NEWS!
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.
CONTACT: M&A West, Inc.
(Investor Relations)
Gerry Richards, 650/588-2678
info@mawest.com |
