EDMONTON, Jan. 18 /CNW/ - AutoCanada Inc. ("AutoCanada") (TSX:ACQ)
announced today that it has granted to Mr. Pat Priestner, CEO of
AutoCanada Inc., consent to his purchase of a Toyota dealership. "We of
course remain disappointed that AutoCanada is not presently an approved
franchisee of Toyota," stated Mr. Gordon Barefoot, Chairman of
AutoCanada. "In such circumstances, and upon review of the matter by
the independent directors of AutoCanada and their advisors, consent to
the purchase was approved."
AutoCanada Inc. is one of Canada's largest multi-location automobile
dealership groups, currently operating 23 franchised dealerships in
British Columbia, Alberta, Manitoba, Ontario, New Brunswick and Nova
Scotia. In 2009, the franchised automotive dealerships sold
approximately 23,000 vehicles and processed approximately 300,000
service and collision repair orders in our 331 service bays.
Additional information about AutoCanada Inc. is available at the
Company's website at www.autocan.ca and www.sedar.com.
SOURCE AutoCanada Inc.
For further information:
Jeff Christie, CA
Phone: (780) 732-7164