Auto Centrix, Inc. Corporate Update.TAMPA, Fla. -- (PK.ATCX) Since the closing of the exchange agreement with Teleon and Auto Centrix, Inc. the company has been executing its new business plan reports 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. David Highmore. "I would like to bring the current shareholders up to date with our successes. We have successfully gone public with our exchange agreement with Teleon and the result will increase our ability to finance our future growth. In addition we will have new access to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. market and increased visibility to the Canadian market." Auto Centrix Inc. acquired 100% of Dominion dominion, power to rule, or that which is subject to rule. Before 1949 the term was used officially to describe the self-governing countries of the Commonwealth of Nations—e.g., Canada, Australia, or India. Auto Auction Group Inc., which offers weekly public and wholesale auctions of pre-owned passenger vehicles, heavy and light duty trucks, marine and recreational vehicles, as well as heavy equipment. The acquisition will add approximately $4,000,000 (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) in sales to ACI ACI American Concrete Institute ACI Arch Coal Inc ACI Airports Council International (formerly Airport Associations Coordinating Council) ACI Automobile Club d'Italia ACI American Competitiveness Initiative and provide a valuable platform from which to launch ACI's suite of technological products. "As we are building our platform in the coming months," stated Highmore, "we have targeted a number of additional acquisitions and synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. technologies. We are committed to building Auto Centrix, Inc. into a major player within the auto re-marketing industry." Auto Centrix, Inc. focuses on various technological mediums which facilitate the purchase, sale and re-sale of vehicles, thereby lowering the costs, expanding the geography, and expediting the sale processes, while securing the integrity of the vehicle information. The products and services have been designed with the flexibility and scalability to interface with their clients existing systems. 'Safe Harbor' statement under 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: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. |
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