Auteo Media Begins Trading On OTC Bulletin Board
22 March 2000
Auteo Media Begins Trading On OTC Bulletin Board; New Company Positioned to Become Diverse Automotive e-Commerce Entity
SEATTLE--March 22, 2000--Auteo Media, Inc., (OTCBB:AUTM), formerly Flintrock Financial Services, Inc., a Nevada Corporation, today announced it has become a fully reporting company, and its common stock is now quoted on the OTC Bulletin under the symbol "AUTM."Auteo Media combines a unique blend of automotive products & solutions to consumers and car dealerships through its five business units and e-commerce sites: Northwest and California Dealer Specialties, Autoloco.com, Bidthatcar.com, PartCart.com, PocketAuto.com and ContactAuto.com.
"We believe we are now better positioned to generate greater market interest and support from the financial community, as we expand into the $500 billion dollar automotive marketing arena as an OTC Bulletin Board company," said Steve Van Leeuwen, President of Auteo Media. "We look forward to disseminating financial information on the company, as well as keeping our investors and other interested parties informed about critical company developments."
Auteo Media's business model empowers car dealerships and consumers by combining automotive data collection, digital photography, Internet marketing, point-of-purchase marketing and telecommunications through their various websites. Auteo Media helps remove the anxiety and uncertainty in marketing a car by providing consumers and car dealerships with knowledge on how to market their automobiles on the Internet and communicate through the buying experience.
"We have found that consumers and car dealerships wanted and need a simple-to-use and trusted link to help them locate the right service to showcase their products and needs," Van Leeuwen said. "By using the Internet, we are able to re-invent, simplify and improve the automotive marketing experience for everyone, and help customers and car dealerships communicate, share information and make their decisions with confidence.
"According to a recent J.D. Power & Associates survey, 26 percent of used car buying consumers used the Internet when making a decision, up from 14 percent in 1998. Furthermore, the National Automotive Dealers Association 1998 new-car sales totaled $367 billion annually; used cars sales from member dealers were $241 billion. We are definitely in a burgeoning market. Our business model integrates automotive content, internet exposure, e-commerce, electronic and wireless communications and customer management solutions," Van Leeuwen said.
Auteo Media is creating and managing diverse, yet interrelated, Internet-based solutions for the automotive industry and its consumers. Auteo Media is at the forefront of the growing automotive e-commerce trend, capitalizing on the many opportunities the emerging new medium presents.
Auteo Media's divisions include the following:
-- Northwest & California Dealer Specialties
Consists of data collection, digital photography and
Internet Exposure. Auto Media operates a profitable data
collection, point-of-purchase marketing and Internet
exposure operation that services over 120 new car
dealerships weekly.
-- AutoLoco.com
Consists of and Internet catalogue of over
10,000 used cars and trucks updated every night from more
than 100 Washington and California automobile dealers. The
site includes window stickers on every vehicle, price and a
photo of the vehicle.
-- BidThatCar.com
Consists of an on-line car-bidding auction that allows
participants to buy new and used vehicles at the bidding
price.
-- PartCart.com
A comprehensive e-commerce site that allows
automobile owners and dealers to purchase a variety of
automotive parts and accessories.
-- PocketAuto.com and ContactAuto.com
An innovative Internet-based system that allows auto dealers
and consumers to communicate, purchase or obtain information
on vehicles via a variety of telecommunications and lead
management tools.
About Auteo Media
Aiming to provide multiple Internet solutions for the automotive marketing industry, Auteo Media was established to provide a necessary link between consumers, auto dealers and auto part suppliers to improve the automotive purchase process for everyone. Auteo Media currently focuses on vehicle data and online photography to produce point-of-purchase internet services to automobile consumers and dealers. The company's web site is www.auteo.com.
The above statements in regard to Auteo Media, Inc., which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Auto Media Inc.'s beliefs, expectations, homes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate and marketplace changes.