AmeriCredit Executive Chairman Purchases 500,000 Shares.Business Editors FORT WORTH, Texas--(BUSINESS WIRE)--Oct. 28, 2002 AmeriCredit Corp. (NYSE NYSE See: New York Stock Exchange :ACF (Advanced Communications Function) An earlier official product line name for IBM SNA programs, such as VTAM (ACF/VTAM) and NCP (ACF/NCP). ACF - Advanced Communications Function ) announced today that Executive Chairman Clifton H. Morris Jr. purchased 500,000 shares of the company's common stock on the open market Friday, Oct. 25, 2002. Mr. Morris now has beneficial ownership of 1,203,135 shares. AmeriCredit Corp. (NYSE:ACF) is the largest independent middle-market auto finance company in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Using its branch network and strategic alliances with auto groups and banks, the company purchases retail installment contracts made by auto dealers to consumers who are typically unable to obtain financing from traditional sources. AmeriCredit has more than one million customers throughout the United States and Canada and more than $15 billion in managed auto receivables. The company was founded in 1992 and is headquartered in Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. . For more information, visit www.americredit.com. |
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