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Auto Centrix, Inc. Releases Analyst Report.


TAMPA, Fla. & HALIFAX, Nova Scotia For other uses, see Halifax.
Halifax, Nova Scotia may refer to any of the following:
  • Halifax Regional Municipality, capital of Nova Scotia, Canada
 -- Auto Centrix, Inc. (ATCX.PK) today released an analyst report on their company prepared by Market Advisors Inc. The complete unedited text of the report is as follows:
Stock Symbol -      ATCX.PK
Shares -            71,050,299
Float -             4,161,500
Recent price -      $0.20
Short term price -  $0.94
Web Site -          www.autocentrix.com
Phone -             1-888-478-4346



NEWS FLASH: Internet auctions have become a place for businesses of all sizes to make money. Conservative estimates by Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
  • Founded: 1983 by George F.
 show that online auctions are the wave of the online future. Auctions were once viewed as a "last resort" method to dispose of To determine the fate of; to exercise the power of control over; to fix the condition, application, employment, etc. of; to direct or assign for a use.

See also: Dispose
 property. That has completely changed as they are currently seen as a primary means of selling or buying anything and everything imaginable i·mag·i·na·ble  
adj.
Conceivable in the imagination: imaginable exploits.



i·mag
. This allows auction users to maximize their revenue above any other method.

Internet use to purchase vehicles and equipment has shown a dramatic increase. Wholesale vehicles purchased by dealers via the Internet have quadrupled from 12% in 2000 to 48% in 2003. 2004 is ahead of that pace.

Auto Centrix, Inc. (ATCX.PK)

Investment Highlights

--Strategic alliances like the one with Vortex Solution Inc. that has extensive experience in online solutions for this sector

--Online use has seen a dramatic increase for purchasing autos

--This is a ground floor opportunity for investment capital

--The executive management team at ACTX ACTX Active X  brings with them an extensive and diverse background in various industries, and in particular, 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.  

Auto Centrix, Inc., based in Halifax, Nova Scotia, provides the technology solutions that enable wholesalers, lease and rental companies, automotive importers, dealerships and manufacturers to more efficiently and effectively do business. The Company focuses on the unique needs of the vehicle-remarketing sector of the automotive industry. Through their wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, Dominion Auto Auctions, Auto Centrix is engaged in the sale of pre-owned vehicles, trucks, boats, motorcycles, and recreational vehicles as well as heavy and light equipment via weekly live auctions. This is the only weekly public auto auction facility in Nova Scotia Nova Scotia (nō`və skō`shə) [Lat.,=new Scotland], province (2001 pop. 908,007), 21,425 sq mi (55,491 sq km), E Canada. Geography
. Over the past three years the executive management team has extensively researched all aspects of the automotive industry, changing industry trends, and the elements missing from current technologies. Auctions have grown from a niche clientele of collectors to a mainstream vehicle for online purchases. A recent survey by Nielson//Net Ratings reported that more than 6.2 million consumers conducted online transactions at auction sites last month, a 22% increase from the 5.1 million that did so in May of 2000. In North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , the remarketing industry is estimated to be $78 billion, while the used vehicle market has risen to approximately $390 billion.

SERVICES

The Company has the technology that allows for a simulcast auction broadcast system on the Internet with real time audio and video, thereby allowing users around the globe the ability to bid on vehicles physically being auctioned in a bricks and mortar A store (shop, supermarket, department store, etc.) in the real world. Contrast with clicks and mortar.  auction house. 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
 also offers a proxy bid Proxy bidding is an implementation of an English second-price auction used on eBay, in which the winning bidder pays the price of the second-highest bid plus a defined increment.  salvage salvage, in maritime law, the compensation that the owner must pay for having his vessel or cargo saved from peril, such as shipwreck, fire, or capture by an enemy. Salvage is awarded only when the party making the rescue was under no legal obligation to do so.  auction module, complete with proxy bid technology, conditioning reports and innovative search and reporting capabilities. Purchasing and selling vehicles through the Internet allows buyers to compete for the lowest prices on any vehicle in an unlimited geographic market, from their own physical location. Auto sellers can access multiple on-line auto auctions as well as potential buyers 24/7. Auto Centrix 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.  David Highmore recently stated that, "The simulcast auction software is an integral part of our business plan that will substantially increase our revenues for the coming year." We feel that steadily rising revenues could prompt the stock price to rise significantly.

The Company will exploit various technological mediums, which facilitate the purchase, sale and re-sale of vehicles. This means lowering costs, expanding geography, and expediting the sales process A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation. , while securing the integrity of the vehicle information. ACTX is totally aware that cars come in a great many variations of degree and quality, and they will always provide a survey of a particular vehicle's condition to ensure fair and honest auto auctions online participation.

ANALYST - Officers of Market Advisors, Inc. have been in business since 1983 and have provided stock market research for their clients since 1985. Company officials have been frequently quoted in a wide array of financial publications such as the Wall Street Journal, Investors Business Daily, Barron's, The Dick Davis Digest, Moniresearch and many others. We have on our staff the former editor of the Marketarian Newsletter, a nationally syndicated stock market newsletter published for over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights.
     2.
.

ANALYST - Jeff Helleberg has over twenty years in the business and has been lead analyst for Market Advisors since 1985. Mr. Helleberg has been frequently quoted in a wide array of publications such as the Wall Street Journal, Barrons, Investors Business Daily, The Dick Davis Digest and many more. Jeff was the editor of the Marketarian Letter, a nationally syndicated stock market newsletter for over 14 years.

The information and opinions in this report were prepared by Market Advisors, Inc., which has at times served as financial relations counsel to the featured company and does receive fees for services including preparation of this report. For this report, $2,000 was received from a non-affiliated third party. This is not an offer to buy or sell securities nor should this report be construed as investment advice. Information or statements are subject to numerous risks and uncertainties that cause such statements not to prove accurate. For a more detailed disclaimer please contact MA.

About Auto Centrix,Inc

Auto Centrix, Inc., which operates a "bricks and mortar" automotive auction under the Dominion Auto Auctions name, 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. ACI currently holds the world-wide rights to a online real-time simulcast auction system currently being used across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET.  and a Proxy Bid Salvage Auction software which utilizes a proxy bid capability whereby bidders can set their maximum bid on a unit and the system will do the bidding for them up to that set amount. The software module also offers in-depth condition reporting as well as advanced search and reporting functionality.

For more information, go to www.autocentrix.com

'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.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 29, 2004
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