Auteo Media Announces Preliminary Q4 Revenues and Gross Profits.Business Editors & Automotive Writers SEATTLE--(AutomotiveWire)--Feb. 5, 2002 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 communication and development solutions for 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. , today reported un-audited, preliminary revenue and gross profit results for the fourth quarter ended December 31, 2001. -- Year-over-Year Revenues Grow 88% to $439,200 -- Year-over-Year Gross Profits Grow 93% to $408,700 or 93% of Revenues Steve Van Leeuwen, 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, commented, "We are proud of another strong quarter in revenue, gross profit and a continued a trend of success in a difficult economy." "Our business was assisted by aggressive, new vehicle finance programs offered by manufacturers that resulted in a flood of used vehicle trade-ins," stated Van Leeuwen. The Company will report their audited, Q4 and fiscal year 2001 financials, March 8th of 2002. Auteo Media, Inc., (OTCBB:AUTM) is a recognized pioneer and share leader in the automotive information industry. We offer west coast auto dealerships a powerful suite of e-business systems including digital data and photo collection, customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) applications, web site development and hosting services, and e-commerce tools. Headquartered in Seattle, Wash. since 1997, we are positioned with our clients as a one-stop partner; enabling sales teams to best serve the Internet consumer. Visit www.auteo.com for current information. CAUTIONARY STATEMENT: 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. Certain statements contained in this press release are "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. " within the meaning 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. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential" or "continue," as well as the negative of these terms or other terminology. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ. More information about such risks and uncertainties are included in Auteo Media's most recent annual report on Form 10K. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as to the date of this release. Auteo Media undertakes no obligation to update any forward-looking statements. |
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