Auto Centrix, Inc. Announces the Launch of Its Online Simulcast Auto Auction
TAMPA, Fla.--Dec. 9, 2004--Auto Centrix, Inc. (ATCX.PK) announced today that the company has completed the second phase of its business plan with the execution of a Worldwide License Agreement with Vortex Solution, Inc of Montreal. The technology allows for a simulcast auction broadcast system via the internet with real time audio and video thereby allowing users around the globe to bid on vehicles physically being auctioned in a bricks and motor auction house. The software division projects revenues of $2.2 million in 2005 and Dominion Auto Auction Group Inc, a wholly owned subsidiary of ACI projects revenues of $5.0 million for 2005. The Auto Centrix group of companies projects revenues of $ 7.2 million for 2005 up from approximately $ 3.1 million for the 2004 fiscal year to date."The simulcast auction software is an integral part of our business plan and will substantially increase our revenues for the coming year as well as support us in penetrating the US market " stated Auto Centrix, President and CEO David Highmore. "In January 2005, Dominion Auctions will promote the simulcast auction software as part of their services, thus giving them a competitive edge in the marketplace "
Auto Centrix, Inc., which operates a "bricks and mortar" automotive auction under the Dominion Auto Auctions name, 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. For more information, go to www.autocentrix.com