Copart Expands in Oregon.

FAIRFIELD, Calif. -- Copart, Inc. (NASDAQ:CPRT), the largest provider of vehicle salvage disposition services in the United States, today announced the opening of its third salvage facility in the state of Oregon. Located in Woodburn, south of Portland, the new yard is a 29-acre greenfield facility that will help expand Copart's capacity in the Pacific Northwest.

"The Woodburn location was opened to give us more coverage in Northern Oregon and the southern part of the city of Portland," said Willis J. Johnson, Copart's Chief Executive Officer. Copart has existing facilities in Portland and Eugene.

Copart, founded in 1982, provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles, principally to licensed dismantlers, rebuilders and used vehicle dealers, through Internet sales utilizing its proprietary VB2 technology. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes or are recovered stolen vehicles for which an insurance settlement with the vehicle owner has already been made. The Company operates 124 facilities in the United States and Canada and is celebrating its 25th anniversary this year!

NOTE: This press release contains forward-looking statements within the meaning of federal securities laws. Our actual results could differ materially from those projected in these forward-looking statements as a result of a number of factors, many of which are outside our control. Our business has become increasingly reliant on proprietary and non-proprietary technologies, and it is difficult to forecast with accuracy what impact these changes in our business model will have. We depend on a limited number of major suppliers of salvage vehicles. If we are unable to maintain these supply relationships, our revenues and operating results could be adversely affected. In addition, our revenues, operating results, financial condition, and growth rates are subject to numerous other risks, including our ability to complete and integrate new acquisitions, environmental and regulatory risks, and the other factors described under the caption "Factors That May Effect Future Results" in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We encourage investors to review these disclosures carefully.