"THE CAR CHASERS" PREMIERES ON CNBC TUESDAY, MARCH 5TH AT 10PM ET/PT

New Series Debut on CNBC Prime

ENGLEWOOD CLIFFS, N.J., February 25, 2013 - CNBC Prime takes viewers into the world of car flipping with the series debut of "The Car Chasers" on Tuesday, March 5th at 10PM ET/PT on CNBC. The eight-episode, one-hour, original series produced by ITV Studios America in association with Leepson Bounds Entertainment follows Jeff Allen and Perry Barndt, from Flat 12 in Lubbock, Texas. Each car has a backstory and every negotiation is a cat and mouse game.

Jeff is the dealmaker. Perry is the artist. Meg controls the money. Together, they buy, fix and flip cars but turning a profit is never a sure thing during tough economic times. Throughout the season, Jeff and Perry travel the country looking to buy and sell cars. Whether it's a rare Shelby Mustang or a vintage hot rod, the key is buy low and sell high, something that doesn't always happen. And there are other hazards when it comes to selling cars. Perhaps none bigger than negotiating with your own dad. Tom "Roundman" Souter, Jeff's dad, runs his own classic car dealership right around the corner from Jeff's shop. They are not just regular trading partners; they are trading partners hell-bent on one-upmanship. Tom says doing a deal with his son is like being locked in a closet with a porcupine, "it's gonna hurt but you know it won't kill you."

"THE CAR CHASERS" - PREMIERE EPISODE

Airing Tuesday, March 5th at 10PM ET/PT

In the premiere episode, Jeff and Perry get a solid lead on an iconic 1981 Ferrari in Las Vegas with huge potential to make a lot of profit. With the pressure on to make money, Jeff and Perry head to the Dallas Leake auction to move inventory including a 1995 Harley Davidson Fat Boy with ties to the Terminator movie series.

"THE CAR CHASERS" - Episode #2

Airing Tuesday, March 12th at 10PM ET/PT

Every day is a hustle and a hunt for the next big score. Jeff and Perry find a hidden compound of cars in Midland Odessa, TX with a treasure trove of priceless cars including a 1969 Dickie Harrell Camaro 427 which could sell for upwards of one million dollars. The Flat 12 team also heads to a swap meet in Pomona, CA to shop muscle cars including 1931 Ford hot rod. Emotions run high as Jeff and his dad take negotiations to the racetrack when they go head-to-head over a $1500 spread on a 1969 Chevy Camaro.

Visit thecarchasers.cnbc.com to meet the team at Flat 12, get exclusive online extras and behind-the-scenes video. Like us on Facebook: http://facebook.com/thecarchasers, follow us on Twitter: @CNBCprimeTV and Instagram: @CNBCprime.

"The Car Chasers" premieres on Tuesday, March 5th at 10PM ET/PT on CNBC, immediately following the debut of "Treasure Detectives" at 9PM ET/PT on CNBC.

"The Car Chasers" is produced for CNBC by ITV Studios America in association with Leepson Bounds Entertainment. Myles Rieff and David Leepson are the executive producers for ITV Studios America. Jim Ackerman is the executive producer for CNBC.

About CNBC:

With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD+, CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 390 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 8:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide.

CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms. These include CNBC.com, the online destination for global business; CNBC PRO, the premium, integrated desktop/mobile service that provides real-time global market data and live access to CNBC global programming; and a suite of CNBC Mobile products including the CNBC Real-Time iPhone and iPad Apps.

About ITV Studios America:

ITV Studios America, the U.S. based production entity of ITV Studios in the UK, is one of the largest international producers for the U.S. market and a major force in acquiring, developing and producing reality and scripted programming for U.S. networks. ITV Studios America has a slate of formats in production with major networks and syndicators, including The Car Chasers, Hell's Kitchen, Kitchen Nightmares, The First 48, After the First 48, Four Weddings, Four Houses, The Mathis Project,The Bill Cunningham Show, America Now and The Jeremy Kyle Show.

ITV Studios is a world leader in television production and distribution.

It has international production centers in the UK, Germany, France, the Nordics and Australia as well as America. It is a distributor of programs to over 155 territories worldwide.