HOUSTON, Oct. 14 /PRNewswire-FirstCall/ -- The Mint Leasing, Inc. , a provider of innovative vehicle leasing solutions, today announced that it has entered into a dealer agreement with Sonic Automotive, Inc. ("Sonic") that will allow Sonic's customers to take advantage of The Mint Leasing's quality leasing options at Sonic dealerships nationwide. "We are very pleased to enter into this agreement with Sonic Automotive, a Fortune 300 company that is among the largest automotive retailers in the United States," stated Jerry Parish, Chief Executive Officer of The Mint Leasing, Inc. "This agreement expands our market penetration from six to seventeen states and represents an important step towards The Mint Leasing's goal of establishing a national market presence." Sonic Automotive, Inc., one of the largest automotive retailers in the U.S., operates 166 dealership franchises representing 33 different brands of cars and lights trucks at 144 locations, and 31 collision repair centers in 15 states. These dealerships provide comprehensive services, including sales of both new and pre-owned cars and light trucks, sales of replacement parts, performance of vehicle maintenance, warranty services, paint and collision repair services, and the arrangement of extended warranty contracts, financing and insurance for the company's customers. With the signing of its agreement with Sonic, The Mint Leasing will be able to provide its innovative leasing solutions through premier franchised automobile dealerships in the following 17 states: Alabama, Arkansas, California, Colorado, Florida, Georgia, Maryland, Michigan, Mississippi, Nevada, North Carolina, Ohio, Oklahoma, South Carolina,
Tennessee, Texas, Virginia
About The Mint Leasing, Inc. As a provider of innovative leasing solutions, The Mint Leasing, Inc., allows premier franchise automobile dealers to offer their customers attractive and flexible financing alternatives for the purchase of new or late-model cars and trucks. Most of the Company's customers are located in Texas and sixteen other states. The Mint Leasing's customers are primarily comprised of brand-name automobile dealers that seek to provide leasing options to their customers, many of whom would otherwise not have the opportunity to acquire a new or late-model-year vehicle. The Mint Leasing, Inc. is responsible for underwriting criteria and procedures, administration of the leases, and collection of payments from lessees. The Company is headquartered in Houston, Texas, and its common stock trades on the OTC Bulletin Board under the symbol "MLES". The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties, and other risks disclosed in the Company's periodic filings with the U.S. Securities and Exchange Commission.
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