Pickups Plus, Inc. Opens New ValuGard Location in Dayton, OH
via COMTEXJune 16, 2004
CINCINNATI, Jun 16, 2004 (BUSINESS WIRE) --
Pickups Plus, Inc. (OTCBB:PUPS), a retailer and national franchiser in the Multi-billion dollar light truck and SUV aftermarket accessory industry and single source provider to automotive dealerships for their new vehicle preparation, environmental protection packages, detailing and reconditioning products and services; today announced it opened a new ValuGard Processing Center in Dayton, Ohio.
"Upon completing the acquisition of Auto Preservation (AP), we found there was a pent up demand for our ValuGard services in Dayton. The local automotive dealerships were being serviced through the sale of the products only, when what that really wanted was the turnkey solution that the Cincinnati dealerships have been recommending to them for years, " said Mr. Jesson CEO of Pickups Plus, Inc. The new Valugard processing center opened for business on June 15, 2004 with established relationships and orders from local dealerships.
Mr. Hayes Chief Operating Officer of Pickups Plus, Inc. stated, "Within the Cincinnati market alone, our ValuGard Processing Center processed over 15,000 vehicles for automotive dealerships last year and generated over 1.5 million dollars in revenue. Our plan is to open additional company Processing Centers and secure distributors outside our markets. Our new offering will provide distributors with everything they need to operate and service local automotive dealerships with this premier service including; certified training program, full line of ValuGard car care and environmental protection products and ongoing sales and marketing support." He continued, "for a relatively small investment a distributor or potential Franchisee can open a ValuGard Processing Center and with our sales and marketing support can have a profitable stand-alone business or, leverage that success to grow into a full Pickups Plus Franchisee location offering both automotive dealerships and consumers a full line of truck and SUV accessories and ValuGard Services".
Pick-Ups Plus, Inc. is a retail operator and franchiser of retail automotive parts and accessories stores catering to the light truck market, which is considered to be the fastest growing segment of the motor vehicle market in the United States. There are currently six franchised locations in operation and two Company owned-stores. In addition, through its Automotive Preservation Division the Company now offers automotive dealerships new vehicle preparation, environmental protection packages, detailing and reconditioning products and services. The Company intends to pursue an aggressive expansion strategy by opening additional company-owned stores, ValuGard Processing Centers, Distributorships and franchise locations to become the first nationwide chain in its growing, but highly fragmented industry. For more information about the Company go to www.pickupsplus.com and look for updates in the Chairman's Letter which will be posted monthly.
Safe Harbor Statement: Except for historical information contained herein, the statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, Section 21E of the Securities Act of 1934 and the Private Securities Litigation Act of 1995. Forward-looking statements involve known risk and uncertainties, which may cause the Company's actual results in the future to differ materially from forecasted results.
SOURCE: Pick-Ups Plus, Inc.
Pick-Ups Plus, Inc. Sean Hayes, 860-633-0377 shayes@Pickupsplus.com
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