Texas 'My Plates' Reaches $25M Goal Early
AUSTIN, Texas (AP) - A Texas state department says a company hired to make specialty license plates has hit its required $25 million revenue goal a few months early.
My Plates has sold more than 199,000 license plates since 2009. It received a contract from the Texas Department of Motor Vehicles that year to market and sell specialty plates.
Texas lawmakers authorized the contract as a way to raise $25 million for the state over five years. The company met its current revenue obligation to Texas four months ahead of schedule.
The department renewed its contract with the company this March for another five years.
Online: MyPlates
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