Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Clarification Regarding Release Issued by Crown Group, Inc. February 9th.


Business Editors

DALLAS--(BUSINESS WIRE)--Feb. 10, 2000

As previously reported in an earlier press release on Wednesday, February 9, 2000 by the Crown Group, Inc., (Nasdaq:CNGR CNGR Commission on the National Guard and Reserves ), Crown has entered into a Letter of Intent to acquire 80% of the outstanding stock in West One Automotive Group, Inc.

West One, of which Ted Anderson is Chief Executive Officer, is not affiliated with The Hertz Corporation (NYSE NYSE

See: New York Stock Exchange
:HRZ HRZ Hrvatsko Ratno Zrakoplovstvo (Croatian Air Force)
HRZ Herd Reduction Zone (deer hunting)
HRZ Huriez Syndrome
), however, Ted Anderson separately and independently owns and operates 11 Hertz Rent-A-Car franchises and 3 Hertz used car sales locations under a Hertz franchise in Washington and Oregon.

Crown Group, Inc. sells and finances used automobiles through its 99% ownership of America's Car-Mart, Inc. and its 70% ownership of Smart Choice Automotive Group, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:SMCH SMCH Standard Mixed Cargo Harness ). The Company also seeks to enhance shareholder value through the acquisition, development and operation of small-cap companies with significant growth potential. In addition to its used car sales and finance operations, Crown Group currently owns (i) 100% of Precision IBC IBC International Building Code
IBC Iraq Body Count
IBC Institutional Biosafety Committee
IBC Inflammatory Breast Cancer
IBC International Business Company
IBC Independence Blue Cross
IBC Insurance Bureau of Canada
IBC International Broadcasting Convention
, Inc., a firm specializing in the sale and rental of intermediate bulk containers; (ii) 80% of Concorde Acceptance Corporation, a sub-prime mortgage lender; (iii) 50.1% of CG Incorporated S.A. de C.V., which operates two casinos in El Salvador; and (iv) 45% of Atlantic Castings, Inc., an investment castings manufacturer of turbine engine components. Crown Group is headquartered in Dallas and its common stock is traded on the Nasdaq National Market under the symbol &uot;CNGR.&uot;

Please visit our Web site at www.thecrowngroup.com
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Feb 10, 2000
Words:252
Previous Article:Wine.com Launches Wine Industry Advisory Board; Zelma Long Appointed Director.
Next Article:Milberg Weiss Announces That Indus International, Inc. Shareholders Can Join Class Action Online.
Topics:



Related Articles
Recommendations concerning electronic funds transfer procedures.
Crown Group Sells 45% of Its Inktomi Investment for $11 Million Profit.
Crown Group, Inc. Increases Ownership in Paaco Automotive Group to 80%; Paaco Opens First Dealership in Houston Market.
Crown Group, Inc. Expects FY1999 Earnings to Fall Short of Analysts' Expectations.
Crown Group Sells Home Stay Lodge I, Ltd. to Efficiency Lodge, Inc.
Crown Group, Inc. and West One Automotive Terminate Letter of Intent.
PENDING CASES INVOLVING THE BOARD OF GOVERNORS.
PENDING CASES INVOLVING THE BOARD OF GOVERNORS.
PENDING CASES INVOLVING THE BOARD OF GOVERNORS.
FASB defers implementation of Interpretation no. 46.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles