Car Dealers Now Transacting Pre-Owned Inventories Over the Internet
Hollywood, CA-Emerging Company Report, (http://www.emergingcompany.com), features an interview this week with AutoTradeCenter.com (OTC-BB: AUTC).
AutoTradeCenter.com CFO Roger Butterwick explained his company's Internet site, which enables car dealers to buy and sell pre-owned inventories over the Internet. “We primarily deal with inventory which is coming off a lease or purchase contract that is three years old or newer,” he said. “We offer the dealers a firm bid price for the car and in turn, they can search our site to obtain vehicles they need for their customers.”
The company reported revenues in their first full year of operation of $97 million. In the first quarter of 1999, reported revenues reached the $33 million mark.
Previously featured companies whose progress is updated on Emerging Company report this week include;
M & A West, Inc. (OTC-BB: MAWI) President & CEO Scott Kelly described his company as one which was formed to provide guidance for small public companies and companies looking to enter the public market.
Universal Ice Blast, Inc.'s CEO Rory Clarke announced sales contracts with the U.S. Navy, the U.S. Marines and Ford Motor Company (NYSE: F).
Also: ISM Holding Corporation (OTC-BB: ISMH), Micro-Laboratories, Inc. (OTC-BB: MLAR), Action Sports International, Inc. (OTC-BB: ACTB, Consolidated Data, Inc. (OTC-BB: CSDD), Planet City Software (OTC-BB: PINC), Itronics, Inc. (OTC-BB: ITRO), The Entertainment Internet, Inc. (OTC-BB: EINI) and Saf-T-Hammer Corporation (OTC-BB: SAFH).
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