AutoTradeCenter.com Inc. Profiled in Bear, Stearns & Co. Report
10 January 2000
AutoTradeCenter.com Inc. Profiled in Bear, Stearns & Co. Report on Internet Business-to-Business Companies
SCOTTSDALE, Ariz.--Jan. 10, 2000--AutoTradeCenter.com Inc. (OTC BB:AUTC) Monday announced that the company has been named one of 50 public and private companies profiled in a Bear, Stearns & Co. report on Internet business-to-business companies published by Scott Ehrens and Peter Zapf.This comprehensive report introduces a framework for understanding the e-commerce business-to-business industry and can be downloaded from the Bear, Stearns & Co. Inc. web site at www.bearstearns.com.
The company would also like to refer interested investors to a report issued by Goldman Sachs titled eAutomotive: Gentlemen, Start Your Search Engines. Although AutoTradeCenter.com is not specifically named in this report, it will provide the reader with a wealth of information concerning the potential for the company's e-commerce automotive solutions.
A copy of the Goldman Sachs report can be obtained by contacting Tamik Rogers at tamik.rogers@gs.com or 212/855-8589.
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.
In addition, the company has developed a second Internet site, www.tradeincarsonline.com that 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.
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.