NEWS!
AutoTradeCenter.com Inc.'s March Sales Increase 100% Over the Previous Year
PR Newswire - April 29, 1999 07:17
SCOTTSDALE, Ariz., April 29 /PRNewswire/ -- AutoTradeCenter.com (OTC Bulletin Board: ANWK) announced today the financial
results for March 1999.
Unaudited sales for the month ended March 31, 1999 were $11,598,916 compared to $5,736,087 for the same period in 1998, an
increase of approximately 100 percent.
"We are pleased to announce such positive financial results for month of March," said Mark Moldenhauer, Vice-President. "These results
very clearly reflect the rapid development of our company. With our strong emphasis on Internet sales and our recent merger with Walden
Remarketing Services, we expect continued growth well into the future."
On April 20, the Company announced a merger with Walden Remarketing Services, a transaction that brings a business re-marketing of
over 100,000 vehicles annually into AutoTradeCenter.com.
AutoTradeCenter.com is a leading Internet-based "business-to-business" automotive wholesale and re-marketing company. On 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 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 or the company's home site www.anwk.com.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of
section 27 A of the Securities Act of 1933, Section 21 E 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.
CONTACT: Gerry Richards, Investor Relations of M&A West, Inc., 650-588-2678, or info@mawest.com, for AutoTradeCenter.com.
SOURCE AutoTradeCenter.com
/CONTACT: Gerry Richards, Investor Relations of M&A West, Inc.,
650-588-2678, or info@mawest.com, for AutoTradeCenter.com/
/Web site: autotradecenter.com |
