Autoco.com Announces Strategic Alliance With Insurance Canada
9 March 2000
Autoco.com Announces Strategic Alliance With Insurance Canada-- Adds Substantial Value to TheMotorPages.com With Online Insurance Information and Services -- MINNEAPOLIS, March 9 Autoco.com (OTC Bulletin Board: AOOO, http://www.autoco.com) today announced a strategic alliance with Insurance Canada (http://www.insurance-canada.ca), which will provide insurance related content to consumers, dealers and wholesalers nationwide through AOOO's wholly owned subsidiary TheMotorPages.com. The alliance was established to provide online consumers with current information on the insurance and automotive industries. The companies expect that the alliance will increase Insurance Canada's subscriber base and will further establish TheMotorPages.com as the leading Internet portal to promote, locate and facilitate the sales of automobiles and automotive products. "The new partnership allows cross promotion to consumers requiring current insurance and automotive information," announced Autoco.com's Vice President, Business Development Walter Deagle. "The new relationship will provide ongoing information to Insurance Canada's existing members and will drive greater traffic to TheMotorPages.com." The strategic alliance calls for TheMotorPages.com to provide online marketing strategies and technical assistance services to Insurance Canada, which will also benefit from access to the portal's existing subscriber base. The relationship also represents the continued success of TheMotorPages.com's aggressive strategy to add value added services to the portal, thus ensuring a dominant market position by providing a one-stop shop for all automotive related services that are of interest to consumers, dealers and wholesalers. Insurance Canada (http://www.insurance-canada.ca) provides consumers and insurance professionals with information about insurance-related topics pertinent to Canada. Autoco.com, Inc. (http://www.autoco.com) is focused on providing innovative Internet solutions to the automotive industry's emerging requirements for online vehicle sales, auctions, services and parts through a network of strategically positioned subsidiaries. For more information please contact (Investor Relations) at 800-773-7317. Any statements released by autoco.com that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission. Disclaimer: This transmission was intended only for the party or parties to whom it was directed. If you have received the transmission in error or by other means, it must be destroyed and by no means circulated, copied or otherwise duplicated without the express permission of its author(s). Nothing in the contents transmitted should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information contained herein.