O'Reilly Auto Parts to Leave the 'Alliance' and O'Reilly Announces New 'Parts City Auto Parts' Jobber Program
04 Junho 2007 - 12:00PM
Business Wire
O�Reilly Auto Parts (�O�Reilly�) (NASDAQ: ORLY) and the Aftermarket
Auto Parts Alliance (�Alliance�) announce with great regret that
after almost 30 years of affiliation O�Reilly will be terminating
its shareholder status effective 12/31/07. David O�Reilly, Chairman
of O�Reilly Auto Parts, and longtime board member of the Alliance,
stated: �This is a very tough decision for our company. We have
many great memories and relationships in the Alliance. We have
benefited in countless ways through our association with some of
the very best operators in the business. Our company has reached a
point where it has become very difficult for us to maintain product
line compliance which is the core driver of the association�s
effectiveness.� Dick Morgan, president of the Alliance, stated: �We
certainly hate to see the O�Reilly�s leave our association. They
have been a part of Auto Value, and then the Alliance, for almost
30 years. The separation is on a completely amiable and mutual
basis, and it simply represents their need to do what is in the
interest of their shareholders, and for the Alliance to continue
its strong commitment to our vendors with regard to product
conformity by our shareholders.� With regard to the independent
jobber marketing programs, which O�Reilly has over 200 locations
affiliated with, O�Reilly CEO Greg Henslee states: �We regret
having to move on from the Auto Value/Bumper to Bumper affiliation,
but are announcing at this time a new jobber marketing program for
all of our independent jobbers. It will be called 'Parts City Auto
Parts' and will have strong ties to the O�Reilly Auto Parts
programs, advertising and appearance. We are very excited to use
this change as an opportunity to strengthen our direct relationship
with our jobbers, and to offer them a closer tie to the O�Reilly
concept of selling auto parts.� COO of O�Reilly, Ted Wise, said
that the plans are to introduce the entire program to the jobbers
within the next two weeks and �we plan to have the entire system
converted by year end. This will include new signage, interior
d�cor package, installer programs, and the whole gamut. We believe
that once our jobber customers hear the full scope and strength of
the program that they will also be very excited about the future
potential of this new opportunity.� 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 1,687 stores in 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 March 31,
2007. 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,� �should,� �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, 2005, for more details.
O Reilly Automotive (NASDAQ:ORLY)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
O Reilly Automotive (NASDAQ:ORLY)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024