Auto Centrix, Inc. Releases Analyst Report
TAMPA, Fla. & HALIFAX, Nova Scotia--Dec. 2, 20049, 2004--Auto Centrix, Inc. (ATCX.PK) today released an analyst report on their company prepared by Market Advisors Inc. The complete unedited text of the report is as follows:Stock Symbol - ATCX.PK Shares - 71,050,299 Float - 4,161,500 Recent price - $0.20 Short term price - $0.94 Web Site - www.autocentrix.com Phone - 1-888-478-4346
NEWS FLASH: Internet auctions have become a place for businesses of all sizes to make money. Conservative estimates by Forrester Research show that online auctions are the wave of the online future. Auctions were once viewed as a "last resort" method to dispose of property. That has completely changed as they are currently seen as a primary means of selling or buying anything and everything imaginable. This allows auction users to maximize their revenue above any other method.
Internet use to purchase vehicles and equipment has shown a dramatic increase. Wholesale vehicles purchased by dealers via the Internet have quadrupled from 12% in 2000 to 48% in 2003. 2004 is ahead of that pace.
Auto Centrix, Inc. (ATCX.PK)
Investment Highlights
-- Strategic alliances like the one with Vortex Solution Inc. that has extensive experience in online solutions for this sector
-- Online use has seen a dramatic increase for purchasing autos
-- This is a ground floor opportunity for investment capital
-- The executive management team at ACTX brings with them an extensive and diverse background in various industries, and in particular, the automotive industry
Auto Centrix, Inc., based in Halifax, Nova Scotia, provides the technology solutions that enable wholesalers, lease and rental companies, automotive importers, dealerships and manufacturers to more efficiently and effectively do business. The Company focuses on the unique needs of the vehicle-remarketing sector of the automotive industry. Through their wholly owned subsidiary, Dominion Auto Auctions, Auto Centrix is engaged in the sale of pre-owned vehicles, trucks, boats, motorcycles, and recreational vehicles as well as heavy and light equipment via weekly live auctions. This is the only weekly public auto auction facility in Nova Scotia. Over the past three years the executive management team has extensively researched all aspects of the automotive industry, changing industry trends, and the elements missing from current technologies. Auctions have grown from a niche clientele of collectors to a mainstream vehicle for online purchases. A recent survey by Nielson//Net Ratings reported that more than 6.2 million consumers conducted online transactions at auction sites last month, a 22% increase from the 5.1 million that did so in May of 2000. In North America, the remarketing industry is estimated to be $78 billion, while the used vehicle market has risen to approximately $390 billion.
SERVICES
The Company has the technology that allows for a simulcast auction broadcast system on the Internet with real time audio and video, thereby allowing users around the globe the ability to bid on vehicles physically being auctioned in a bricks and mortar auction house. ACI also offers a proxy bid salvage auction module, complete with proxy bid technology, conditioning reports and innovative search and reporting capabilities. Purchasing and selling vehicles through the Internet allows buyers to compete for the lowest prices on any vehicle in an unlimited geographic market, from their own physical location. Auto sellers can access multiple on-line auto auctions as well as potential buyers 24/7. Auto Centrix President and CEO David Highmore recently stated that, "The simulcast auction software is an integral part of our business plan that will substantially increase our revenues for the coming year." We feel that steadily rising revenues could prompt the stock price to rise significantly.
The Company will exploit various technological mediums, which facilitate the purchase, sale and re-sale of vehicles. This means lowering costs, expanding geography, and expediting the sales process, while securing the integrity of the vehicle information. ACTX is totally aware that cars come in a great many variations of degree and quality, and they will always provide a survey of a particular vehicle's condition to ensure fair and honest auto auctions online participation.
ANALYST - Officers of Market Advisors, Inc. have been in business since 1983 and have provided stock market research for their clients since 1985. Company officials have been frequently quoted in a wide array of financial publications such as the Wall Street Journal, Investors Business Daily, Barron's, The Dick Davis Digest, Moniresearch and many others. We have on our staff the former editor of the Marketarian Newsletter, a nationally syndicated stock market newsletter published for over twenty years.
ANALYST - Jeff Helleberg has over twenty years in the business and has been lead analyst for Market Advisors since 1985. Mr. Helleberg has been frequently quoted in a wide array of publications such as the Wall Street Journal, Barrons, Investors Business Daily, The Dick Davis Digest and many more. Jeff was the editor of the Marketarian Letter, a nationally syndicated stock market newsletter for over 14 years.
The information and opinions in this report were prepared by Market Advisors, Inc., which has at times served as financial relations counsel to the featured company and does receive fees for services including preparation of this report. For this report, $2,000 was received from a non-affiliated third party. This is not an offer to buy or sell securities nor should this report be construed as investment advice. Information or statements are subject to numerous risks and uncertainties that cause such statements not to prove accurate. For a more detailed disclaimer please contact MA.
About Auto Centrix,Inc
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. ACI currently holds the world-wide rights to a online real-time simulcast auction system currently being used across Canada and a Proxy Bid Salvage Auction software which utilizes a proxy bid capability whereby bidders can set their maximum bid on a unit and the system will do the bidding for them up to that set amount. The software module also offers in-depth condition reporting as well as advanced search and reporting functionality.
For more information, go to www.autocentrix.com
'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.