SOURCE Oak Investment Partners
PALO ALTO, Calif., Sept. 26, 2013 /PRNewswire/ -- Oak Investment Partners issued the following statement today in response to a press release issued yesterday by Maguire Asset Management:
"Oak Investment Partners is not interested in selling our shares in U.S. Auto Parts at this time. We are long-term investors in the company and believe in U.S. Auto Parts' long-term potential and strategic value in the online auto-parts industry. We fully support the company's CEO, Shane Evangelist, and its Board of Directors, and strongly believe in this management team's ability to lead the company forward successfully."
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