AutoTradeCenter Gross Revenues Up Over 263 Percent for Same Period Last Year
SCOTTSDALE, Ariz.--March 14, 2002--AutoTradeCenter (OTC BB: AUTC) Thursday announced its third consecutive month of positive EBITDA.Total vehicle sales on the company's branded Web sites for February 2002 doubled over February 2001. Gross revenues for the months of January and February 2002 were up over 263 percent for the same period last year.
"As ATC approaches the end of its fourth quarter, the company continues the positive EBITDA momentum that began in December of last year," stated Roger L. Butterwick, President of AutoTradeCenter, "posting an impressive 6 percent increase in daily sales volume for February. March figures continue to look strong and we look forward to closing our fiscal year in an aggressive business posture."
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.