Auteo Media Announces Record Revenues, Gross Profits and Financial Results; Company on Track for and Expecting a Profitable 2001.Automotive Writers SEATTLE--(AutomotiveWire)--April 2, 2001 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 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. announced reported sales for the year ending December 31, 2000. Year-over-Year Gross Profits Grow 50% to $818,207 Year-over-Year Revenues Grow 47% to $897,078 Current Assets Current Assets Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year. Grow 69% from year-end 1999 Sales for the year ended December 31, 2000 increased by $286,529 to $897,078, representing a 47% increases over fiscal year 1999. This growth can be attributed to our fast growing operations in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). and continued penetration of Washington. Gross profit for the year ended December 31, 2000 increased to $818,207 from $544,271 in 1999, representing a 50% increase. Selling, general and administrative expenses, increased from $355,207 to $1,281,063 due to continued costs associated with the acquisition of Tysa Corporation, our new corporate office, accounting, legal and other consulting fees, purchase of capital and additional labor costs to handle the increased demand for the Company's existing products and services and development of our new technologies. As a result, net earnings for the year decreased from a gain of $157,842 in 1999 to a loss of $533,421 in 2000. "We are on track with the results of the year and are anticipating becoming profitable again in 2001," stated 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, Inc. The Company reported that it has completed most of the development of its business units and will earn revenues in first quarter of 2001 in addition to it continued revenue growth of existing products. Auteo Media is evolving from its regional, single business model to become a nationally recognized organization offering a portfolio of communications solutions for the automotive industry. The Company has reported excellent revenue growth of its expansion into the northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern automotive market. "Earlier this year we told our shareholders that we will complete development of our business units and earn revenues by year end 2000," Van Leeuwen stated. "We achieved this objective and can now focus on increasing our market share to a broader base of customers with our exciting new products." 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 Northwest and California Dealer Specialties data collection and digital photography services, Contactauto.com, a proprietary, wireless based contact management system to help auto dealers maximize e-commerce customer interactions, Autoloco.com and Bidthatcar.com, providing one-stop convenience for consumers and dealers to locate and buy new and used vehicles and is Partcart.com, a 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" Steve Van Leeuwen, President 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," 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 materially from those anticipated in the forward-looking statements. Factors that could affect Auteo Media's actual results could be influenced by certain risk factors. More information about factors that potentially could affect Auteo Media's financial results 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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