Corporate Profile for Autoco.com/TheMotorpages.com, dated April 6, 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.Published Date: April 6, 2001 Company Name: Autoco.com Inc./TheMotorpages.com Address: Western Regional Executive Offices Suite 630, 840 - 6th Avenue S.W. Calgary, Alberta T2P 3E5 Canada Main Telephone Number: 403/261-3030 or toll free 1-877-979-4545 Internet Home Page Address (URL) www.autoco.com / www.themotorpages.com Chief Executive Officer: Max J. Wandinger Chief Financial Officer: Robert Pfaff Investor Relations Contact: Lionel Gosselin Business number: 1-877-979-4545 E-mail address: ir@themotorpages.com Public Relations Contact: Lionel Gosselin Business number: 1-877-979-4545 E-mail address: ir@themotorpages.com Industry: Technology/Automotive Trading Symbol/ Exchange: OTC Pinksheets:AOOO Market Makers: Wien Securities
Company description: The Motorpages (the "Company") provides Internet-based solutions to the automotive industry's emerging requirements for on-line vehicle sales including wholesale, re-marketing and auction processes. The Motorpages' portal (www.themotorpages.com) facilitates a highly effective and efficient buying and selling process by providing a state-of-the-art comprehensive, scalable and dynamic portal to consumers, dealers, re-marketers and auction participants. The market for The Motorpages consists of every dealer, re-marketer, manufacturer and auction participant across North America. The company is a vertically integrated B2B portal providing dealers and re-marketers with a host of services to facilitating transactions in a manner not possible without The Motorpages technology.
The B2B platform allows dealers and re-marketers such as manufacturers, agents, fleet lease companies, daily rental companies, auction houses and other wholesale vendors to place their vehicles for auction to the dealer base. The various mediums provided are: Live Auction, Closed Tender, Dutch Auction, Special Auction and the Traditional Auction. The auctions vary in length and magnitude catering to the specific needs of the re-marketer. Greater participation in combination with the increased quality of information and integrity produces higher yields to the reseller and provides the dealer with a product that is specifically required without incurring the time and expense to physically have a presence at the traditional auction or re-marketing center.
The company's technology division is currently developing wireless technologies in order to facilitate the process of maintaining online inventory and streamlining the appraisal and conditioning report process. These technologies will be marketed to various industry sectors throughout North America for which it will earn monthly service revenues. The technology division is continually developing new features and technologies to provide the highest service level possible to the automotive industry.
The Motorpages expects to generate revenues during the second quarter of 2001 with the launch of its upgraded portal during the Auto Re-marketing conference in Toronto on April 26th, 2001. The company's shares currently trade OTC under the symbol "AOOO."