AutoRush.com Takes The Fast Lane To Launch The Most Consumer Friendly Car Buying Service On The World Wide Web.Business Editors/Automotive Writers LOS ANGELES--(BUSINESS WIRE)--March 7, 2000 AutoRush.Com Selected For The Second Phase Of The DotCom Incubator incubator, apparatus for the maintenance of controlled conditions in which eggs can be hatched artificially. Incubator houses with double walls of mud, a fireroom, and several compartments each holding about 6,000 hens' eggs were developed in ancient times; the Program Sponsored By IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) And Conxion AutoRush.com, a Los Angeles-based start-up founded to offer consumers an unprecedented level of control in the car shopping process, today announced it has been selected for the second phase of the DotCom Incubator program sponsored by IBM and Conxion Corporation, a Tier 1 Internet network and IP services provider. "Consumers view auto dealerships as pressure-filled environments where they must make a significant purchase decision with incomplete information," said Eric Mitchell, co-founder 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 AutoRush.com. "At AutoRush.com, consumers will have the dealers (virtually) coming to them to bid for their business online, instead of traveling from dealer to dealer to negotiate the best price for a new or used vehicle." "Our mission is to enable customers to educate themselves and to fulfill their vehicle purchase painlessly pain·less adj. Free from complication or pain: a painless operation. pain  less·ly adv. and put the fun back in buying a new or used vehicle," Mitchell said. "AutoRush.com gives time and control back to customers by making it easy for them to find, research and buy cars." AutoRush.com's founders will use their participation in the incubator program to accelerate preparations for the initial launch and promotion of AutoRush.com in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Area in August 2000. The DotCom Incubator program sponsored by IBM and Conxion is designed to sponsor 25 companies for each phase of the Incubator program and grant them access to a comprehensive package of hardware, software, training, services and Internet technology infrastructure valued at approximately $1 million, for six months at no cost. Vignette Vignette A symbol or pictorial representation of the corporation on a stock certificate. Usually a complicated and artistic design, it is meant to make the counterfeiting of stock certificates as difficult as possible. , Mercury Interactive For another company with a similar name, see Mercury Computer Systems. HP Mercury (formerly Mercury Interactive) is a subsidiary of Hewlett-Packard that is a market leader in automated software quality assurance and offers products in other areas such as diagnostics, and Servicesoft Technologies are among technology providers offering software and services to participants in the program. Garage.com, an early-stage venture financing venture-financing firm, selected the companies for phase two based on four key success factors: strength of team, market opportunity, stage of development, and need for a long-term, first class Internet infrastructure. To participate, companies must be in the seed stage of technology development where this incubator can make a material difference in their success. The incubator can accelerate early-stage development so startups can prove their concept, raise capital and get to market quickly. The AutoRush.com management team combines experts in business development, strategic entrepreneurship, marketing and branding, along with auto industry expertise to build the company into an Internet auto industry leader. Their experience includes two startups: CarParts.com and Tickets.com, as well as established international corporations, including Oracle, Sony/Columbia, CBS (Cell Broadcast Service) See cell broadcast. , Eastman Kodak, Symantec, Ticketmaster, and Xerox Corporation (company) XEROX Corporation - http://xerox.com/. See also XEROX PARC, XEROX Network Services. . SOURCE: DigitalWork ( http://www.digitalwork.com ) DigitalWork.com -- Your Business Workshop |
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