Auteo Media's PartCart Revenues Begin; Auteo Media's Auto Part and Accessory Site Has Begun Earning Revenues by Offering Top Auto Parts at the Lowest Prices.Business Editors/Automotive Writers SEATTLE--(AutomotiveWire)--Dec. 20, 2000 Auteo Media, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AUTM AUTM Association of University Technology Managers AUTM Authorised Unusable Time (Loran-C System) ), a leading provider of point-of-purchase marketing and internet-based communication services to the 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. , announced today that its PartCart(TM) website (PartCart.com) is accepting orders and recording revenues for the Company. PartCart accesses over 1,000,000 parts from over 100 top automotive aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. manufacturers. The site is positioned as no-frills, low-price, with savings being passed on to auto hobbyists and automotive businesses. Parts listed on the site are `real-time' and available for immediate shipping. "By offering fast shipping at low prices we can give auto part buyers, service centers and installers a much better alternative than the auto part stores," claimed Steve Van Leeuwen, President and 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. of Auteo Media. The Company does not have to inventory items or incur overhead as with many large-scale e-commerce sites. Auteo Media has created an alliance with a top wholesaler to offer specialty parts at a fraction of the standard selling price to its shoppers. PartCart carries complete lines of product from such well-established companies as Warn, Edelbrock, PiAA, and Auto Meter. "Now that PartCart is earning revenues for Auteo Media, we have been able to show how our diversified and yet synergistic business model will increase the success of the company over time," stated Van Leeuwen. "PartCart is strategically ideal for Auteo Media, since we can cross-market at no cost to our national dealer database and to thousands of consumers visiting our Autoloco site." About Auteo Media, Inc. Auteo Media, Inc., (OTCBB:AUTM) is a leading provider of online data and media solutions to buyers and sellers of autos and auto accessories. Auteo Media operates Autoloco and Bidthatcar.com, web sites that provide one-stop convenience for consumers and dealers to locate and buy new and used vehicles. Auteo Media has recently launched PartCart, a web based Coming from a Web server. See Web application. OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
BY ORDER OF THE BOARD OF DIRECTORS Steve Van Leeuwen, President NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). has neither approved nor reviewed the information contained herein. Some statements in the report are forward looking and are subject to certain risks and uncertainties. These risks and uncertainties include, but are not limited to, economic conditions, changes in law or regulations, demand for products and services of the company and the effect of competition. These risks and uncertainties could significantly affect anticipated results in the future and actual results may differ materially from any forward-looking statements. SOURCE: Auteo Media, Inc. |
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