AutoTradeCenter.com Inc. Enters Into Agreement with Vehicle Inspection Services
14 December 1999
AutoTradeCenter.com Inc. Enters Into Agreement with Vehicle Inspection Services
SCOTTSDALE, Ariz.--Dec. 14, 1999--AutoTradeCenter.com Inc. (OTC BB:AUTC) Tuesday announced that it has entered into an agreement with Vehicle Inspection Services (V.I.S.) to inspect retail consumers' vehicles for the company's planned Internet site, www.tradeincarsonline.com.Available in 300 markets, the V.I.S. inspections will allow the company's subsidiary, Auto Network Group, one of the nation's largest automobile wholesalers, to evaluate a consumer's trade-in vehicle, enabling the consumer to complete an online new car purchase transaction with a trade-in, through any number of Internet buying services.
Once the information on the customer's trade-in vehicle is assembled, the consumer will receive a firm purchase bid from Auto Network Group.
Company President Roger Butterwick said, "Internet new car sales for the year 2000 are estimated to reach 500,000 units. Today, approximately 50% of the online consumers have trade-in vehicles which complicate online transactions. Trade-in Cars Online will simplify the buying process for both the consumer and the online buying services."
AutoTradeCenter.com is a leading Internet-based "business-to-business" automotive wholesale and re-marketing company.
On its web site, http://www.autotradecenter.com/, the company markets its services to its national dealer base, to automotive lease and rental companies, and to banks and financial institutions across the United States who can use the site's many features for more efficient buying, selling and trading.
The site also is designed to provide large dealership groups a virtual private network internal inventory service through controlled security access.
For more information on AutoTradeCenter.com Inc., please visit http://www.autotradecenter.com/.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995.
The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.