Entrepreneur Magazine Names Peterbilt Dealership Chain One of America's Fastest Growing Companies

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The Pete Store Inc., a chain of Peterbilt Dealerships based in Maryland, experienced sales growth in excess of 300 percent and job growth of 416 percent in the last four years, earning it recognition from Entrepreneur Magazine. The company operates six Peterbilt Truck dealerships throughout the eastern United States.

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Being named to Entrepreneur Magazine's list of America's fastest growing companies is a great achievement and something we are all very proud of

In a recent Entrepreneur Magazine ® ranking of America's 500 fastest growing companies The Pete Store, Inc., a Peterbilt Truck dealer group with six locations in the eastern United States made the list at #97.

With sales growth in excess of 300% and job growth of 416% in just four years, the Maryland-based truck dealer was the highest ranked automotive company and the only truck dealer to make the list. The sales numbers are based on fiscal 2006 and are not inclusive of the three new locations recently acquired in March.

"Being named to Entrepreneur Magazine's list of America's fastest growing companies is a great achievement and something we are all very proud of," said John Arscott, President of The Pete Store. "Our strong partnership with PACCAR Inc., who continues to provide us with products of unmatched quality, along with our outstanding personnel who endeavor to know more about these products than anyone else, are the keys to our continued to success. At The Pete Store our goal is to provide world-class service everyday and our commitment to only one manufacturer allows us to better deliver on this promise."

Making the Cut

The Hot 500 rankings are compiled with the help of Corporate Research Board, a Washington D.C. based research organization. Entrepreneur Magazine and CRB started with CRB's database of more than 19 million U.S. businesses and considered businesses that met several sales and job growth criteria. Only 95,000 businesses - or 0.5 percent of the 19 million businesses - met the criteria. It was from this list Entrepreneur Magazine selected its Hot 500.

About The Pete Store
The Pete Store, Inc. operates six Peterbilt Truck dealerships throughout the eastern United States. They offer a wide range of services including sales, service, parts, and financing of Peterbilt trucks. To find out more about The Pete Store please visit http://www.ThePeteStore.com

For more information on Entrepreneur Magazine and its Hot 500 list visit the magazine's Web site at http://www.entrepreneur.com/magazine/hot500/index.html

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Greg Arscott
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