Auto Centrix, Inc. Announces that PBR Auto Auctions Launches ACI's Simulcast Auction Software
TAMPA, Fla. and HALIFAX, Nova Scotia, Feb. 22, 2005 -- Auto Centrix, Inc. (ATCX.PK) announced today that PBR Auto Auctions of Saskatoon, Saskatchewan has successfully broadcast their first auction using Auto Centrix's real-time simulcast auction software. PBR Auto Auctions is a full service auction house offering the largest liquidation facility in Western Canada as well as providing auction services for vehicles, farm equipment, industrial machinery, livestock and other products. PBR Auctions is part of the ICAN Group (Independent Canadian Auction Network) who has the contract for Canada's Public Works and Government Services. Auto Centrix's simulcast auction software includes real-time audio and video broadcasting over the Internet, whereby a bidder from anywhere in the world, can bid simultaneously with the bidders physically at the bricks and mortar auction house where the vehicle being offered.
"We are very proud to add PBR Auto Auction to our ever-growing user network," stated Auto Centrix President and CEO, David Highmore. "PBR has an excellent reputation and we are pleased to have another member of the ICAN group implementing our simulcast auction broadcasting software."
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 worldwide rights to an online real-time simulcast auction system currently being used across Canada and a Proxy Bid Salvage Auction software. For more information, go to http://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