Auto Network USA Selected as One of 80 Worldwide to Participate in Discovery Expo '98, October 20, in New York City.SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Oct. 12, 1998--Auto Network USA (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ANWK) will be among 80 of the top growth companies in the world to gather October 20 at Discovery Expo '98 to meet 1,000 Wall Street movers and shakers at the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Hilton and Towers. This sixth in a unique series of Discovery Expos was organized by the Investment Reporter, a Newport Beach, Calif.-based financial newspaper, to bring together undiscovered companies with high-profile growth fund managers, analysts, stockbrokers and sophisticated investors in a one-day event one-day event a contraction of the three-day event but like that contest is aimed at selecting the best all-round horse and rider. The events usually contested are show-jumping, dressage and cross-country. . These key players will have a chance to become acquainted with the products, top executives and future outlook of participating NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on and OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. listed firms whose stock represents opportunities for appreciation. "When you're a mid-cap or small-cap company you tend to fall off the financial radar screen no matter how well you're doing financially," said John Robbins, publisher of The Investment Reporter, host of the Discovery Expos. "The financial world needs to find growing companies whose shares have further upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar and these companies want to be discovered. Expo '98 is a convenient way for them to find each other." Auto Network USA (AUTONET) is the fastest growing, publicly-held wholesaler of used late model and luxury automobiles in the country. The Company is capitalizing on the billion-dollar wholesale market by focusing operations in strategic segments of the country. AUTONET's strategy is to gain market share in key urban areas by acquiring and consolidating the independent automobile wholesaling companies. This strategy will provide the company with access to a large and growing volume of high-quality late model and luxury automobiles. It will also allow AUTONET to take advantage of geographical disparities in the value of cars. |
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