CeleXx Corporation Launches Powerful New Application for the Auto Industry.Business Editors/Technology & Automotive Writers 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)--April 28, 2000 CeleXx Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLXX) (www.celexx.com) today announced the formation of the CeleXx Special Applications Group and the launch of a powerful new product that links automobile dealers across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "This unique tool," says Stephen R. Lounsberry, president of the new Group, "is a powerful new business application for tracking, viewing and categorizing inventories off automobiles at new and used car lots across the country. It's a practical application that makes information available instantly to dealers that traditionally require an infinite amount of phone calls." The new product, called Dealer2Dealer®, is a totally web-based application See Web application. that will allow auto dealers to use their PCs to record and track their inventories and movement of new and used cars by 14 key criteria ranging from make and model, to serial number, age, color, accessories, condition, and number of cylinders. CeleXx believes that Dealer2Dealer is unique in the industry and that it will quickly revolutionize the way auto inventories move from dealer to dealer and between auto dealers and automobile auction houses. Says Lounsberry: "It takes the guesswork out of tracking cars and trucks. For a modest monthly fee, an auto dealer can search the entire country for a car of the specific make and model with the accessories he needs. Conversely, he can list his inventory on the site controlling the levels of access by other dealers. Also, since the product is entirely web-based there is no software for the dealer to buy, install or maintain. There is no requirement for extensive training, and new business registration on the site takes minutes." Dealer2Dealer is the first of a series of business-to-business web-based applications planned for launch this year. Vincent Caminiti, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at CeleXx, announced that the new group has been established to coordinate the development and commercialization of software products and applications developed within the CeleXx organization and to aggressively pursue the acquisition and further development of other software applications that are synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. with the company's overall mission of providing end-to-end corporate solutions for its customers. The Private Securities Reform Act of 1995 provides a "safe harbor 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. " for 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. . Certain information included in this Press Release (as well as information included in oral statements or other written statements made or to be made) contains statements that are forward looking, such as those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc consummation of the transaction, anticipated future revenue of the companies and success of current product offerings. Such forward looking information involved important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward looking statements. |
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