Automotive Capital Group Offers Future Guidance Of $0.30 Earnings Per Share With $8 Million Revenue Over Next 12 Months
SCOTTSDALE, Ariz., July 28 -- Automotive Capital Group, Inc announced publicly today guidance for the company once the merger of Colfax and Navicom is complete. Colfax Financial has been profitable for over 10-years with the infrastructure for future expansion. Colfax has two automobile sales lots in Arizona with a strong reputation in the automobile and finance communities. Navicom GPS technology is profitable with over 1,000 units being used currently to track auto/trucks in 98% of the US, Mexico, and Canada.
With this merger, structure will change from privately held to publicly traded. That change alters the companies focus to profitability and shareholder value. The near term goals are to file the form-10 and become a fully reporting company while applying to the American Exchange (AMEX) once all requirements are met. It may not be common for Pink Sheet companies to give future financial projections; however, AOCP feels it is important to keep shareholders informed on a rapidly changing company. The management also wants the ability to discuss the future outlook at investment road shows and investor meetings.
The company offered the following guidance with the completion of the merger. The current earning assets of the company are $5,000,000. AOCP forecasts $0.30 per share in earnings and $1.00 per shares in revenues over the next 12-months. The company reiterated its previously announced outlook for 25% revenue growth over the next three years.
The websites for the business are www.AutocapitalGroup.com , www.GPSStation.com , www.TitleLoanHelp.com, and www.NOWgps.com
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.
We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements. The guidance above is depended on closing merger/acquisition of the above listed companies.