Corporate Profile for Autofusion Corp., dated Feb. 23, 2001
--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-Published Date: Feb. 23, 2001 Company Name: Autofusion Corp. Address: 1940 Garnet Ave. San Diego, CA 92109 Main Telephone Number: 858/270-9444 Internet Home Page Address (URL) www.autofusion.com Chief Executive Officer: Lou Urbano Chief Financial Officer: John Teotico Investor Relations Contact: John Teotico Business number: 858/270-9444 E-mail address: jteotico@autofusion.com Public Relations Contact: Tony Cohen Business number: 858/270-9444, ext. 255 E-mail address: tcohen@autofusion.com Industry: automotive, e-commerce
Company description: Autofusion Corporation, founded in January 1998 and headquartered in San Diego, is a leading provider of products and services for automotive e-commerce. The company's offerings facilitate significant sales efficiencies for dealers, help consumers select cars, and match consumer selections with dealer inventory at the best prices.
Among its suite of products, Autofusion benefits from "first-mover" advantage through (1) its proprietary, unmatched configuration technology, Select-A-Car(TM), developed through an exclusive partnership with Selectica Inc. (NASD:SLTC), and (2) its Multi-Price(TM) online retail system, in which consumers are empowered to choose between dealers/retail partners and complete the transactions all from their own computer.
Select-A-Car and Multi-Price are scaleable for the entire industry and are applications that will be licensed to all sites as complementary but separate products. In fact, Select-A-Car may be adapted to and is equally effective for any fulfillment model (brick-and-mortar dealers, manufacturers, online "direct" buying services, online "referral" services, as well as auctions and reverse-auctions). Thus, Select-A-Car makes Autofusion's fulfillment-model neutral and provides enormous flexibility and the ability to exploit several additional revenue opportunities.
After raising less than $5 million in angel financing, Autofusion is a profitable company with substantial revenues. Autofusion has out-positioned all competitors by focusing its efforts on building infrastructure products that can be in the middle of every automotive transaction on the Internet.
Autofusion's successful consumer site, CarPrices.com, is growing rapidly, with more than 1.5 million visitors per month, 50 Co-Branded partners and 50,000 Affiliates.
2000 Revenue: 8M
Profitable last 6 months.
Key relationships: Selectica (SLTC), NADA Guides, AAA, DealTime, JD Power Clubs.