Business Services Industry
Pickups Plus Inc. Signs Agreement with Ohio SAAB Dealerships
Business Wire, July 18, 2006
CINCINNATI -- Pickups Plus (OTCBB:PUPS) a retail company that specializes in restoring, personalizing and protecting new and used vehicles worldwide, today announced that its wholly owned subsidiary Auto Preservation, Inc. (AP) has reached agreements with 3 Ohio area SAAB dealerships
Under this agreement, Auto Preservation will process every vehicle that is sold in the "JUST SAAB" dealerships. The company will initially apply its OEM approved Paint Sealant to every automobile, maintain the automobile while in inventory, prepare the automobile for sale, and give the automobile its final detailing before delivery to the end client. This agreement covers both new and pre-owned SAAB's.
The dealerships located in both Cincinnati and Dayton follow our announcement on June 23, 2006 to focus on the lucrative Automotive Appearance Market. The Dayton location is the first outside of the Cincinnati area. This begins the company's five year plan to expand nationally, starting with the Mid-West.
The company estimates that the total value of the contract will increase the Auto Preservation business by 8% over last year. For competitive reasons, the company is unable to provide financial details of the contract.
Pickups Plus Chairman Merritt Jesson stated, "We are excited about this agreement with JUST SAAB. In addition to our other announcements, we are now further entrenching ourselves as a player in this space. We believe our turn-key program is one of the best options for dealerships and hope to announce further signings in the near future."
Investors can visit the Pickups Plus IR Hub at http://www.agoracom.com/IR/PickupsPlus where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to email all questions and correspondence to PUPS@agoracom.com where they can also request addition to the investor email list to receive all future press releases and updates in real time.
About Pickups Plus Inc.:
Pickups Plus, Inc. (OTCBB:PUPS)(www.pickupsplus.com) is a full service provider in the automotive appearance market, restoring, personalizing, and protecting new and used vehicles worldwide, with five franchised locations in the U.S. and two company owned-stores. It markets and distributes the ValuGard line of professional car care and environmental protection products through its Automotive Preservation, Inc., subsidiary to automotive dealerships for new vehicle preparation, as well to detailing shops and automotive specialty stores.
For More Information Please Visit (http://www.pickupsplus.com/)
Certain statements contained herein are ''forward-looking'' statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
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