пятница, 24 февраля 2012 г.

U.S. Auto Parts Appoints Michael McClane as Chief Financial Officer; McClane to Bring New Insight and Vision to Further Enhance Company's Success.

CARSON, Calif. -- U.S. Auto Parts, one of the nation's leading e-commerce distributors of automotive aftermarket parts and accessories, announced today Michael J. McClane will serve as the company's new Vice President, Treasurer and Chief Financial Officer. McClane will provide leadership to the company's strategic planning process while implementing a financial and operational infrastructure necessary for the next stages in the company's development.

"This is an exciting time to join the U.S. Auto Parts team as the company is well positioned to capitalize on several growth opportunities," stated McClane. "We are evaluating strategic opportunities, diversifying our product offerings, and solidifying our position as the leader in the automotive collision and aftermarket e-commerce arena."

"Michael is an excellent fit for our organization and we are pleased to welcome him to the team," stated Mehran Nia, U.S. Auto Parts Chief Executive Officer. "As we assess the capital markets, review acquisition opportunities, and further develop the company's strategic plan, we expect Michael's experience and abilities to be a key ingredient to our success."

McClane has more than 14 years of experience providing financial and transactional expertise to both public and private companies operating in the service and technology sectors. McClane has spent the majority of his career assisting companies with mergers and acquisitions, raising capital in the public and private markets, and designing and implementing SEC compliant internal control structures and financial reporting environments. In his new role McClane will be responsible for all of the financial affairs of U.S. Auto Parts Network, Inc., including mergers and acquisitions, accounting, treasury, cash management and human resources.

"Michael has a strong background in financial controls and excels in strategic planning as well as tactical execution," Nia added. "Michael's skill sets and energy will be of tremendous value to us as we embark on our next phase of development." A Certified Public Accountant, McClane holds a B.A. in Economics with an Accounting Concentration from the University of California Santa Barbara. Following school he joined Arthur Andersen LLP and spent several years in the audit practice in California and Pennsylvania.

U.S. Auto Parts supplies a comprehensive product offering of body parts and accessories at competitive prices, marketing to consumers primarily through the Internet. Recognized as one of the most established auto parts wholesalers online, U.S. Auto Parts offers major product categories currently totaling about 45,000 different parts and representing approximately 450,000 unique product applications by vehicle make, model and year. They provide superior quality wholesale parts to do-it-yourself consumers who repair and customize their automobiles and light trucks, as well as to collision repair shops and installation outlets. The Company markets its products through numerous websites including usautoparts.com and partstrain.com.

About U.S. Auto Parts

Founded in 1995, U.S. Auto Parts Network, Inc. (usautoparts.com) is one of the nation's leading e-commerce distributors of automotive aftermarket collision replacement parts and accessories. The Company offers a broad line of OEM replacement parts and aftermarket parts at competitive prices, along with comprehensive customer support. For more information on U.S. Auto Parts please call 888-827-6976 or visit www.usautoparts.com.

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