Wallstreetcorner.com Reports 6 New Orders Totalling Over $400,000 for Auto-Q International Inc.
LONDON, July 23 -- Auto-Q International Inc. (BULLETIN BOARD: AUTQ) , a leading provider of vehicle tracking and monitoring systems for trucking fleets and consumers, announced today that it has been featured on Wallstreetcorner.com.
In the report, Wallstreetcorner.com quoted Auto-Q International President Tom Lam who stated that the company "is in a much stronger position for the immediate future. Our product and market development programs have been progressing well, which have resulted in six new orders totaling approximately $402,000.
Auto-Q International recently received a $45,000 purchase order from the United Kingdom based furniture and housewares chain MFI. On 6/26/2003, Auto-Q received purchase orders totaling $150,000 for the installation of its FleetTrak Tracking System on Walkers (Snacks) Distribution Ltd. vehicles. Walkers, a UK subsidiary of Pepsi Cola Corp. , which has a large trucking fleet to distribute its snack food products.
Walkers Distribution Ltd. has installed the FleetTrak System on 225 vehicles and reports fuel savings of about 5%. Auto-Q's FleetTrak vehicle tracking system uses a combination of GPS (global positioning systems) technology & GSM signaling to provide intimate management reports on every vehicle in the fleet, continuously & in real time.
"AUTQ is concentrating on the European market. I suspect that when it achieves an adequately large market share in Europe, the company may tackle the U.S. market," stated Larry Oakley, Wallstreetcorner.com. Mr. Oakley continued, "The fact that the cost of fuel in Europe is considerably higher than in the U.S. is of course a big part of that strategy".
Please visit www.wallstreetcorner.com for Larry Oakley's full report on Auto Q International Inc. or visit www.auto-q.com.
For investor information please contact Matt Maguire at 407-884-0444 or 1-866 THE APPLE. www.auto-q.com.
Certain statements contained herein are "forward-looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995) Because such statements include risks and uncertainties actual results may differ materially from those expressed or implied by such forward looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements include but are not limited to, economic conditions, market acceptance of products, risks in technology, and product development.