Attention Business/Financial Editors:
AADCO ANNOUNCES RECORD REVENUES FOR AUGUST 2005
AADCO Automotive Inc. (AA: TSX - Venture Exchange)
Charles Hodgkinson, President and Chief Executive Officer is pleased to announce that revenues for August 2005 were $717,740 (unaudited) - the best August on record representing a 25% increase over the previous August sales. Contributions from both the LKQ (Like, Kind and Quality parts) and Coreline divisions exceeded expectations.
"This is the third consecutive month of year over year monthly revenue growth resulting from capital injections by Quorum Managed Funds and Hodgkinson Equities Corp, allowing AADCO to successfully execute its current business strategy." AADCO has increased its sale-ready inventory, which has received immediate market response. Plans for continued inventory growth will allow the company to meet recognized cyclical increases in customer demand during the fall and winter seasons.
About AADCO
AADCO Automotive Inc. is a growing, Canadian public company with a unique business model committed to complete vehicle dismantling to provide quality used OEM parts, recyclable core from insurance salvage and aftermarket parts to meet the needs of the collision/ mechanical repair industry, as well as the remanufacturing industry through it's Coreline division. AADCO serves over 3,000 mechanical and collision repair clients across Ontario through its LKQ parts division. AADCO maintains one of the largest unbolted inventory of quality used OEM parts in Canada at its 87,000 sq. ft. facility in Brampton, Ontario. AADCO is the only auto recycler to have been awarded the Ecologo for environmental stewardship.
The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information: Please contact: AADCO Automotive Inc. - (905) 789-9313, Charles Hodgkinson, CEO, chodgkinson@aadco.ca
