AutoTradeCenter Posts Record Sales in January; Gross Revenues Up Over 340 Percent for Same Period Last Year
SCOTTSDALE, Ariz.--Feb. 15, 2002--AutoTradeCenter (OTC BB:AUTC) Friday announced record-breaking sales and gross revenues for January 2002.Total vehicle sales on the company's branded Web sites for January doubled over January 2001. Gross revenues for the month were up over 340 percent for the same period last year.
"The forward momentum we are experiencing going into our fourth quarter and starting 2002, is an affirmation of the company's business plan and success in the vehicle remarketing industry," stated Roger L. Butterwick, president of AutoTradeCenter.
"Vehicles are available to our client's franchise dealer body seven days a week, 24 hours a day and they have learned to check our sites daily for new inventory. During the month of January, ATC's remarketing team sold almost 4,000 vehicles to dealers nationwide and we look forward to building on this energy throughout 2002."
AutoTradeCenter (ATC) is the leading Internet-based "business-to-business" automotive remarketing company. The company markets its services to automobile manufacturers, captive finance companies, lease and rental companies, and financial institutions across the United States.
ATC powers the American Honda Finance Corp.'s Vehicle Inter-Dealer Purchase System (VIPS), the American Suzuki Motor Corp.'s PROline, and Volvo Finance North America's Remarketing Internet Database Explorer (VolvoRIDE) utilizing Internet technology and remarketing services.
For more information on AutoTradeCenter.com Inc., please visit http://www.autotradecenter.com/ or contact Public Relations at lseegan@autotradecenter.com.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995.
The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby.
Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.