AutoTradeCenter.com Inc. Announces National Roll-Out Schedule for American Honda Finance Corporation Web Site.Business Editors/High Tech and Automotive Writers SCOTTSDALE, Ariz.--(BUSINESS WIRE)--May 9, 2000 AutoTradeCenter.com Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AUTC AUTC Australian Universities Teaching Committee ) announced today that the Company has successfully completed the first phase of its remarketing solution for American Honda honda a quick release metal eyelet for the end of a lariat. When the restrained animal is no longer required it is not necessary to slacken off the loop and pull it over the head—a very great advantage when working with wild cattle or unbroken horses. Finance Corporation and will complete its national introduction May 18th through June 7th. The Company has designed and implemented a virtual private network on its Web site for American Honda Finance Corporation to facilitate the remarketing of off-lease vehicle inventory exclusively to the franchised Honda and Acura dealer groups utilizing state-of-the-art technology, increasing efficiencies for themselves and the automobile dealers. The program, known as the Honda Finance Vehicle Inter-dealer Purchase System, or HF VIP, provides the Honda and Acura franchised dealers with a virtual private network for the purchase of approximately 150,000 Honda Finance off-lease vehicles annually. David Langley Lang·ley , Mount A peak, 4,227.9 m (14,026 ft) high, in the Sierra Nevada of southern California. lang·ley n. pl. , Manager of Lease-End Remarketing for American Honda Finance Corporation said, "This program was created as a result of a direct request from our Dealer Advisory Board. The Honda Finance VIP Website was designed to provide our dealers the most efficient means to track and purchase the vehicles they need at the earliest possible point in the disposition cycle. American Honda Finance is committed to the development of innovative Internet marketing See Internet advertising. solutions utilizing cutting edge technology." The VIP Web site was put to the test in the West. Honda and Acura dealers in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). were introduced to the site by the HF VIP AutoTradeCenter Remarketing Services support team. David Langley continued, "The VIP support team provides live assistance to our dealers, thereby delivering the highest possible participation level and the highest quality online experience." "Virtually all California Honda and Acura Dealers have registered a minimum of two authorized users authorized user Radiation physics A person who, having satisfied the applicable training and experience requirements, is granted authority to order radioactive material and accepts responsibility for its safe receipt, storage, use, transfer and disposal per dealership," stated Colette Marcilliat, president of the Company's subsidiary AutoTradeCenter Remarketing Services. "In preparation for the national roll-out of the program, a pre-registration campaign was conducted by our VIP support team. Over eighty percent of the remaining Honda/Acura dealers have completed their VIP enrollment and we anticipate 100% participation by June 7th." "Our initial market results indicate a resounding re·sound v. re·sound·ed, re·sound·ing, re·sounds v.intr. 1. To be filled with sound; reverberate: The schoolyard resounded with the laughter of children. 2. acceptance of our system," said Company president Roger L. Butterwick. "The Honda and Acura dealers in our test region, as well as American Honda Finance Corporation, are achieving significant benefits through the use of our technology. We believe the AutoTradeCenter.com team approach will consistently deliver the most effective online remarketing programs. The Company expects to share empirical results no later than the first week of June." AutoTradeCenter.com is the leading Internet-based "business-to-business" automotive wholesale and re-marketing company. On its web site, www.autotradecenter.com, the Company markets its services to its national dealer base, to automotive lease and rental companies, and to banks and financial institutions across the U.S. who can use the site's many features for more efficient buying, selling and trading. The Company also owns the Web site www.tradeincarsonline.com through its subsidiary BusinessTradeCenter.com Inc. TradeinCarsOnline is the first Web site to allow a consumer purchasing a new vehicle online to receive a firm purchase bid on his trade-in vehicle. TradeinCarsOnline recently signed an agreement with Autobytel.com. For more information on AutoTradeCenter.com Inc., please visit www.autotradecenter.com. Statements regarding financial matters in this press release other than historical facts are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in 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. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. |
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