TORRANCE, Calif.–(Company WIRE)–Jul 27, 2020–

U.S. Auto Pieces Network, Inc. (NASDAQ: PRTS) today declared it has formally improved its name to CarParts.com, Inc. Subsequent its gross sales advancement and its inclusion in the Russell 2000® Index, the enterprise decided it needed a identify that reflected the tech-forward enterprise it has turn into. The company, which has been a chief in on the net aftermarket vehicle sections for more than 20 a long time, has crafted a solid brand identity and loyal, engaged buyer base below its flagship brand name – CarParts.com – and determined its official company name really should replicate this development.

“CarParts.com is a tech firm,” reported Lev Peker, CEO of CarParts.com. “Like the greatest tech corporations, CarParts.com’s worth is in its men and women, abilities, source chain, proprietary computer software, elements catalogue, and consumer model. The new identify speaks to the way we have made use of technological innovation and e-commerce know-how to maximize sales and profitability.”

As an e-commerce vehicle elements corporation, CarParts.com has carved a area of interest in the tech sector. CarParts.com is transforming the way drivers shop for vehicle elements in purchase to reward today’s electronic purchaser. Via its very simple and handy internet site, CarParts.com enables shoppers to connect with the pieces that they have to have to get their car or truck on the highway.

The U.S. Car Pieces NASDAQ ticker (PRTS) will be retained. CarParts.com, Inc. prevalent stock has been assigned the CUSIP amount 14427M107. Buying and selling below the new title will get started at market opening on Tuesday, July 28, 2020. Holders of typical stock are not expected to exchange currently outstanding stock certificates for new inventory certificates.

CarParts.com stays committed to maintaining the client-centric tactic that has drawn customer trust and regard for over two many years. The up-to-date corporate identification demonstrates the company’s consumer-initially mentality in making the method of getting car pieces online responsible, rapid, cost-powerful, and quick. By means of continued innovation and development, CarParts.com is focused to strengthening the e-commerce purchaser experience for drivers.

About CarParts.com, Inc.

For over 20 decades, CarParts.com has been a chief in the e-commerce automotive aftermarket, providing collision, motor, and performance elements and accessories. With about 50 million sections delivered, we have assisted day to day drivers across the continental United States come across the correct pieces to preserve their cars on the road.

With a concentrate on the conclusion-to-finish shopper expertise, we’ve made our web-site and sourcing community to simplify the way motorists get the elements they have to have. Our vehicle selector and effortless-to-navigate, mobile-friendly web-site supply clients confirmed fitment and a easy on-line searching encounter. And with our very own extensive distribution community, we convey the extremely greatest makes and producers immediately to consumer fingers, cutting out all the brick-and-mortar provide chain prices to give excellent parts at a price cut for our loyal buyers. Combined with our 90-working day return policy and satisfaction guarantee, CarParts.com helps make it basic for consumers to get elements shipped straight to their door.

CarParts.com is headquartered in Torrance, California.

Protected Harbor Statement

This push release has statements which are based mostly on management’s present expectations, estimates and projections about the Firm’s business enterprise and its market, as well as specified assumptions designed by the Business. These statements are ahead looking statements for the purposes of the safe and sound harbor provided by Area 21E of the Securities Exchange Act of 1934, as amended and Section 27A of the Securities Act of 1933, as amended. Text this kind of as “anticipates,” “could,” “expects,” “intends,” “strategies,” “prospective,” “believes,” “predicts,” “assignments,” “seeks,” “estimates,” “may possibly,” “will,” “would,” “will very likely keep on” and variations of these phrases or equivalent expressions are supposed to discover forward-on the lookout statements. These statements consist of, but are not constrained to, its potential working effects and money ailment and our probable advancement. We undertake no obligation to revise or update publicly any ahead-searching statements for any rationale. These statements are not ensures of upcoming functionality and are subject to sure hazards, uncertainties and assumptions that are tough to forecast. Hence, our genuine outcomes could vary materially and adversely from those expressed in any forward-wanting statements as a result of different things.

Significant aspects that may bring about these a distinction involve, but are not limited to, competitive pressures, our dependence on search engines to bring in buyers, desire for the Firm’s goods, the online market place and channel combine for aftermarket car elements, the economy in normal, improves in commodity and part pricing that would boost the Firm’s merchandise expenses, the working restrictions in its credit agreement, the climate, the influence of the customs issues and any other factors mentioned in the Firm’s filings with the Securities and Exchange Fee (the “SEC”), which includes the Threat Aspects contained in the Firm’s Yearly Report on Sort 10K and Quarterly Reviews on Sort 10Q, which are offered at www.carparts.com and the SEC’s website at www.sec.gov. You are urged to consider these aspects meticulously in evaluating the forward-seeking statements in this launch and are cautioned not to put undue reliance on this kind of ahead-on the lookout statements, which are qualified in their entirety by this cautionary assertion. Except or else required by legislation, the Enterprise expressly disclaims any obligation to update publicly any ahead-on the lookout statements, whether as consequence of new details, long term functions or normally.

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Keyword: CALIFORNIA UNITED STATES NORTH The united states

Market Search phrase: TIRES & RUBBER AFTERMARKET AUTOMOTIVE

Resource: CarParts.com, Inc.

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PUB: 07/27/2020 08:15 AM/DISC: 07/27/2020 08:15 AM

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