Auto Network USA Selected to Participate in Discovery Expo '98
12 October 1998
Auto Network USA Selected as One of 80 Worldwide to Participate in Discovery Expo '98, October 20, in New York City
SCOTTSDALE, Ariz.--Oct. 12, 1998--Auto Network USA (OTC BB:ANWK) will be among 80 of the top growth companies in the world to gather October 20 at Discovery Expo '98 to meet 1,000 Wall Street movers and shakers at the New York Hilton and Towers.
This sixth in a unique series of Discovery Expos was organized by the Investment Reporter, a Newport Beach, Calif.-based financial newspaper, to bring together undiscovered companies with high-profile growth fund managers, analysts, stockbrokers and sophisticated investors in a one-day event.
These key players will have a chance to become acquainted with the products, top executives and future outlook of participating NASDAQ and OTC Bulletin Board listed firms whose stock represents opportunities for appreciation.
"When you're a mid-cap or small-cap company you tend to fall off the financial radar screen no matter how well you're doing financially," said John Robbins, publisher of The Investment Reporter, host of the Discovery Expos. "The financial world needs to find growing companies whose shares have further upside potential and these companies want to be discovered. Expo '98 is a convenient way for them to find each other."
Auto Network USA (AUTONET) is the fastest growing, publicly-held wholesaler of used late model and luxury automobiles in the country. The Company is capitalizing on the billion-dollar wholesale market by focusing operations in strategic segments of the country.
AUTONET's strategy is to gain market share in key urban areas by acquiring and consolidating the independent automobile wholesaling companies. This strategy will provide the company with access to a large and growing volume of high-quality late model and luxury automobiles. It will also allow AUTONET to take advantage of geographical disparities in the value of cars.