CARSON, Calif., Oct. 4, 2019 /PRNewswire/ -- U.S.
Auto Parts Network, Inc. (NASDAQ: PRTS), one of the largest online
providers of aftermarket automotive parts and accessories, today
announced the appointment of Jim
Barnes to its Board of Directors.
Mr. Barnes currently serves as the CEO of enVista, LLC, a supply
chain and unified commerce consulting firm, where he has served
since he co-founded enVista in 2002. Prior to founding enVista, he
was the Executive Vice President and co-founder of Q4 Logistics. He
has spent the last 25 years deploying supply chain and enterprise
solutions and synchronizing material and information flow for
Fortune 500 brands and retail companies.
Mr. Barnes holds a B.S. degree in Mechanical Engineering
Technology from Purdue University. "We
are extremely pleased to have Jim join us," said Lev
Peker, the Company's CEO. "Jim's extensive logistics and
operational expertise positions him well to make valuable
contributions to U.S. Auto Parts and our Board of
Directors."
Mr. Barnes commented: "U.S. Auto Parts is well positioned to
grow its business providing affordable aftermarket auto parts to
consumers all over the U.S. I look forward to helping fuel that
growth and collaborating with the rest of the board and management
team."
About U.S. Auto Parts
Established in 1995, U.S. Auto Parts is a leading online provider of automotive aftermarket
parts, including collision, engine, and performance parts and accessories. Through the
Company's network of websites, U.S. Auto Parts provides consumers with a broad
selection of competitively priced products, all mapped by a proprietary database with
applications based on vehicle makes, models and years. U.S. Auto Parts' flagship
websites include www.autopartswarehouse.com, www.carparts.com, and
www.jcwhitney.com, as well as the Company's corporate website at
www.usautoparts.net.
U.S. Auto Parts is headquartered in Carson, California.
Safe Harbor Statement
This press release contains statements which are based on
management's current expectations, estimates and projections about
the Company's business and its industry, as well as certain
assumptions made by the Company. These statements are forward
looking statements for the purposes of the safe harbor provided by
Section 21E of the Securities Exchange Act of 1934, as amended
and Section 27A of the Securities Act of 1933, as amended.
Words such as "anticipates," "could," "expects," "intends,"
"plans," "potential," "believes," "predicts," "projects," "seeks,"
"estimates," "may," "will," "would," "will likely continue" and
variations of these words or similar expressions are intended to
identify forward-looking statements. These statements include,
but are not limited to, the Company's expectations regarding its
future operating results and financial condition, impact of
changes in our key operating metrics, our potential growth and our
liquidity requirements. We undertake no obligation to revise
or update publicly any forward-looking statements for any reason.
These statements are not guarantees of future performance and are
subject to certain risks, uncertainties and assumptions that are
difficult to predict. Therefore, our actual results could
differ materially and adversely from those expressed in any
forward-looking statements as a result of various factors.
Important factors that may cause such a difference include,
but are not limited to, competitive pressures, our dependence on
search engines to attract customers, demand for the Company's
products, the online market and channel mix for aftermarket auto
parts, the economy in general, increases in commodity and component
pricing that would increase the Company's product costs, the
operating restrictions in our credit agreement, the weather, and
any other factors discussed in the Company's filings with the
Securities and Exchange Commission (the "SEC"), including the Risk
Factors contained in the Company's Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q, which are available
at www.usautoparts.net and the SEC's website
at www.sec.gov. You are urged to consider these factors
carefully in evaluating the forward-looking statements in this
release and are cautioned not to place undue reliance on such
forward-looking statements, which are qualified in their entirety
by this cautionary statement. Unless otherwise required by
law, the Company expressly disclaims any obligation to update
publicly any forward-looking statements, whether as result of new
information, future events or otherwise.
Investor Relations:
Sean
Mansouri, CFA or Cody
Slach
Gateway Investor Relations
949‑574‑3860
PRTS@gatewayir.com
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SOURCE U.S. Auto Parts Network, Inc.