CarMax Partners With carOrder.com, Inc. to Offer Consumers a Wider Choice of Vehicles.Business Editors/Automotive Writers RICHMOND, Va.--(BUSINESS WIRE)--Jan. 10, 2000 Consumers Benefit From Partnership Between Auto Superstore su·per·store n. A very large retail store that stocks highly diversified merchandise, such as groceries, toys, and camera equipment, or a wide variety of mechandise in a specific product line, such as computers or sporting goods. Pioneer And World's First Automotive eDealer Circuit City Stores, Inc. (NYSE NYSE See: New York Stock Exchange : CC, KMX KMX Kyocera Mexico KMX Knowledge Management Experts ) announced today that its CarMax(R) subsidiary has entered into a partnership with leading automotive e-Dealer, carOrder.com(TM), giving new-car buyers greater access to a more diverse selection of vehicle makes, models and styles. This relationship is a strategic supplement to carOrder.com's eDealer business model. Consumers Benefit From CarMax/carOrder.com Partnership As an eDealer, carOrder.com simplifies the process of selling cars online by investing heavily in a national logistics and distribution network which combines the best of online and brick and mortar See bricks and mortar. sales. Consumers can enjoy the ease and savings of shopping online and the ability to test-drive a car at an eDealer location with all sales occurring online. "carOrder.com's partnership with CarMax enables consumers to get the vehicle they want, with the options they want at the price they want," explains Brian Stafford Brian Stafford is a retired inter-county Irish Gaelic footballer for County Meath in Ireland. He enjoyed much success play inter-county football in the eighty's & early ninety's on the Meath team's managed by Sean Boylan. For Meath he usually played at Full Forward. , president and co-founder, carOrder.com. "This is a joint effort to satisfy the customer's needs, ensure they get exceptional service and receive the vehicle for the lowest possible price." "CarMax's partnership with carOrder.com is a winning combination for consumers across the country," said Austin Ligon, president of CarMax. "In addition to CarMax.com(SM), Web shoppers now have access to our great new cars through another highly credible online buying source carOrder.com." CarMax New Cars Also Available Through CarMax.com CarMax offers consumers a wide-ranging assortment of new domestic and import vehicles online at www.carmax.com. Shoppers can browse CarMax's entire 10,000-car, new-and used-car inventory. The online inventory includes a description of each car, the actual price and vehicle location. CarMax new-car franchise markets and brands include: Atlanta Chrysler, Jeep, Mitsubishi and Plymouth Chicago/Milwaukee BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , Chevrolet, Ford, Jeep, Mitsubishi, Nissan and Toyota Dallas/Ft. Worth Chrysler, Jeep and Plymouth Greenville, S.C. Nissan Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Chrysler, Dodge, Jeep, Mitsubishi and Plymouth Orlando Chrysler, Jeep and Plymouth Washington, D.C./Baltimore Mitsubishi, Nissan and Toyota CarMax Offers Consumers A Unique Car-Buying Experience CarMax, a subsidiary of Circuit City Stores, Inc., pioneered the auto superstore concept in 1993 and has a consumer offer that is everything the traditional car-buying experience is not. The company offers low, no-haggle prices; a broad selection of new and used vehicles; quality guarantees; and customer-friendly service throughout the buying experience. CarMax operates 38 locations, including 20 new-car franchises and 32 used-car superstores. For more information, access the CarMax web site at www.carmax.com(SM). About carOrder.com, Inc. carOrder.com, Inc., the Internet's first and largest automotive eDealer, offers consumers the ability to research, build, price, finance and order new cars via its Web site with delivery direct to customers' homes or offices. As an eDealer, carOrder.com is taking the online automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. one step further by allowing customers to buy a car online without ever setting foot in a dealership. carOrder.com is in the process of buying 100 franchises and transforming them into eDealers, distribution and logistics hubs for Internet car sales. carOrder.com offers vehicles at the lowest price possible, guaranteeing the ultimate in convenience, savings and customer care. Based in Austin, Texas, the company is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Trilogy A company founded in 1979 by Gene Amdahl to commercialize wafer scale integration and build supercomputers. It raised a quarter of a billion dollars, the largest startup funding in history, but could not create its 2.5" superchip. Software, Inc. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which are subject to risks and uncertainties, including but not limited to, risks associated with the development of new business concepts and risks associated with year 2000 issues. Additional discussion of factors that would cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the SEC filings for Circuit City Stores, Inc. |
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