Acacia Automotive Board Announces Appointment of New Director
29 Mai 2007 - 3:00PM
PR Newswire (US)
NASHVILLE, Tenn. and OCALA, Fla., May 29 /PRNewswire-FirstCall/ --
Acacia Automotive, Inc. (OTC:ACCA) today announced that it has
recently appointed Mr. David Bynum to its Board of Directors. Bynum
has enjoyed a successful and illustrious career in the automotive
and auction business. He spent the past six years with ADESA
Corporation, first as General Manager of Southern States Vehicle
Auction in Atlanta, then as Regional Vice President for the
Southeastern USA, and finally as their National Director of Heavy
Trucks and Equipment. Prior to that, he served 11 years as General
Manager of Southern States Vehicle Auction under the banner of
Anglo-American Auto Auctions/ADT Automotive. Mr. Bynum also owned
and operated a Chevrolet dealership from 1979 to 1989 before
entering the auction business. "This is a landmark day for Acacia
Automotive and the auto auction industry as a whole," said Steve
"Junior" Sample, the Company's CEO. "David is a great manager, a
great leader, and a great person. I am so thankful to have had the
opportunity to serve under both David Bynum and our Company's
President, Tony Moorby over the years. I could not have been
blessed more than by having these two mentors and leaders in my
life, and would certainly not be here today without their superb
guidance and fantastic leadership." Bynum commented: "I'm very
pleased to have this opportunity to serve Acacia and their
investors and to once again be a part of the auction industry. I
watched Tony Moorby direct the growth of ADT Automotive during my
years with that company and I am pleased to be reunited with him in
this exciting venture. I also look ahead to the valuable business
skills and sales expertise that Junior will share as Acacia begins
to grow." Tony Moorby, Acacia's President and COO, was President
and CEO of ADT Automotive during Bynum's 11-year term as the GM at
their Atlanta auction. He continued: "Apart from an innate
understanding of the auction business on a local and national
level, David has a very intuitive way with people. I look forward
to enjoying and sharing David's input to the general direction of
the Company and involvement in specific auction operations too.
Having David so close to Augusta is a huge advantage for us.
Assuming our recent LOI with Augusta Auto Auction goes to fruition
in June, David will be less than two hours away from our new
auction. It is our hope to grow the Company and bring David back
into an operating management position of importance." Bynum lives
with his family in the Atlanta area. About Acacia Automotive, Inc.
Acacia Automotive (http://www.acacia.bz/) is the newest member of
the auto auction industry, but comes with seasoned veterans in
management. Acacia's management believes there were once three
companies in balance that provided the industry's clients with a
solid stance and fair choice. That balance was destroyed when one
leg was eliminated with the sale and subsequent absorption of ADT
Automotive in 2000. Acacia intends to bring back that balance and
return a much-needed stabilization to the industry because it
believes "competition is a good thing". The Company intends to
incorporate innovation, diversification, technology, and above all
- the highest level of service and integrity in the industry today
to propel it toward its goals by offering a variety of options such
as: Full-service automobile, truck, equipment, boat, motor home and
RV auctions; vehicle inspection and marshaling; transportation;
wholesale dealer floorplanning; vehicle reconditioning services;
online auctions, and more. Moving its headquarters to Nashville,
Tennessee, in mid-2007, Acacia Automotive will be more centrally
located to better accommodate commerce throughout the United
States. This release includes forward-looking statements within the
meaning of the Private Litigation Reform Act of 1995. Such
statements, including information and statements regarding
anticipated financial results, potential success of anticipated
acquisitions, business operations, product marketing and potential
market opportunities are subject to certain risks, trends and
uncertainties that could cause actual results to differ materially
from those projected, expressed, or implied by such forward-looking
statements. The forward-looking statements in this document are
made as of the date of publication hereof and the Company does not
undertake to update its forward-looking statements. Acacia
Automotive, Inc. 3512 East Silver Springs Boulevard #243 Ocala, FL
34470 For information please contact Investor Relations at Com:
(352) 427-6848 Fax: (352) 502-4873 Email: Internet:
http://www.acacia.bz/ DATASOURCE: Acacia Automotive, Inc. CONTACT:
Investor Relations of Acacia Automotive, Inc., +1-352-427-6848,
fax: +1-352-502-4873, Web site: WWW.ACACIA.BZ
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