AUTOCO COM LTD - Retains NetGenesis for Strategic Marketing and Business Development
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Story Filed: Thursday, January 27, 2000 11:34 AM EST
New York, New York, Jan. 27, 2000 (Market News Publishing via COMTEX) -- Autoco.com Inc. ( www.autoco.com) announced that its has entered into an 18-month contract with Vancouver-based NetGenesis Strategic Internet Marketing Ltd. to develop its business and marketing strategies.
NetGenesis will position the Company, Autoco.com (and its subsidiary, TheMotorPages.com), within the industry, implementing several structural changes to strategically position Autoco.com as the premiere automotive Internet portal.
"It is imperative to invest the time and technology to establish Autoco.com as the premiere automotive Internet portal," said Mr. Walter G. Deagle, CEO of TheMotorPages.com. "This investment in infrastructure and technology clearly demonstrates our commitment to industry dealers, and with NetGenesis' marketing objectives, we will be able to quickly respond to the needs of the market with a newly enhanced website."
In addition, its wholly owned subsidiary, TheMotorPages.com, has expanded the Automart Car Care section of their site ( www.themotorpages.com) to allow consumers the ability to search for discount services, such as online coupons and other Internet specials. Dealer reaction to TheMotorPages.com's value-added services has been overwhelmingly positive.
Within the next 12 months, TheMotorPages.com estimates reaching a 12.5 percent market share among dealerships in the Greater Toronto Area. This forecast equates to a 500-dealer membership and an average annual residual revenue of over $2 million at that dealer level. A similar market share in planned expansion areas, Chicago, Cleveland, Detroit and Buffalo would increase the number of dealers to 5,625.
For more information or to request a detailed Investor Package, please contact Mr. James Neil (Investor Relations) at 800-773-7317.
Any statements released by autoco.com that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission.
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TEL: 800-773-7317 James Neil, investor relations of Autoco.com Inc.
Web site:
themotorpages.com
Web site:
autoco.com |
