Copart Opens Fifth Location in Southern California.Business Editors FAIRFIELD, Calif.--(BUSINESS WIRE)--Jan. 29, 2003 Copart, Inc. (Nasdaq:CPRT CPRT Copart Inc. (stock symbol) CPRT Citizens for Personal Rapid Transit CPRT Client Perceived Response Time CPRT Coprocessor Register Transfer CPRT Cancer Prevention Research Trust CPRT Classic Professional Racquetball Tour ) today announced that it has opened its fifth facility in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, in the community of Rancho Cucamonga Rancho Cucamonga (răn`chō k  'kəmäng`gə), city (1990 pop. 101,409), San Bernardino co., S Calif. . With the addition of this 39-acre greenfield location Copart now has 101 locations in 40 states. "The new Rancho Cucamonga location is in the southeastern section of the city, just east of Interstate 15," said Willis J. Johnson, Copart's Chief Executive Officer. "Nearly two years ago we began searching for an additional location in the 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. area to handle our growth in the region. This new site gives us significant additional capacity and will allow us to better serve our suppliers in the Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. . We now have five sites in Southern California including Los Angeles, Van Nuys, San Bernardino San Bernardino, city, United States San Bernardino (săn bûr'nədē`nō), city (1990 pop. 164,164), seat of San Bernardino co., S Calif., at the foot of the San Bernardino Mts.; inc. 1854. , San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. and Rancho Cucamonga." Since August 2002, Copart has added seven locations including two MAG sites in West Mifflin, PA and Richmond, VA and five Copart salvage sites in Reno, NV; Springfield, MO; Corpus Christi, TX; Ft. Pierce, FL and Rancho Cucamonga, CA. The Company also announced that it recently relocated its corporate headquarters to Fairfield, California. The new address is 4665 Business Center Drive, Fairfield, CA 94534. The new main telephone number is (707) 639-5000. Copart, founded in 1982, provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles through auctions, principally to licensed vehicle dismantlers, rebuilders, repair licensees and used vehicle dealers. 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 101 facilities in 40 states. It also provides services in other locations through its national network of independent salvage vehicle processors. |
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