O'Reilly Automotive, Inc. Updates Status of Stores Affected By Katrina
01 Setembro 2005 - 6:31PM
Business Wire
O'Reilly Automotive, Inc. ("O'Reilly" or "the Company")
(Nasdaq:ORLY) today announced that the majority of stores in the
areas affected by Hurricane Katrina have reopened. As of 1:00 p.m.
CST today, only 19 stores remain closed, 10 of which are ready to
reopen once clearance has been given by the authorities. One store
has sustained serious damage, and the status of the remaining eight
stores is uncertain at this time due to very limited access to some
of the affected areas. "Considering the extent of the overall
damage sustained in Louisiana, Mississippi, and Alabama, we feel
very fortunate. We have initiated shipments of relief supplies and
monetary assistance to our affected team members through our Team
Member Emergency fund," stated Greg Henslee, CEO and Co-President.
"Our team members have pulled together to quickly reopen our
Distribution Center in Mobile, Alabama and surrounding stores to
provide much needed supplies to the customers in these areas," said
Ted Wise, COO and Co-President. O'Reilly Automotive, Inc. is one of
the largest specialty retailers of automotive aftermarket parts,
tools, supplies, equipment and accessories in the United States,
serving both the do-it-yourself and professional installer markets.
Founded in 1957 by the O'Reilly family, the Company operated 1,399
stores within the states of Alabama, Arkansas, Florida, Georgia,
Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Minnesota,
Mississippi, Missouri, Montana, Nebraska, North Carolina, North
Dakota, Oklahoma, South Carolina, South Dakota, Tennessee, Texas,
Virginia, Wisconsin and Wyoming as of June 30, 2005. The Company
claims the protection of the safe-harbor for forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements can be identified by
forward-looking words such as "expect," "believe," "anticipate,"
"good," "plan," "intend," "estimate," "project," "will" or similar
words. In addition, statements contained within this press release
that are not historical facts are forward-looking statements, such
as statements discussing among other things, expected growth, store
development and expansion strategy, business strategies, future
revenues and future performance. These forward-looking statements
are based on estimates, projections, beliefs and assumptions and
are not guarantees of future events and results. Such statements
are subject to risks, uncertainties and assumptions, including, but
not limited to, competition, product demand, the market for auto
parts, the economy in general, inflation, consumer debt levels,
governmental approvals, our ability to hire and retain qualified
employees, risks associated with the integration of acquired
businesses, weather, terrorist activities, war and the threat of
war. Actual results may materially differ from anticipated results
described or implied in these forward-looking statements. Please
refer to the Risk Factors sections of the Company's Form 10-K for
the year ended December 31, 2004, for more details.
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