AutoInfo Inc. Implement Public Relations and Communications Program Targeting the Financial Community.Business Editors BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Jan. 28, 2002 AutoInfo Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AUTO), a leading third party logistics (3PL) service provider today announced that it has retained Lipman Capital Group Inc. of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. to establish a nationwide investor and financial relation campaign on behalf of the company. The program will focus on increasing AutoInfo's communication with Wall Street and the financial community. Under its agreement with the company, Lipman Capital Group will introduce the Company to institutional investors, fund managers, stockbrokers, investment houses and media executives. This program is being launched following of the company's successful implementation of its business plan. During 2002 and to date, AutoInfo has achieved profitability and has experienced significant period-over-period revenue growth, despite the general US economic slowdown. Harry Wachtel, Chairman 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 AutoInfo, stated, "As our country gears up for a possible war with Iraq and companies are reporting disappointing earnings and revenue growth for 2003, our industry thrives. Our non-asset based platform provides our company and industry with the ability to be elastic during a recessionary period. AutoInfo, through our 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. Sunteck Transport Co., Inc., has rapidly grown over the past twenty-four months. We have built an organization of strong sales, service, and marketing personnel that have established relationships and experience in the logistics industry. We have retained Lipman Capital Group as our independent investor relations Investor relations The process by which the corporation communicates with its investors. and communications consultant to make the financial community aware of our growth story and success. We feel this program will help maximize shareholder value and increase the public flow of information about AutoInfo." About Auto -- AutoInfo, Inc. is a full service third party transportation logistics provider through its wholly owned subsidiary Sunteck Transport Co., Inc. The Company's services include ground transportation coast-to-coast, local pick up and delivery, warehousing, airfreight air·freight n. 1. A system of transporting freight by air. 2. The amount charged for transporting freight by air. air and ocean freight. The Company has strategic alliances with less than truckload Less-Than-Truckload (LTL) shipping is the transportation of relatively small freight. The alternatives to LTL carriers are parcel carriers or full truckload carriers. Parcel carriers usually handle small packages and freight that can be broken down in to units less than 150 US , truckload truck·load n. The quantity that a truck can hold. truckload n → camión m lleno , air, rail and ocean common carriers to service its customers' needs. The Company has full service offices and independent sales agents in eleven states and Canada to service its customers' transportation needs. For more information on AutoInfo Inc please go to www.suntecktransport.com This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties. Actual results or achievements may be materially different from those expected or implied. The Company's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company, including The Company's ability to implement the Sunteck business plan and sustain profitability. Therefore, there can be no assurance that forward-looking statements will prove to be accurate. |
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