AutoTradeCenter.com Inc. Enters Into A Vehicle Remarketing Agreement with American Honda Finance Corp.Business Editor SCOTTSDALE Scottsdale, city (1990 pop. 130,069), Maricopa co., central Ariz.; settled in 1895 by Winfield Scott, inc. 1951. It is a resort and retirement center in the Phoenix metropolitan area. , Ariz.--(BUSINESS WIRE)--Feb. 29, 2000 AutoTradeCenter.com Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AUTC AUTC Australian Universities Teaching Committee ) Tuesday announced that it has entered into a vehicle remarketing agreement with 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 Corp. to develop and host their off-lease vehicle disposition Web site. The site will be designed to allow American Honda Finance Corp. to communicate available off-lease vehicle inventory exclusively to the franchised Honda and Acura dealer groups utilizing state-of-the-art technology, thereby increasing efficiencies for themselves and the automobile dealers. American Honda Finance Corp. intends to utilize the company's integrated system to remarket its annual lease portfolio consisting of 150,000 vehicles. American Honda Finance Corp. manager of Lease-end 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. said, "We believe that applying innovative technologies to the inventory disposition process will benefit all parties involved. "We feel this new approach illustrates our commitment to provide the Honda and Acura dealer groups with the most efficient means to better balance their inventories and acquire needed inventory in a more effective manner." Company President Roger Butterwick added, "We are delighted to have the opportunity to provide our B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. technologies to an industry leader such as American Honda Finance Corp. This vehicle remarketing agreement clearly illustrates their commitment to provide the Honda and Acura dealers with leading-edge technology." AutoTradeCenter.com is a leading Internet-based "business-to-business" automotive wholesale and remarketing 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 site also is designed to provide large dealership groups a virtual private network internal inventory service through controlled security access. 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. For more information on AutoTradeCenter.com Inc., please visit http://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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion