Snap N' Sold's HotAutoWeb Subsidiary Announces Recent Listing Activity
PLANTATION, Fla.--Sept. 22, 2005--Snap N' Sold Corp. (Pink Sheets:SNPD) today released recent auction listing activity for its HotAutoWeb Strategic Business Unit. The Snap N' Sold subsidiary listed over $175,000 in vehicle inventory over the past seven days including a 1955 Chevy(R) (Chevy(R) is a trademark of General Motors Corporation ), a 1963 Porsche 356B and six Harley-Davidsons (Harley-Davidson(R) is a trademark of Harley-Davidson Corporation motorcycles). The company also affirmed that along with the above listings it would be listing a $450,000 motor coach on eBay during the coming week.Brian Hanold, President of the subsidiary commented, "The inquiry, listing and sales growth rates we are experiencing are very promising. I am also encouraged by our progress in building the support infrastructure necessary to service HotAutoWeb's existing business back-log and significantly increase its total future capacity."
Mr. Hanold also pointed out that the Company has seen an increase in listings of private classic car collections. Hanold stated, "We are already making preparations to list a private collection of high-end classics in October consisting of three very special cars; a 1969 Road Runner Hemi Pro Street (Plymouth(R) is a trademark of Daimler Chrysler AG ), a 1967 Ford Fairlane GT 427 Side Oiler Four-Speed #1 of 8 and a 1967 Ford Mustang Shelby GT500. I estimate the value of this collection to be over $300,000 and we are hoping to get more vehicles from this rare collection."
About Snap N' Sold Corp.
Snap N' Sold Corp., http://www.snapnsold.com, is engaged in the eBay drop store industry with competitors Las Vegas based Net2Auction Inc. (Pink Sheets:NAUC), subsidiary of AmeriResource Technologies, Inc. (OTCBB:AMRE.OB); Dallas based Orbit Drop, Inc. (Pink Sheets:OBDP) and Auction Mills Incorporated (Pink Sheets:AUML) as well as other auction facilitators like the EZ2Companies.com, (OTCBB:EZTO). Snap N' Sold is managing its growth through the acquisition of community-centered retail "thrift stores" that will continue operating in that business while also acting as local eBay drop store "consignment centers" and corporate and estate asset disposition offices.
Snap N' Sold's HotAutoWeb subsidiary, http://www.hotautoweb.com, is engaged in the business of direct-to-consumer sales and auctions of highly-coveted classic race cars and hot rods. While HotAutoWeb currently sells other forms of conveyance, such as RV, airplanes, motorcycles, boats and RV's, the company will be building vehicle-specific web sites to facilitate listings and sales in the same manner as HotAutoWeb. The company is also instituting a National Regional Representative Program to drive local service representation and national listing and sales growth.