Auto Centrix, Inc. Corporate Update
TAMPA, Fla.--Sept. 27, 2004--(PK.ATCX) Since the closing of the exchange agreement with Teleon and Auto Centrix, Inc. the company has been executing its new business plan reports CEO David Highmore. "I would like to bring the current shareholders up to date with our successes. We have successfully gone public with our exchange agreement with Teleon and the result will increase our ability to finance our future growth. In addition we will have new access to the United States market and increased visibility to the Canadian market."Auto Centrix Inc. acquired 100% of Dominion Auto Auction Group Inc., which offers weekly public and wholesale auctions of pre-owned passenger vehicles, heavy and light duty trucks, marine and recreational vehicles, as well as heavy equipment. The acquisition will add approximately $4,000,000 (USD) in sales to ACI and provide a valuable platform from which to launch ACI's suite of technological products.
"As we are building our platform in the coming months," stated Highmore, "we have targeted a number of additional acquisitions and synergistic technologies. We are committed to building Auto Centrix, Inc. into a major player within the auto re-marketing industry."
Auto Centrix, Inc. focuses on various technological mediums which facilitate the purchase, sale and re-sale of vehicles, thereby lowering the costs, expanding the geography, and expediting the sale processes, while securing the integrity of the vehicle information. The products and services have been designed with the flexibility and scalability to interface with their clients existing systems.
'Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.