Analysis & Review Research Coverage of AutoTradeCenter.com
6 December 1999
Public Analysis & Review Updates Research Coverage of AutoTradeCenter.com -AUTC.OB- With a Speculative Buy Rating and a 12-Month Target of $5 - $7.
NEW YORK--December 6, 1999--(InvestorWire) Public Analysis & Review (PAR) analyst Dr. William Davison issued his Quarterly Update coverage of AutoTradeCenter.com (AUTC.OB) with a "SPECULATIVE BUY" rating, for a 12-month target of $5 - $7.A summary of the AutoTradeCenter.com report, being distributed by Investrend Research follows. The entire report including disclaimers can be downloaded from the Investrend Website at www.investrend.com/.
Please read the disclaimers posted on the Investrend site before investing.
A summary of the PAR report by Dr. Davison:
AutoTradeCenter.com is a leading internet-based "business to business" automotive wholesale and re-marketing company. We are maintaining our Speculative Buy rating on AutoTradeCenter.com. The company has continued to grow its revenue stream (by over 50% in the most recent quarter) although its margin has decreased to where it is now incurring a small loss. Recently it satisfied SEC S-1 filing requirements and has returned to OTCBB listing. The company is currently pursuing new market opportunities along with the $10 million in financing it needs from the capital markets to meet its long-term objectives.
The company projects that it will report sales in the 2000 fiscal year, ending March 31, of approximately $150 million, with an estimated loss of $0.02 per share. A revised 12-month price target of $5-7 reflects the estimate of a $0.08 per share profit from sales of $400 million in Fiscal 2001, which ends March 31, 2001. These estimates anticipate the Company obtaining debt funding of the $10 million needed to continue operations in the present form.
PAR is an independent professional analyst program administered under the auspices of the non-profit Investors Research Institute, Inc. The research is distributed by Investrend Research, as well as by Zack's Investment Services and other investment portals. John M. Dutton, president of Investrend Research, a division of Investrend Communications, Inc., notes that the PAR program provides continuing research coverage by its 14 security analysts for enrolled companies. Anyone may enroll a company in PAR,including companies themselves. Annual enrollment is $17,500.
For more information:
AutoTradeCenter.com, Inc. 8135 East Butherus, Suite 3, Scottsdale, AZ 85260. www.autotradecenter.com/. Attn: Roger L. Butterwick (408) 951-8040.
Investrend Research John M. Dutton, President 801 S. Figueroa, Suite 1400, Los Angeles, CA 90017 Phone (213) 929-2616, Fax (213) 623-4590. E-mail jmdutton@mediaone.com. http://www.investrend.com.