ARKONA Endorsed by the Independent Auto Dealers Association of Utah.Business Editors & Automotive Writers SALT LAKE CITY--(BUSINESS WIRE)--Aug. 28, 2002 ARKONA Inc. (ARKN) and the Independent Auto Dealers Association of Utah (IADAU) announced the execution of an agreement which brings additional value to IADAU dealer members while solidifying so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. ARKONA's strategy to become the market leader in providing information management systems to independent automobile dealers. The agreement provides attractive statewide pricing for dealers, strengthens the IADAU's position as the one stop resource center for independent automobile dealers in Utah, and makes ARKONA's dealer management system the exclusively endorsed Dealer Management Solution (DMS (1) (Document Management System) See document management. (2) (Defense Messaging System) An X.500-compliant messaging system developed by the U.S. Dept. of Defense. ) of the IADAU. "Our dealers have continually asked for a state-of-the art, cost-effective and fully integrated solution that addresses the special needs of operating an independent dealership. Such a package is now available and at an affordable price," said Wayne Jones Wayne Alan Jones born April 24, 1965 in Wolverhampton is an English darts player who plays in Professional Darts Corporation tournaments. He uses the nickname 'Woody' for his matches. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , IADAU. "With ARKONA, dealers now have access to the industry leading management tools they need and a solution that can accommodate growth should the dealer decide to expand to multiple locations or add a service component." "The IADAU's exclusive endorsement of ARKONA is a bold statement of its commitment to research and recommend the best products and services to its dealer members, as well as its confidence in ARKONA," said Alan Rudd, CEO, ARKONA. "This new alliance means independent dealers statewide will finally realize the benefits of a full-featured and integrated ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). information management platform that will keep pace with the most demanding growth curve." IADAU will act as a reference for prospective dealers in-state and nationwide. ARKONA and IADAU will jointly market the dealer solution at conferences, trade shows, road shows and at IADAU's education center. About IADAU The Independent Auto Dealers Association of Utah was formed in 1975 to serve the needs of the independent auto dealer in Utah. IADAU has over 25 years experience in providing services related to the industry such as lobby work, forms & promotional supplies, education, benefits packages and partnership building with state and federal agencies. For more information visit the IADAU Web site at www.iadau.org. About ARKONA Inc. Founded in 1996, ARKONA is a public company and a leader in automotive management solutions. ARKONA's Dealer Management System leads the market in technologically superior solutions for automotive dealers that fully integrate back office systems with a retail Web presence. ARKONA is one of the first automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. Application Service Providers (ASP). For more information, visit the ARKONA Web site at www.arkona.com. This release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as well as historical information. Forward-looking statements, which are included in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, may involve known or unknown risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. Such forward-looking statements speak only as of the date of this release. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in company expectations or results or any change in events. |
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