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Microcap & Penny Stocks : AutoTradeCenter.com (AUTC)

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To: IPOJunkie who wrote ()1/27/2000 3:36:00 PM
From: James E Lynch   of 94
 
(BSNS WIRE) AutoTradeCenter.com Inc. To Expand Operations
AutoTradeCenter.com Inc. To Expand Operations


Business Editors

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Jan. 27,
2000--AutoTradeCenter.com Inc. (OTC BB:AUTC) Thursday announced that
effective Feb. 1, the company has leased additional office space near
its headquarters in Scottsdale.
The company plans to utilize the additional space to accommodate
an anticipated increase in volume and to create a call center for its
vehicle remarketing division.
Company President Roger L. Butterwick said, "This expansion is
yet another key element in the progression of our commitment to
provide enhanced used vehicle remarketing services to our established
dealer base, automotive lease companies, banks and financial
institutions as our off-lease disposition model moves forward.
"We continue to be encouraged by the reception our business model
and Internet technology based applications are receiving in all facets
of the automotive industry."
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 United
States 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 Inc., please visit
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.

--30--twt/ix*

CONTACT: de Jong & Associates
Ron de Jong, 877/943-9065
Fax: 760/943-7164
email: autotradecenter@dejong.org
dejong.org

KEYWORD: ARIZONA
INDUSTRY KEYWORD: AUTOMOTIVE E-COMMERCE INTERNET

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