Fidelity Holdings' Major Automotive Group Revolutionizes Its Automobile Internet Sales
4 January 2000
Fidelity Holdings' Major Automotive Group Revolutionizes Its Automobile Internet Sales
NEW YORK--Jan. 4, 2000--Customer Sales and Service Websites
Major Automotive Group, the automobile division of Fidelity Holdings, Inc. , today announced its plans to implement Fidelity's subsidiary Info Systems Inc.'s Talkie(R) Browse N Talk(TM) into its websites, www.majorautomotive.com and www.majorworld.com, for sales enhancement and increased quality customer service. Major's Browse N Talk(TM) system will enable online automobile shoppers to place instant toll-free calls from any Major Auto website to a Major new or used car representative with a click of the mouse. For customers without a multimedia PC, Major's Browse N Talk(TM) will automatically call back the customer at a regular phone immediately, through the Browse N Call(TM) PSTN Callback option.
Bruce Bendell, Chairman of Fidelity Holdings, commented, "We have been pioneers in the utilization of electronic auto sales, first with Bloomberg and now on the Internet. With more than $1 million per month from online revenues, we are beginning to realize our vision to be on the cutting edge of the smooth integration of our automotive division with our technological advances. Non-franchised, online Internet auto sales providers such as Autobytel and Autoweb do not use Talkie(R) Browse N Talk(TM), unlike Major World's franchised dealer websites. Consumers and businesses will now be able to use the net for product information, pricing and rebates with up-to-the-minute updates from the Major World dealerships."
James Wallick, Executive Vice President of Fidelity and Chief Operating Officer of Major Automotive Group, said: "We are excited to have the opportunity to utilize this new technology which we believe may be a breakthrough in the way customer service in the internet auto industry is conducted. We strive to reach higher levels of customer satisfaction and continue our growth in new and used vehicle sales throughout the New York metropolitan area. In pursuing targets for acquisition, the possibility to increase revenues through Major's Browse N Talk(TM) technology can be an important factor for the dealership and add value to joining the Major World team."
Moise Benedid, President of Info Systems, stated: "Consumers who browse Major's web site to buy cars will be able, with the click of a mouse, to speak immediately to a sales representative through their computer. Unlike e-mail information request services, which can be slow, Major's customers can now talk to a live operator immediately to help satisfy all their automobile needs."
Fidelity Holdings has been a diversified holding company that utilizes information and technology to target industries experiencing consolidation and/or deregulation. The Company operates two divisions -- Automotive and Technology. The Automotive Division operates through Major Automotive Group, a leading consolidator of automotive dealerships in the New York Metropolitan Area. The Technology Division operates through Computer Business Sciences, its IG2, Inc. subsidiary, its Info Systems, Inc. subsidiary and its plastics subsidiary. Fidelity Holdings, Inc. is presently exploring the divestiture of its non-automotive activities by way of sale, merger, consolidation or other opportunities. Accordingly, all such non-automotive activities have been classified as discontinued operations in its financial statements.
For additional information, visit our website at www.fdhg.com, www.majorautomotive.com and www.majorworld.com.
The information contained in this press release, including any "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 contained herein, should be reviewed in conjunction with the Company's Annual Report on Form 10-KSB and other publicly available information regarding the Company, copies of which are available from the Company upon request. Such publicly available information sets forth many risks and uncertainties related to the Company's business and such statements, including risks and uncertainties related to that are unpredictable and outside of the influence and/or control of the Company.
