AutoTradeCenter Appoints Formal Board of Directors
5 December 2000
AutoTradeCenter Appoints Formal Board of Directors
Business Editors/High-Tech WritersSCOTTSDALE, Ariz.--Dec. 5, 2000--AutoTradeCenter Inc. (OTCBB: AUTC) Tuesday announced today that it has appointed a formal board of directors comprised of the original advisory board formed in September.
Individuals from the automobile industry, financial and technology sectors are represented whose expertise will continue to assist the company in its strategic planning.
Company President Roger L. Butterwick commented, "The evolution from advisory board to a formal board of directors is a natural step forward as the company continues to focus on performance, service and innovation."
"In the past year," continued Butterwick, "AutoTradeCenter has defined its leadership role by providing proven vehicle remarketing programs for American Honda Finance Corp. and American Suzuki Motor Corp.
"The lead was further widened by the company's recent unveiling of its second generation Internet technology, ATCadvantage, aggressively addressing the industry's demand for in-depth, business rules-based technology. As we enter the new year, the board will prove an invaluable asset in navigating the company through its dynamic growth period and driving AutoTradeCenter to achieve its maximum potential."
Board Members:
John (Jack) Houck -- Houck is a 35-year veteran in the automotive
financial services industry. He retired in 1999 from Toyota Motor
Credit as manager of the Phoenix branch office, which serviced
Arizona, New Mexico and southern Nevada. He led the branch to
achieve the highest performance ratings within Toyota Motor
Credit. Prior to joining Toyota, Houck spent over 20 years with
Ford Motor Credit. Houck serves as a director of Credit Data
Southwest.
James Kaiser -- Kaiser is chairman, chief executive officer and a
director of Avenir Partners Inc., a franchised automobile
dealership, and president of Kaiser Services, LLC. He retired as
president, CEO and director of Quanterra Inc., a subsidiary
jointly owned by Corning Inc. and International Technology Inc.
Kaiser is a director of Stanley Works , Sunoco Inc.
, The Mead Corp. , and an advisory board
member of IB Net, Ltd.
David Livingston -- Livingston is managing partner of The
Corporate Development Group, a firm bringing to mid-market
companies a blend of corporate development and investment banking
services. Previously, Livingston spent over 20 years in the
commercial banking industry where he was chairman, CEO and
director of First National Bank of Albuquerque. During his career,
Livingston has served on numerous boards for corporate, civic, and
charitable organizations.
R. Gary McCauley -- McCauley is an entrepreneur who has owned
numerous franchised automobile dealerships in the southwestern
United States and has real estate holdings throughout the country.
In recent years, McCauley has been involved in several
growth-oriented technology companies as an investor and director.
L. David Sikes -- Sikes is chairman, CEO of Ramtron International
Corp. (Nasdaq NM:RMTR), a specialty semiconductor company. Prior
to joining Ramtron in 1992, Sikes was president and CEO of the
U.S. operations of ASM International, vice president for Motorola
Inc. Semiconductor Product Sector, and held management positions
with National Semiconductor and Eastman Kodak Co.
A. Marvin Strait -- Strait practices as a certified public
accountant specializing in litigation support consulting with a
focus on business valuations. He is retained by some of the most
prestigious law firms in the country. Strait is a past chairman,
board of directors, of the American Institute of CPAs, the highest
position bestowed upon a member of the accounting profession, and
recipient of the AICPA Gold Medal for Distinguished Service. He is
a director of Whitman Education Group Inc. (AMEX:WIX), Colorado
Technical University, and Western National Bank, and has held
leadership positions in numerous civic and community organizations
throughout his career.
AutoTradeCenter Inc. is the leading Internet-based "business-to-business" automotive wholesale and remarketing company.
On its Web site, 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. For more information on AutoTradeCenter Inc., please visit 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.