June 2005

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GazetteXtra LKQ Star Auto Parts has purchased the former Rollette Oil property in Janesville, southern Wisconsin, and will build a 40,000-square-foot addition to its main warehouse at 2101 Beloit Ave. The new building will allow the company to store parts inside and also improve product flow. The company’s sales have more than doubled in the past five years, and employment has grown from 34 to 67 full-time employees. Janesville city council has reached a tax incremental financing (TIF) agreement with the company to aid its expansion, which is valued at $1.2 million. Under the agreement, the parent company, LKQ Corp., guarantees to pay the city a yearly increase in property taxes of $17,300, helping the city recover its costs within 10 years.

United Recyclers Group, LLC Announced Today its Designation as 'Founding Member' of EverDrive Vendor Network April 28,PRNewswire

AURORA, Colo. -- United Recyclers Group, LLC ("URG") announced today that it has signed an agreement with EverDrive, LLC naming URG as a Founding Member of its Vendor Network. The agreement assures that URG's 300 auto-recycler members can become Preferred Vendors in EverDrive's network of recyclers who supply the used parts sold through EverDrive's retail partners. Under the agreement, URG will also provide inventory data to EverDrive to facilitate EverDrive's efforts to find quality parts to supply its end customers. EverDrive, LLC has developed the EverDrive Guaranteed Used Parts Sourcing Program to provide a catalog of nearly 1 million different used parts in 70 categories, including engines, transmissions, door mirrors, bumpers, doors, glass and many others. The catalog is currently available at more than 3,400 AutoZone retail locations and is expected to be available in other large aftermarket retail chains in the near future.

Advance Auto Parts Reports Record EPS of $0.94 for First Quarter 2005, Wednesday May 18, PRNewswire-FirstCall

ROANOKE, Va. -- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket retailer of parts, accessories, batteries and maintenance items, today announced record revenue and earnings for its first quarter ended April 23, 2005. Net sales increased 12.1% in the quarter to $1.26 billion compared to $1.12 billion in the first quarter last year. “We remain committed to our goal of increasing our annual earnings per share 20% or more over the next several years," said President and Chief Executive Officer Michael Coppola. With headquarters in Roanoke, Va., Advance Auto Parts is the second-largest automotive aftermarket retailer of parts, accessories, batteries and maintenance items in the U.S., based on sales and store count. The Company serves both the do-it-yourself and professional installer markets.

At least 200 old cars went up in smoke after a fire broke out just after 2 p.m. yesterday in the Bucks Auto Parts scrap yard at 1550 Springfield Rd. Rural fire crews were called to a blaze in the yard when an employee and a customer at the parts dealership noticed smoke billowing from a stack of used cars. The fire quickly spread to other stacks, where cars were piled at least six vehicles high. "The fire was extending rapidly from one stack of vehicles to another," said Office of the Fire Commissioner spokesman Rick Vandekerkhove.

LKQ’s stock continues to break records, rising past $20 per share in the last 60 days, now above $25 per share.

Ron’s new book, Green Weenies and Due Diligence, a compilation of insider business jargon, raw -- serious and sometimes funny -- will be available in the summer of 2005. The book includes over 1,200 terms, and 70 illustrations by world-famous Gahan Wilson. Mr. Wilson has been drawing cartoons for Playboy and The New Yorker for decades, and is well known for his macabre style. Visit www.greenweenies.com for more information, or to register for a free weekly e-mail, with the latest “Green Weenie” term and illustration by Gahan Wilson. You won’t know how to herd cats or have a bake off, and you won’t know what chips and salsa or a swag is unless you get your copy! Register now to get your free entertaining and educational e-mail weekly! One of the illustrations is shown at the end of this month’s e-newsletter, enjoy! At the end of this newsletter, see the “Green Weenie” for this week! (But don’t forget to register to get one each week, as the e-newsletter for recyclers is only published monthly.)

Autosalvageconsultant.com was started by Ron Sturgeon in 2001 to help recyclers improve their businesses. Mike Gibson and Tammy Sturgeon joined Ron in 2003, bringing a wealth of experience and resources to the team, as there have been more requests for Ron’s help than he could meet. With over 50 years of experience among 3 staff members, the group is THE definitive source for recyclers’ management and training needs. Ron Sturgeon is past owner of AAA Small Car World, which had six locations in Texas and 140 employees. Ron later sold AAA to Greenleaf, which he joined in June 2003. In 2001, he founded North Texas Insurance Auction and sold it to Copart in 2002. Ron published “Salvaging Millions,” a book to help small auto salvage business owners achieve significant success. The book was recently reprinted and published in Chinese. Aside from being senior vice president at Greenleaf, Ron finds time to manage his real estate holdings and investments. You can learn more about how to help your auto salvage business at www.autosalvageconsultant.com. For more information, contact Mike Gibson at email Mike Gibson; call 817-925-8430; or write us at 1409 Carson, Haltom City, TX 76117.

HERE IS THE GREEN WEEKLY THAT HAS BEEN BEING DISTRIBUTED WEEKLY. I HAVE ATTACHED IT AS PART OF THE NEWSLETTER. THIS IS FROM MY NEW BOOK, WHICH WILL BE OUT IN ABOUT 8 WEEKS. IF YOU WANT THE WEEKLY GREEN WEENIE TERM WITH ILLUSTRATION, PLEASE CLICK BELOW TO REGISTER AT THE SITE. IF YOU DON’T PREFER TO GET IT WEEKLY, I WILL INCLUDE ONE EACH MONTH WITH THE ENEWSLETTER.

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Here is this weeks GW term and cartoon by Gahan Wilson. We hope you have been enjoying these terms from Ron Sturgeon's new book Green Weenies and Due Diligence. If you would like to see more of these, click here to see more Green Weenies.

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Watching the sausage being made

Another description of an unpleasant task. This is a metaphor for anything you don’t want to be present for, or witness. You want others to do this. I don’t know anything about making sausage, but I have images of what goes in, all the leftovers, etc, and everyone always told me that if I could see what was involved, I would never eat sausage again.

Use: Ted told his team he did not want to participate in the early negotiations, it was too much like watching the sausage being made, and he would wait for the second round of negotiations when he could add value.

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