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AutoNation Public Statement Regarding Pegasus Capital Group, Inc. Press Release

Jul. 19, 2000

FORT LAUDERDALE, Fla., July 19 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN) issued the following statement in response to a press release issued by an entity in Springfield, Penn., representing itself as "Pegasus Capital Group, Inc.":

"We do not believe this is a credible offer. Neither do we have any information to suggest Pegasus Capital has the means to effect its offer," said AutoNation spokesman Jim Donahue. SOURCE AutoNation, Inc.

CONTACT: Jim Donahue, AutoNation, Inc., 954-769-7208/

Categories: Press Releases
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