Copart Named Entitlement Sponsor for Milwaukee Mile June 19 NASCAR Event
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WEST ALLIS, Wis.--(Business Wire)-- Copart, Inc. (NASDAQ:CPRT), a leading online vehicle remarketer, is proud to announce that the company will be the entitlement sponsor for The Milwaukee Mile`s Friday night, June 19 Copart 200 NASCAR Camping World Truck Series (NCWTS) event. The Copart 200, as the event will be called, is an extension of Copart`s involvement in NASCAR, specifically with the Truck Series teams of Germain Racing with driver Todd Bodine and Kevin Harvick Inc. with driver Ron Hornaday for a set amount of races this season. This is the first time Copart will be a NASCAR event entitlement sponsor. "This is just one more way Copart is showing its commitment to increasing buyer awareness by reaching out to NASCAR fans and letting them know about the extensive inventory of vehicles available on Copart.com," said Copart President Jay Adair. "This entitlement sponsorship allows us a variety of opportunities to get the message out that Copart is the best place to find cars and help make Copart a household name among car fanatics everywhere." Not only is the race named after Copart, but all advertising and print collateral will also include the Copart name and brand. Each ticket will feature the "Copart 200" title, and signs advertising Copart will be displayed throughout the event. Copart representatives will also be interviewed on MRN radio - the voice of NASCAR, and will be given the opportunity to wave the green flag to start the race. Copart recently enhanced its website to make it easier for new buyers to search and view vehicles offered at Copart.com. Copart already has more than 100,000 professional buyers in more than 100 countries that purchase vehicles on Copart.com. "We`re proud of Copart`s involvement in bringing our loyal fans some of the best racing in NASCAR, under the lights on Friday night, June 19. This is a great fit in matching up our extremely loyal NASCAR fans with Copart`s access to tens of thousands of vehiclesfor sale every day on their website, Copart.com," commented Milwaukee Mile President & CEO Claude Napier. 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 registered buyer, visit www.copart.com. 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 entitlement sponsorship of the Copart 200 NASCAR Camping World Truck Series (NCWTS) event. In particular, we can provide no assurance that our racing sponsorship 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. About NASCAR Racing The Milwaukee Mile The Milwaukee Mile is the oldest active motor speedway in the world, dating back to 1903. There have been 32 NASCAR-sanctioned events held at America`s Legendary Oval since 1984. The Mile is also one of the four original tracks still on the NCWTS schedule since the series` inception in 1995. For details on the speedway`s entire 2009 season, visit www.milwaukeemile.com. Copart, Inc. Marla J. Pugh, 707-639-5185 Communications Manager Marla.Pugh@Copart.com Copyright Business Wire 2009
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