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AutoTradeCenter.Com Reports Unaudited First Quarter Revenue of $33 Million -- Up 57%.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--July 6, 1999--

AutoTradeCenter.com Inc. (OTC BB:AUTC) announced today that unaudited revenue for the three months ended June 30, 1999 was in excess of $33 million, an increase of 57 percent over the prior year period.

The company also reported that it was profitable over the same period.

"The first quarter revenue figure shows how fast we continue to grow," stated Mark Moldenhauer, Vice President. "We are very pleased with our sales results and our consistent profitability."

AutoTradeCenter.com is a leading Internet-based "business-to-business" automotive wholesale and re-marketing company. Through its web site, www.autotradecenter.com, the Company markets its service 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.

For more information on AutoTradeCenter.com, please visit www.AutoTradeCenter.com.

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" 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 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 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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Publication:Business Wire
Geographic Code:1USA
Date:Jul 6, 1999
Words:284
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