Auto Centrix, Inc. Releases Corrected Analyst Report.TAMPA, Fla. & HALIFAX, Nova Scotia For other uses, see Halifax. Halifax, Nova Scotia may refer to any of the following:
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
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 --Revenues were 4 million and projected to be 8 million for 2005 --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 is engaged in the sale via weekly live auctions of pre-owned vehicles, trucks, boats, motorcycles, and recreational vehicles as well as heavy and light equipment. The Company focuses on the unique needs of the vehicle-remarketing sector of the automotive industry. Auto Centrix provides the technology solutions that enable wholesalers, lease and rental companies, automotive importers, dealerships and manufacturers, to more efficiently and effectively do business. 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 provides the tool necessary to conduct auto auctions every Saturday. This is the only auto auction facility open to the public 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 . Since 2001, Auto Centrix has revolutionized the way vehicles are bought and sold and has garnered a sold reputation along with excellent market recognition. Auctions have grown from a niche clientele of collectors to become 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 auctions 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 via 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. Purchasing and selling vehicles this way guarantees buyers the lowest prices on any vehicle within a specified distance of their home location, and auto sellers can access lists of auto auction online buyers 24/7 and offer their vehicles for sale to any one of the listed online buyers. 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 as well as support us in penetrating the US market." There are no assurances that this stock will achieve our target price of $0.94, but based on revenues going forward it is very possible if ATCX follows its business plan and revenues can double this year, then expect the stock price to go up. The price-to-sales ratio sits at an attractive level currently, and the doubling of revenues should push the price of the stock steadily higher. Unlike earnings, which can be distorted as through gaap or ebitda earnings, revenue is what it is. A price-to-sales ratio under 6 to 1 is a valuable investor component that has proven its worth by the most astute investors of our time. 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. . E-mail- jeffmktadvisors@yahoo.com The information and opinions in this report were prepared by Market Advisors, Inc., located in Nebraska 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, $1,500 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. Market Advisors, Inc. does not disseminate dis·sem·i·nate v. dis·sem·i·nat·ed, dis·sem·i·nat·ing, dis·sem·i·nates v.tr. 1. To scatter widely, as in sowing seed. 2. , nor is it liable for the dissemination dissemination Medtalk The spread of a pernicious process–eg, CA, acute infection Oncology Metastasis, see there by any third party of this fact sheet. 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 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 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 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 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. |
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