UGLY (Ugly Duckling Corp) used cars Message Board

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Non-Tech : UGLY (Ugly Duckling Corp) used cars

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To: Paul Lee who wrote (146)	2/21/2001 6:57:33 AM
From: Paul Lee	of 155

Ugly Duckling Reports Financial Results for 2000 Fourth Quarter Highlights: PHOENIX--(BUSINESS WIRE)--Feb. 21, 2001-- -- Total revenues from continuing operations increased 28% to $135.4 million from $105.4 million in the year-ago quarter E-Commerce generated $13.7 million in revenues and 1,553 cars sold during the fourth quarter of 2000 as compared to $12.0 million in revenues and 1,417 cars sold during the third quarter of 2000 On-balance sheet loan portfolio principal balance reached $514.9 million, representing a 44% increase over the year-ago quarter New loan originations reached $100.8 million, a 25% increase over the year-ago quarter Closed 18th Securitization with loan principal balances of approximately $145 million and Class A bonds issued of $102.6 million Entered into a $35 million Senior Secured Loan Facility with an investor group and a $7 million Subordinated Loan from the Company's Chairman, replacing the previous $38 million senior loan facility (announced January 11, 2001) Incurred $5.9 million after tax charge to earnings to increase Allowance for Credit Losses biz.yahoo.com

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