Wheels Online Auto Shopping Solution
20 August 1998
Bank One, Navidec and 4 Utah ABC-TV Launch Wheels Online Auto Shopping SolutionDENVER, Aug. 20 -- Salt Lake City area consumers looking for a convenient way to browse the area's numerous auto lots won't have far to go -- 2,000 vehicles are available right on their computer screens. Banc One Credit Company, a unit of Finance One Corporation, the finance company subsidiary of Banc One Corporation , Navidec Inc. (Nasdaq: NVDC, NVDCW), a leading provider of Web-based products and solutions, and 4 Utah ABC-TV today announced the activation of Utah Wheels, an online automotive shopping service at http://www.utahwheels.com. The site includes thousands of new and pre-owned vehicles from multiple Salt Lake City-area dealers. Today, site visitors can search inventory from 15 dealer franchises by any combination of vehicle type, year, mileage and total price range. Eleven manufacturers are represented on the site, which is expected to attract the majority of area dealers over the next few months. In addition to Utah Wheels, sites are active in Denver (http://www.coloradowheels.com) and Portland, Ore. (http://www.northwestwheels.com), and are expected to launch in Phoenix (http://www.arizonawheels.com) and Dallas/Ft. Worth (http://www.metroplexwheels.com) this month. Navidec Inc., based in Englewood, Colo., is a leading national provider of products and solutions that use Web-based technologies to achieve its customers' business objectives. From commercial Web site development to the design and implementation of intranet and extranet applications and tools, Navidec helps customers develop successful online solutions. Navidec's premier vertical market focus is on the automotive industry with its Wheels online automotive sales solution. Navidec partners with media organizations to produce Wheels in markets nationwide. The Company's Web site address is http://www.navidec.com. All statements in this press release, other than historical facts, are forward looking statements. These statements are based on certain assumptions and analyses made by Navidec in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstance. Such statements are subject to a number of risks and uncertainties, including general and economic business conditions, demand for automobiles, competition from other automotive online services, market acceptance of the Wheels solutions, the ability of Navidec to reach agreements with local media partners and other risk factors indicated from time to time in Navidec's filings with the Securities and Exchange Commission. Those filings are available online at http://www.freeedgar.com.