AUTC) AutoTradeCenter.com Inc. Acquires Automotive Industry TechnologyProvider
Thu Mar 02 11:44:00 EST 2000
SCOTTSDALE, Ariz., Mar 2, 2000 (BUSINESS WIRE) -- AutoTradeCenter.com Inc. (OTC
BB: AUTC) Thursday announced that the company has acquired NDSCo.Com Inc. an
Internet technology provider of automotive business-to-business solutions.
NDSCo.Com was a major competitor of the company in providing technology and
re-marketing services for fleet and off-lease vehicles to manufacturers, car
rental companies and financial institutions.
Company President Roger L. Butterwick stated, "Our acquisition of NDSCo.Com
complements our existing technology and will expand our ability to service other
niche markets. By obtaining their proprietary technologies, key personnel, and
the business relationships they have developed in the industry, we will
accelerate the development of our business plan.
This transaction firmly positions AutoTradeCenter.com as the leader of the
Internet's business-to-business automotive re-marketing solutions. This
acquisition was strategically important in our efforts to rapidly gain market
share by demonstrating our commitment to provide leading edge technology
solutions to the disposition process of used vehicles."
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 United States who can use the site's many
features for more efficient buying, selling and trading.
The company also owns the Web site www.tradeincarsonline.com through its
subsidiary BusinessTradeCenter.com Inc. TradeinCarsOnline is the first Web site
to allow a consumer purchasing a new vehicle online to receive a firm purchase
bid on his trade-in vehicle.
For more information on AutoTradeCenter.com Inc., 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.
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