Does anyone know when the next quarterly earnings report will be released. It must be soon (end of Nov.).
regards,
KevinT
News:
Wednesday November 17, 8:15 am Eastern Time
Company Press Release
AutoSmart U.S.A. Enters Exotic and Collectibles Market With Silent Auctions
AutoSmart U.S.A. Expands Pre-Owned Luxury Division
JERSEY CITY, N.J.--(BUSINESS WIRE)--Nov. 17, 1999--In a natural extension of its present business, Interactive Multimedia Network, Inc., (OTC BB:IMNI - news), through its wholly-owned subsidiary AutoSmart USA, Inc., will expand its inventory of luxury pre-owned automobiles as well as make available to its clients a selected inventory of luxury exotic and rare vintage automobiles.
Fast becoming a major Internet portal for online sale of new cars, trucks, and SUV's, www.AutoSmartUSA.com has expanded its pre-owned luxury car division and expects to additionally increase its bottom line by adding exotics and collectibles to its menu.
Many of the exotic and rare vintage special edition cars will find their way into the ``silent auction' category that will be expanded to include cybercast live auction events.
William J. Auletta, president of AutoSmart USA, states, ``To enter the lucrative online automotive auction business is a natural extension of our present business. We currently offer luxury pre-owned automobiles through our site; we have the inventory as well as the hardware/software configuration to handle the requests; and we have the marketing expertise to enter the arena with other new entries such as Autobytel (NASDAQ: ABTL - news). Making available to our growing audience a selected inventory of quality luxury cars and a handpicked selection of rare vintage cars is a perfect match and a natural adjunct to our product line.'
The first ``silent auction' presented by AutoSmart USA contains a grouping of special interest, collectible, exotic and sports cars from the private collection of one of America's premier collectors. Among the treasure trove of pristine luxury cars to be offered are: A 1969 Mustang Mach 1 with 393 miles. The world's only Aston Martin Lagonda Limousine, a 1973 Ferrari special ``Type A' 440 HP 365/GTB/4 Daytona Coupe with 33,392 miles, a 1981 Ferrari BB/512 Boxer with 9,982 miles, Salt Wather's 1963 Corvette split-window coupe, a 1988 Aston Martin Volante with 7,426 miles and a 1950 Austin Princess originally owned by the Royal Family of Great Britain.
Small-Cap Company's Marketing Expertise Allows It to Compete in Dynamic Online Automotive and Boating Marketplace...
A recent edition of Automotive News, included information from Forrester Research, which estimated e-commerce based auction figures should reach $52.6 billion by the Year 2001. The market research firm, J.D. Powers and Associates reports that 40% of new-car shoppers researched their purchases on the Internet in the first quarter of 1999 and that number is projected to jump to more than 65% by 2001.
In the November 1999 edition of Boating Industry Magazine, there is an entire section devoted to the growth potential of Internet based boat sales. This industry appears to be mirroring the substantial growth of online automotive sales.
AutoSmart USA and BoatSmart USA continue to increase its exposure as the Internet expands to reach millions of consumers in search of higher-priced consumer goods.
Parent company IMNI's corporate management team has 25-plus years' experience in marketing product and was farsighted enough to be on the ground floor of Internet e-commerce over six years ago. Corporate Marketing states, ``It takes more than a registration form to make the sale in high-priced items. We are not a referral service; we sell you the car or boat. Developing a promotional marketing strategy to create 'brand awareness`` for both www.autosmartusa.com and www.boatsmartusa.com and putting in place an appropriate dealer network was no simple matter. AutoSmart USA's trained professionals coordinate all of the time-consuming and detailed information necessary to complete each transaction smoothly, ensuring that the consumer gets the best possible price and financing, protecting the consumer's right to no-hassle delivery of their car or boat.'
Safe Harbor Disclosure - This Press Release contains or incorporates by reference ``forward-looking statements,' including certain information with respect to plans and strategies of Interactive Multimedia Network, Inc., Shop-the-Net.com and AutoSmart USA, Inc., AutoSmartUSA.com, BoatSmartUSA.com, Inc. and BoatSmartUSA.com.
For this purpose, any statements contained herein or incorporated herein by reference that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the forgoing, the words ``anticipate(s),' ``believe(s),' ``expect(s),' ``intend(s),' ``plan(s),' ``potential(ly),' ``project(s)' and similar expressions are intended to identify forward-looking statements.
There are a number of important factors that could cause actual events or actual results of IMNI and its subsidiaries to differ materially from those indicated by such forward-looking statements.
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Contact:
AutoSmart, Jersey City
Richard J. Verdiramo, 888/217-4137
verdiramo@shop-the-net.com
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