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Franchise News Release: Bala Cynwd, PA - (Aug-20-1999) AAMCO Transmissions, Inc. Reports Record Results for Period Ending June 1999AAMCO Transmissions, Inc, the world's largest chain of transmission specialists, today reported record system-wide revenues for the six-month period ended June 30, 1999. System-wide revenues increased 8.2% t $227.2 million, compared with $209.9 million for the same period in 1998. During the past five years, system-wide revenues are up 48%. /font> "The company's record performance confirms AAMCO's leadership position in the industry and reflects our commitment to staying on the cutting edge of transmission repair technology and continued dedication to our customers and franchisees," said Keith A. Morgan, Chief Executive Officer of AAMCO Transmissions, Inc. Driving this year's performance are a number of initiatives headed up by Mark H. Wurth, who joined the company in February as President and Chief Operating Officer. Wurth was previously with AAMCO from 1977 to 1988 - first in sales management and culminating as Vice President of Operations. He was instrumental in recruiting much of AAMCO's top talent at that time, from customer service managers to corporate operations managers. Wurth subsequently held senior management positions with Nutri/System and Jenny Craig, and prior to returning to AAMCO was Chief Operating Officer of Thermolase Corporation. "I couldn't be more pleased that we were able to get Mark Wurth for this position," said Morgan. "He brings the perfect blend of talent and experience back to us: He has eleven prior years with AAMCO, during which he learned every aspect of our business and then another eleven with other well-known successful Franchise companies." CEO Morgan brought in Wurth to help drive AAMCO's focus on meeting the needs of its customers, employees and its franchisees. Together Morgan and Wurth launched the following programs designed to increase market share and add value to AAMCO customers.
AAMCO is the world's largest chain of transmission specialists, with more than 700 franchise locations in the United States and Canada. AAMCO centers have served more than 20 million customers since the company's founding in 1963. This web site and the information contained herein does not constitute the offer or sale of a franchise. There are certain states that require the registration of an FDD before the franchisor can advertise or offer the franchise in that state. This franchise may not be registered in all registration states and may not offer franchises to residents of those states or to persons wishing to locate a franchise in those states. The offer and sale of a franchise can only be made through the delivery and receipt of a Franchise Disclosure Document (FDD). |
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| AAMCO Transmissions, Inc. Reports Record Results for Period Ending June 1999 - Aug 20,1999 |
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