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Letter to the Editor

Copart Acquires Two Independent Sadisco Sites in Georgia

BENICIA, Calif. -- Copart, Inc. has announced that it has acquired the assets of two independent Sadisco locations in Savannah and Tifton, Georgia. The businesses were acquired for Copart stock.

The Savannah location is approximately 27 acres and is located in the southern portion of the community along Interstate 95. The Tifton location is approximately 23 acres and is about four hours south of Atlanta near Interstate 75. These facilities are Copart's 86th and 87th locations in the US. Copart now has three sites serving the state of Georgia.

"We are very pleased that the two Georgia sites are joining Copart," said Willis J. Johnson, Copart's Chief Executive Officer. "Prior to these acquisitions, it took us over 8 hours roundtrip from our Atlanta location to service these markets. With these new sites we will be able to offer our suppliers local towing and their cars will be processed more efficiently and will be on the Internet much sooner."

Since August 2000, Copart has added 11 locations including sites in Harrisburg, PA; Chatham, VA; Chicago Heights, IL; Shreveport, LA; Mt. Morris, PA; Martinez, CA; Lawrenceburg, KY; New Orleans, LA; New Castle, DE; and Savannah and Tifton, GA.

Founded in 1982, Copart provides vehicle suppliers -- primarily insurance companies -- with a full menu of services to process and sell salvage vehicles through auctions, principally to licensed dismantlers, rebuilders and used vehicle dealers. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes, or recovered stolen vehicles for which an insurance settlement with the vehicle's owner has been made. Operating 87 facilities in 38 states, Copart also provides services to other geographic areas through its national network of independent salvage vehicle suppliers.

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