My pick is AUTC, a B2B looking to apply for NAZ listing soon! Check it out.
AUTC (AutoTradeCenter.com) is establishing itself as the leader in B2B solutions for the wholesaling of used cars. AUTC (OTCBB) is a soon to be profitable B2B e-commerce company that is growing its revenue 40-50% per year by specializing in B2B solutions for the wholesale used car and off-lease market, unlike Autoweb and Autobytel which deal in the retail market. AUTC provides online cyber auctions, inventory listing and services, private intranet accounts, manufacturers and consignors portal all by way of virtual private networks (VPN's). AUTC is fully reporting and has an accepted S-1 registration statement filed with the SEC paving the road to an application for NASDAQ listing. For additional information check out AUTC?s website autotradecenter.com and info at AUTC?s newly hired IR firm, deJong -- dejong.org
RECENT DEVELOPMENTS at AUTC
1) AUTC Acquires Automotive Industry Technology Provider, NDSCo.com.
SCOTTSDALE, Ariz., Mar 2, 2000 (BUSINESS WIRE) -- AutoTradeCenter.com Inc. (OTCBB: 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.............
ragingbull.com
From NDSCo.com web site prior to AUTC integration, the NDSAdvantage system offers:
* A complete inventory buying and selling system
* A complete back-end accounting and inventory system that includes purchasing,wholesaling, sales tracking, salesperson?s performance reporting,and leasing/financing tools.
* Direct access to critical business and industry activity, information, and statistics
* Toll-free access to technical support
* Personalized, local service by an NDSCO.com team of over 300 sales representatives
* Vehicle transportation services available through the NDSCO.com fleet of over 350 trucks
The buying process (Re-marketing service) works like this:
* Search the NDSCO.com database by make, model, year, mileage, color, features, or other criteria using a few simple keystrokes
* Locate a vehicle that matches your specific criteria
* View the high-resolution digital images?up to 8 images per vehicle?and zoom in on key areas
* Peruse the vehicle?s 119-point checklist of disclosures and overall condition
* Make your selection and electronically request an authorization to purchase
* Receive an affirmative authorization to purchase and instructions for payment and transportation options
* Send payment directly to seller
* NDSCO.com transfers and forwards the title to you and the transaction is complete!
2) AUTC signs vehicle remarketing agreement with Honda.
SCOTTSDALE, Ariz., Feb 29, 2000 (BUSINESS WIRE) -- AutoTradeCenter.com Inc. (OTC BB: AUTC) Tuesday announced that it has entered into a vehicle remarketing agreement with American Honda Finance Corp. to develop and host their off-lease vehicle disposition Web site. The site will be designed to allow American Honda Finance Corp. to communicate available off-lease vehicle inventory exclusively to the franchised Honda and Acura dealer groups utilizing state-of-the-art technology, thereby increasing efficiencies for themselves and the automobile dealers. American Honda Finance Corp. intends to utilize the company's integrated system to remarket its annual lease portfolio consisting of 150,000 vehicles..............
ragingbull.com
3) AUTC?s most recent PR confirms their desire to file for NASDAQ listing. Excerpt taken from 02/17/00 release:
Company President Roger L. Butterwick stated, ``We are pleased to have the support of the investment community and specifically the commitment made by our most recent private investors. This funding enables us to move forward in the execution of our business plan and, more significantly, allows us to actively pursue our application to NASDAQ.
biz.yahoo.com
4) AutoTradeCenter.com Establishes New Online Web Site for Consumer Trade-Ins
This new site (http://www.tradeincarsonline.com) is the first and only known Web site that will enable a consumer to complete an online new car purchase transaction with a trade-in through Internet buying services such as www.autobytel.com, www.autoweb.com, www.carsdirect.com, and www.driveoff.com.
The company plans to launch www.tradeincarsonline.com prior to March 1, 2000 in the Phoenix market with further plans to expand to 300 cities nationwide.
biz.yahoo.com
5) AutoTradeCenter.com (AUTC) to expand operations.
biz.yahoo.com
6) AUTC hires a new investor relations firm, de Jong & Associates on 01/03/00.
biz.yahoo.com
de Jong (http://www.dejong.org) has recently taken other OTCBB stocks to new highs.HSNS from 0.5 to 15.00 in a year. Also represent MRXX which was mentioned along with AUTC in the Robertson Stephens report. (see below)
AUTC RUMORS--***these are strictly rumors that have been circulating and are not based on any verification or fact****
1). Deals in the works with BMW, Hyundai, Mitsubishi, Chrysler, Toyota.
2). Deals in the works with Hertz, Avis, Budget.
3). Application for a NASDAQ listing.
Company President Roger L. Butterwick stated, ``We are pleased to have the support of the investment community and specifically the commitment made by our most recent private investors. This funding enables us to move forward in the execution of our business plan and, more significantly, allows us to actively pursue our application to NASDAQ.
biz.yahoo.com
4). AUTC purchase of a rival company. Now a fact -- acquisition of NDSCo.com.
5). Expansion of AUTC broker networks in major cities across the US.
6). Partnership with online B2C auto sites for tradeins (www.autobytel.com, www.autoweb.com, www.carsdirect.com, and www.driveoff.com.)
AUTC / CarsDirect.com (Michael Dell) partnership for tradeins?
Now maybe not as crazy as when we first dismissed the rumors. Check out a recent post on the AUTC ragingbull board and the mention of it in the company PR!
ragingbull.com
and from their recent PR -- biz.yahoo.com
7). Expansion of tradeincarsonline.com to 300 major cities across the US.
8). Company's plans extend into the European market. They are currently looking at bringing into their network a group that currently imports and exports used vehicles.
AUTC RESEARCH REPORTS AND ANALYSIS
1) Investrend PAR research report: ****A new research report by PAR should be out shortly with an expected upgrade in the price target.*****
investrend.com
December 6, 1999. Speculative BUY 12 month price target of $5-$7
2) Managesource Research managesource.com
Feb. 8, 1999 increasing from accumulate to BUY. 12 month price target of $6-$9
3) National Capital Companies: autotradecenter.com
March 22, 1999 initiating coverage with STRONG BUY
4) Wall Street giant, Robertson Stephens report on up and coming B2B companies listed AUTC as a B2B company to watch.
autotradecenter.com
5) AUTC mentioned favorably by Wall Street giant, BEAR STERNS geocities.com
6) AUTC was also mentioned in the Individual Investor Report. as one of the best internet stocks to buy now, along with B2B behemoths e.g. CMRC, ICGE, VERT, etc,
"The Best E-Commerce Stocks to Buy Now":
fnews.yahoo.com
7) AUTC Facilitates the On-Line Automotive e-Tail Revolution. by MicroDaddy2000, Feb. 17th, 2000
Companies like ABTL (AutoByTel.com), AWEB (AutoWeb.com) and even companies with diversified business plans like CBLT all have one thing in common: The cars listed on their web sites will ultimately come from AUTC. Here's how......... ragingbull.com
MISC
1) AUTC posts on Ragingbull.com in January increased by 535% indicating accelerating interest in AUTC. No. of posts in Oct. = 181, Nov. = 285, Dec. = 326, Jan.= 1743, Feb. = 1939
2) Number of Market Makers covering AUTC tripled in December. Added a couple more MM's last week, now up to 18 MM's.
3) The weekly up volume/ down volume ratio has been over 1.0 every week except 2 from the begining of November through January indicating heavy accumulation.
AUTC owns the following domain names for future expansion.
businesstradecenter.com
universaltradecenter.com
producetradecenter.com
cycletradecenter.com
rvtradecenter.com
KEY STOCK INFORMATION
COMPANY: AutoTradeCenter.com Inc.
WEB SITE: autotradecenter.com
EXCHANGE: OTC BB, trading symbol- AUTC
52 W LOW/HIGH: $0.65 - $7.62
RECENT PRICE: $4.875
MARKET CAP: $105.3 mln
SHARES OUT: 21,615,530
ESTIMATED FLOAT: 9,000,000
STOCK CHART: tscn.com
INDUSTRY SECTOR: Internet Auto Sales (automotive wholesale and re-marketing co)
BUSINESS MODEL: ``business-to-business' (B2B) e-commerce company
REPORTING STATUS: fully reporting
REVENUE AND PROFITABILITY: Sales for the nine months ended December 31, 1999 were $97,750,480 as compared to sales of $69,600,122 for the nine months ended December 31, 1998.
Revenue growth: an increase of 40% for 9 mo ended Dec., 1999 compared to the 9 mo a year ago. Projected revenue and profitability (by INVESTREND RESEARCH): $0.08 per share profit from sales of $400 million in Fiscal 2001.
EZ |
