TCIC and Garff Form Enterprise in National Automotive Website
3 February 1999TCIC and Garff Form Enterprise in National Automotive Website
ENGLEWOOD, Colo., Feb. 3 -- TCI Media Services, a division of TCI Communications, Inc., (TCIC), the cable television systems arm of Tele-Communications, Inc. (TCI), and Garff Enterprises, Inc. announced today the formation of a new enterprise involving the national automotive website AutoMallUSA.com. AutoMallUSA.com offers consumers the ability to search car inventories, apply for credit, sell their own car and complete a variety of other Internet transactions. For the past year, TCI Media Services has offered this Internet product as part of an automotive dealer advertising package in selected TCI markets. TCI Media Services joined the new enterprise as a minority owner through a cash contribution and will assume sales responsibility for the national automotive website that offers consumers new and used local car dealer information. "Uniting spot cable advertising and AutoMallUSA.com has been a tremendous success for our local advertisers, bringing additional customer awareness of their offerings," said Jerry Machovina, Executive Vice President of Advertising Sales for TCIC. "TCI is leading the industry in exploring the delivery of new advertising applications as consumers' buying habits and informational resources change during this technological revolution." "We are pleased to join TCI Media Services to expand the reach of this customer and dealer friendly Internet site," said John Garff, Chairman of AutoMallUSA.com. "With AutoMallUSA.com, customers have more information at their fingertips, such as up-to-date price quotes and over 150,000 new and used vehicles to choose from in our Auto Classifieds." TCI Media Services will offer the AutoMallUSA.com program to local car dealerships in all TCI markets beginning this year. It will also be made available to other cable operators and media partners. AutoMallUSA.com and TCI Media Services will showcase their Internet product at the National Automobile Dealers Association (NADA) show in San Francisco on February 6th - 9th. To experience the website's capability, visit http://www.AutoMallUSA.com. Tele-Communications, Inc. is traded through the TCI Group, the TCI Ventures Group and the Liberty Media Group common stocks. The Series A and Series B TCI Group common stocks are traded on the National Market tier of the Nasdaq Stock Market under the symbols of TCOMA and TCOMB, respectively. AutomallUSA.com was founded and developed by Garff Enterprises, which owns eighteen automobile dealerships in Utah and is part of the newly formed Ford Retail Network in Salt Lake City. The Ken Garff Auto Group has been selling cars in Utah for 68 years.