along with capturing initiatives and performance of key players such as Volkswagen AG, Daimler AG, Bayerische Motoren Werke AG (BMW), Tata Motors Limited, General Motors Company, Maserati S.p.A. and Porsche AG. The report contains latest industry-related opinions. India is one of the largest passenger vehicle markets in the world and vehicle manufacturers both in the passenger and luxury segment see a huge potential for sales growth in the country. While the luxury car penetration level in the country is low but leading luxury car manufacturers are betting on the market's potential. Luxury car penetration in India currently stands at 1.1% as compared with 2.7% in Brazil. While, the September 2015 ban on diesel vehicles in the National Capital Region coupled with demonetisation has posed a challenge for players, they are still optimistic. In 2017, in China, the luxury car segment is seeing strong growth. Mercedes-Benz witnessed its best ever month in terms of sales in China in March 2017 with sales growth of 32.1% year-on-year (49,871 units). The Company's first quarter 2017 sales grew by 37.3% to 144,947 units. Traditionally China has been one of the most important international luxury car markets and the country has been attracting huge foreign investment. In 2015, Daimler and their joint venture partner Beijing Automotive Group announced their intention to spend USD 1.37 billion to increase Mercedes capacity at their Beijing plant to double. The current Chinese Government's corruption crackdown has dampened the luxury market in the country. Luxury cars, business jets and yachts are some of the sectors that have been adversely affected. However, the outlook for the luxury car market in China is bright. It is expected that by 2020 China will become the world's leading luxury car market leaving the United States behind. For more information about this report visit http://www.researchandmarkets.com/research/kqmsh4/assessment_of_the
News Article | August 10, 2017
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jabil Inc. (NYSE:JBL) and eyeSight Technologies announced a new partnership to develop next-generation in-car sensing technology that delivers the most advanced levels of driver monitoring and gesture control. The partnership combines Jabil’s automotive-grade optics capabilities with eyeSight’s computer vision and deep learning software. Together, Jabil and eyeSight are developing a system that assesses the presence of an active and aware driver and improves human-machine interface (HMI). “Jabil’s partnership with eyeSight Technologies supports automakers working to reduce accidents involving driver distraction,” said Lisa Bahash, senior vice president, Jabil Automotive Group. “The accuracy, intelligence and efficiency of the system we’re developing will enable automakers to implement in-car sensing systems across all vehicle types.” “For years, eyeSight has been living and breathing computer vision and machine learning solutions, which are already deployed in millions of devices worldwide,” said Gideon Shmuel, CEO of eyeSight. “Most recently, eyeSight has been very focused on the in-car automotive market, and our partnership with Jabil will expand our joint solution to enhance the driver experience by offering tangible benefits like driver monitoring and personalization.” The combined hardware and software system operates with sub-pixel accuracy enabling higher-resolution driver monitoring. The accuracy of the camera modules, together with intelligent software, allows the system to be smaller, resulting in reduced weight and footprint. The scalable system, which can be integrated into existing cockpit electronics, uses time-of-flight and infrared capabilities to enable: Jabil is a product solutions company providing comprehensive electronics design, production and product management services to global electronics and technology companies. Offering complete product supply chain management from facilities in 28 countries, Jabil provides comprehensive, focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL". For Further info, visit: http://www.jabil.com/. eyeSight is the leading provider of embedded computer vision and deep learning solutions, bringing user awareness and gesture recognition technologies to a variety of devices and industries. The company’s technology improves daily life interactions with the home, the car, and other consumer electronics with simplified user interactions that are intelligent and personalized. eyeSight’s technology was designed for a wide range of applications, from active interactions with gesture recognition and finger tracking, to passive user detection and face analysis, delivering customized experiences based on user features and actions. For more information, visit www.eyesight-tech.com.
News Article | August 8, 2017
PHOENIX--(BUSINESS WIRE)--Carvana Co. (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced financial results for its second quarter ended June 30, 2017. Carvana’s complete second quarter 2017 financial results and management commentary can be found by accessing the Company’s shareholder letter at: https://investors.carvana.com/financial-reports/sec-filings. “Carvana accelerated its growth in retail unit sales and revenues to 145% and 142%, respectively, during a very strong second quarter. We are seeing tremendous growth in both our existing and new markets as we continue our rapid expansion nationwide. We also increased our gross profit per unit, both sequentially and as compared to last year,” said Ernie Garcia, Carvana co-founder and CEO. “Our mission is to change the way people buy cars. More and more consumers are turning to Carvana for a seamless, hassle-free car buying experience. We are scaling our business to meet the growing demand, and with the recent announcement of our launch in Phoenix we are excited to introduce the simplicity of online car buying to the Southwest.” Carvana achieved significant unit and revenue growth in Q2 2017, coupled with increased total gross profit per unit. All financial comparisons are versus Q2 2016, unless otherwise noted. We anticipate further unit and revenue growth, as well as total gross profit per unit and EBITDA margin improvement. For Q3 2017, we expect: We are reiterating our FY 2017 guidance as follows: For more information regarding the non-GAAP financial measures, please see the reconciliations of our non-GAAP measurements to their most directly comparable GAAP-based financial measurements included at the end of this press release. Guidance for EBITDA margin excludes depreciation and amortization expense and interest expense. We have not reconciled EBITDA guidance to GAAP net loss as a result of the uncertainty regarding, and the potential variability of, interest expense. Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measure is not available without unreasonable effort. Depreciation and amortization expense, which is a component of the reconciliation between EBITDA and GAAP net loss, is expected to be between 1.0% and 1.5% of total revenues for both Q3 2017 and FY 2017. Carvana will host a conference call today, Aug. 8, 2017, at 2 p.m. PDT (5 p.m. EDT) to discuss financial results. To participate in the live call, analysts and investors should dial (877) 270-2148 or (412) 902-6510. A live audio webcast of the conference call along with supplemental financial information will also be accessible on the company's website at investors.carvana.com. Following the webcast, an archived version will be available on the website for one year. A telephonic replay of the conference call will be available until Tuesday, Aug. 15, 2017, by dialing (877) 344-7529 or (412) 317-0088 and entering passcode 10109151#. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Carvana’s current expectations and projections with respect to, among other things, its financial condition, results of operations, plans, objectives, future performance, and business. These statements may be preceded by, followed by or include the words "aim," "anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely," "outlook," "plan," "potential," "project," "projection," "seek," "can," "could," "may," "should," "would," "will," the negatives thereof and other words and terms of similar meaning. Forward-looking statements include all statements that are not historical facts. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Among these factors are risks related to: (1) our history of losses and ability to maintain profitability in the future, (2) our ability to effectively manage our rapid growth, (3) our limited operating history, (4) the seasonal and other fluctuations in our quarterly operating results, (5) our relationship with DriveTime Automotive Group, Inc.,(6) our management’s accounting judgments and estimates, as well as changes to accounting policies, (7) our ability to compete in the highly competitive industry in which we participate, (8) the changes in prices of new and used vehicles, (9) our ability to acquire desirable inventory, (10) our ability to sell our inventory expeditiously, (11) our ability to sell and generate gains on the sale of automotive finance receivables, (12) our dependence on the sale of automotive finance receivables for a substantial portion of our gross profits, (13) our reliance on potentially fraudulent credit data for the automotive finance receivables we sell, (14) our ability to successfully market and brand our business; (15) our reliance on Internet searches to drive traffic to our website, (16) our ability to comply with the laws and regulations to which we are subject, (17) the changes in the laws and regulations to which we are subject, (18) our ability to comply with the Telephone Consumer Protection Act of 1991;(19) the evolution of regulation of the Internet and eCommerce, (20) our ability to maintain reputational integrity and enhance our brand, (21) our ability to grow complementary product and service offerings, (22) our ability to address the shift to mobile device technology by our customers, (23) risks related to the larger automotive ecosystem, (24) the geographic concentration where we provide services, (25) our ability to raise additional capital, (26) our ability to maintain adequate relationships with the third parties that finance our vehicle inventory purchases, (27) the representations we make in our finance receivables we sell, (28) our reliance on our proprietary credit scoring model in the forecasting of loss rates, (29) our reliance on internal and external logistics to transport our vehicle inventory, (30) the risks associated with the construction and operation of our inspection and reconditioning centers, fulfillment centers and vending machines, including our dependence on one supplier for construction and maintenance for our vending machines, (31) our ability to protect the personal information and other data that we collect, process and store, (32) disruptions in availability and functionality of our website, (33) our ability to protect our intellectual property, technology and confidential information, (34) our ability to defend against claims that our employees, consultants or advisors have wrongfully used or disclosed trade secrets or intellectual property, (35) our ability to defend against intellectual property disputes, (36) our ability to comply with the terms of open source licenses, (37) conditions affecting automotive manufacturers, including manufacturer recalls, (38) our reliance on third party technology to complete critical business functions, (39) our dependence on key personnel to operate our business, (40) the costs associated with becoming a public company, (41) the diversion of management’s attention and other disruptions associated with potential future acquisitions, (42) the legal proceedings to which we may be subject in the ordinary course of business, (43) potential errors in our retail installment contracts with our customers that could render them unenforceable and (44) risks relating to our corporate structure and tax receivable agreements. There is no assurance that any forward-looking statements will materialize. You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date. Carvana does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. Use of Non-GAAP Financial Measures As appropriate, we supplement our results of operations determined in accordance with U.S. generally accepted accounting principles (“GAAP”) with certain non-GAAP financial measurements that are used by management, and which we believe are useful to investors, as supplemental operational measurements to evaluate our financial performance. These measurements should not be considered in isolation or as a substitute for reported GAAP results because they may include or exclude certain items as compared to similar GAAP-based measurements, and such measurements may not be comparable to similarly-titled measurements reported by other companies. Rather, these measurements should be considered as an additional way of viewing aspects of our operations that provide a more complete understanding of our business. We strongly encourage investors to review our consolidated financial statements included in publicly filed reports in their entirety and not rely solely on any one, single financial measurement or communication. Reconciliations of our non-GAAP measurements to their most directly comparable GAAP-based financial measurements are included at the end of this press release. Founded in 2012 and based in Phoenix, Carvana’s (NYSE: CVNA) mission is to change the way people buy cars. By removing the traditional dealership infrastructure and replacing it with technology and exceptional customer service, Carvana offers consumers an intuitive and convenient online automotive retail platform, with a fully transactional website that enables consumers to quickly and easily buy a car online, including finding their preferred vehicle, qualifying for financing, completing the purchase and loan with signed contracts, and receiving delivery or pickup of the vehicle from one of Carvana’s proprietary automated Car Vending Machines. For further information on Carvana, please visit www.carvana.com, or connect with us on Facebook, Instagram or Twitter. CARVANA CO. AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Unaudited) (In thousands, except per share amounts) Adjusted net loss and adjusted net loss per share are supplemental measures of operating performance that do not represent and should not be considered alternatives to net loss and net loss per share, as determined under GAAP. We believe that adjusted net loss and adjusted net loss per share supplement GAAP measures and enable us to more effectively evaluate our performance period-over-period and relative to our competitors. A reconciliation of adjusted net loss to net loss attributable to Carvana Co., the most directly comparable GAAP measure, and the computation of adjusted net loss per share are as follows: (1) Assumes exchange of all outstanding LLC Units for shares of Class A common stock retroactively applied as if the exchanges had occurred at the beginning of each period presented under the terms of the exchange agreement. (2) Excludes approximately 0.5 million restricted stock awards and 0.5 million stock options outstanding at June 30, 2017, because they were determined to be anti-dilutive. EBITDA is a non-GAAP supplemental measure of operating performance that does not represent and should not be considered an alternative to net loss or cash flow from operations, as determined by GAAP. EBITDA is defined as net loss before interest expense, income tax expense and depreciation and amortization expense. We use EBITDA to measure the operating performance of our business, excluding specifically identified items that we do not believe directly reflect our core operations and may not be indicative of our recurring operations. EBITDA may not be comparable to similarly titled measures provided by other companies due to potential differences in methods of calculations. A reconciliation of EBITDA to net loss, the most directly comparable GAAP measure, is as follows:
News Article | August 8, 2017
Cambridge Automotive Group (CAG) recently donated $4500 to the Children’s Miracle Network Hospitals. The check was presented in Los Angeles on July 27, 2017. These funds will support the Children’s Hospital Los Angeles as a part of Maaco’s 45th Anniversary fundraising campaign. As the largest Maaco franchisee in the US, Cambridge Automotive Group owns close to 40 locations in the Southwest and is proud to support their local communities. About Cambridge Automotive Group Cambridge Automotive Group (CAG) was formed in 2015 to pursue a growth strategy in the car care industry. CAG is the largest Maaco® franchisee in the world. The company has attracted a best-in-class management team and continues to invest significant capital to grow in the Macco® system through remodels and new center development. The group is seeking to open additional Maaco locations with growth targeted in California, Texas, Nevada, Arizona, New Mexico, Oregon, Utah and Washington. About Maaco® Maaco Auto Painting & Collision Repair -- a part of the Driven Brands, Inc. family of automotive aftermarket franchise brands based in Charlotte, NC -- is America's #1 Bodyshop. Maaco provides automotive paint and cosmetic repair services for nearly 500,000 drivers annually. With more than 500 independently owned and operated franchises across the United States and Canada, Maaco has restored the safety and appearance of more than 20 million vehicles over 45 years. Maaco ranked #106 on Entrepreneur Magazine's 2015 Franchise 500 Rankings, and is currently #1 in the automotive appearance services category. For more information, visit Maaco.com. For more information about franchising opportunities, visit MaacoFranchise.com.