CarForce1 Negotiates Cancellation of 9.5 Million Shares and Creates Added Value for Shareholders
DALLAS--March 27, 2006--In an effort to create more value in CarForce1, (Pink Sheets: AUML) the company announced today the cancellation of 9.5 Million shares. "Negotiations to cancel 9.5 Million shares have been successful, which make me very excited for our shareholders," says CarForce1 CEO Jim Womack. "By cancelling these shares, we are creating more value for our current shareholders as well as our future shareholders."The cancellation of shares will come from two persons that have already agreed to do so. This procedure should be completed within the next 10 days.
CarForce1 provides dealerships with training and consultation on how to expand their market share by maximizing the use of eBay. With years of experience in the automotive internet arena, CarForce1 has developed a program that identifies vehicles that should be listed and also helps with pricing the vehicle for maximum exposure. Also, Carforce1 teaches the auctioning, instead of wholesaling, of trade-ins and aged inventory that won't be kept by the dealership. CarForce1 shows dealers how to eliminate that loss of profit associated with wholesaling or taking vehicles to traditional auctions.
Forward-Looking Statements
Matters discussed in this press release are "forward-looking statements." Statements describing objectives or goals or the company's future plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. More information about Auction Mills Inc. is available at http://www.carforce1.com.