Copart, Inc. (NASDAQ: CPRT), a leading online vehicle auction, is proud
to announce that it has made an agreement with SPEED to produce a new
television show highlighting vehicles on sale at Copart.com.
The television show, called "Sold In Seconds” will make its debut on
March 2 and air each Tuesday at noon. "Sold In Seconds” will highlight
the hottest buys up for auction each week on Copart.com and feature
interviews with Copart members to see what they’ve done with the
vehicles they’ve purchased.
"This show will not only provide more exposure for the vehicles we sell,
but will also be great entertainment for the Do-It-Yourself crowd who
loves to trick out their cars and put their own twist on their rides,”
said Copart President Jay Adair. "Not only will we be showing people how
to transform their vehicles, but we’ll also be showing them how Copart
is their source for getting the raw product they need to create their
automotive masterpiece.”
Adair added that airing "Sold In Seconds” on the SPEED network is a good
fit with Copart’s racing sponsorships. In 2010, Copart is sponsoring
Carl Edwards in the NASCAR Nationwide series and Brandon Bernstein in
the NHRA Top Fuel series.
"Race fans love cars, and we believe working with SPEED is a great way
to reach those fans and build buyer awareness,” Adair said. "SPEED is
where car enthusiasts go, and we are proud to be able to give viewers at
SPEED a show that will fuel their love of cars.”
For more information about Copart, visit www.copart.com.
About Copart
Copart, founded in 1982, provides vehicle sellers with a full range of
remarketing services to process and sell salvage and clean title
vehicles to dealers, dismantlers, rebuilders, exporters and, in some
states, to end users. Copart remarkets the vehicles through Internet
sales utilizing its patented VB2 technology. Copart sells
vehicles on behalf of insurance companies, banks, finance companies,
fleet operators, dealers, car dealerships, the general public and
others. The company currently operates 147 facilities in the United
States, Canada and the United Kingdom. Salvage vehicles are either
damaged vehicles deemed a total loss for insurance or business purposes
or are recovered stolen vehicles for which an insurance settlement with
the vehicle owner has already been made. For more information, or to
become a member, visit www.copart.com.
About SPEED
SPEED™ is the nation's first and foremost cable television network
dedicated to motor sports and the passion for everything automotive.
From racing to restoration, motorcycles to movies, SPEED delivers
quality programming from the track to the garage. Now available in more
than 79 million homes in North America, SPEED is among the
fastest-growing sports cable networks in the country and, the home to
NASCAR on SPEED and an industry leader in interactive TV, video on
demand, mobile initiatives and broadband services. For more information,
please visit SPEEDtv.com,
the online motor sports authority.
Cautionary Language Regarding
Forward-looking statements
This press release contains forward-looking statements within the
meaning of federal securities laws, including statements regarding our
expectations with respect to our agreement with Speed to produce and air
the television show "Sold In Seconds.” In particular, we can provide no
assurance that this show as described in this press release will result
in an increase in our brand awareness, customer base, sales volumes, or
revenues. These forward-looking statements are subject to certain risks,
trends and uncertainties that could cause actual results to differ
materially from those projected or implied by our statements and
comments. For a more complete discussion of the risks that could affect
our business, please review the "management's discussion and analysis”
and the other risks identified in Copart’s latest Annual Report on Form
10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K,
as filed with the Securities and Exchange Commission. We encourage
investors to review these disclosures carefully. We do not undertake to
update any forward-looking statement that may be made from time to time
on our behalf.