More good news! Banc One affiliation.
Tuesday November 24, 8:15 am Eastern Time
Company Press Release
SOURCE: Navidec Inc.
Bank One, KTVT-TV and Navidec Launch MetroplexWheels.com Online Auto Buying Solution
DALLAS, Nov. 24 /PRNewswire/ -- Metroplex residents searching for an easier way to shop the area's auto lots can now view more than 2,000 vehicles in Dallas-Fort Worth with the click of a mouse. MetroplexWheels.com, an online automotive shopping service, was launched today by Banc One Credit Company, the indirect automotive financing unit of Finance One Group, a subsidiary of BANK ONE CORPORATION (NYSE: ONE - news); Dallas-Fort Worth's KTVT-TV; and Navidec (Nasdaq: NVDC - news), a leading Internet developer.
Users visiting MetroplexWheels.com can research and compare vehicles, locate the vehicle they want at an area dealer, and finance their purchase through Banc One Credit Company. Currently there are nine dealer franchises and 11 manufacturers represented on the site, which is expected to attract a majority of the Metroplex's dealers in the coming months.
''MetroplexWheels.com gives people a fast and convenient way to shop local car lots from their home or office, while helping auto dealers reach more customers,'' said Don Winkler, chairman and CEO of Finance One Corporation. ''This is a win-win program that BANK ONE is proud to bring to the Metroplex.''
Banc One Credit Company and Navidec have launched similar sites in Denver at www.coloradowheels.com, Portland, Ore. at www.northwestwheels.com, Salt Lake City at www.utahwheels.com and Phoenix at www.arizonawheels.com, with additional sites to be announced in Los Angeles, San Francisco, Oklahoma City, and York, Pa.
Banc One Credit Company, based in Phoenix, is the nation's second-largest bank-owned provider of automotive financing, with over $23 billion in managed assets. It is a unit of the Finance One Group, the consumer finance, mortgage, and indirect auto lending subsidiary of BANK ONE CORPORATION. Headquartered in Chicago, BANK ONE is the nation's 5th largest bank holding company, with assets of more than $235 billion. BANK ONE is a major corporate bank nationally and in selected international markets, the nation's largest credit card lender, the leading retail bank in eight states, the third-largest bank mutual fund company, and one of the nation's largest lenders to corporations and small businesses.
Navidec Inc., based in Englewood, Colorado, is a leading national provider of products and solutions that use web-based technologies to achieve its customers' business objectives. From commercial web site development to the design and implementation of intranet and extranet applications and tools, Navidec helps customers develop successful online solutions. The company's premier vertical market focus is on the automotive industry with its USWheels.com online automotive sales solution. Navidec partners with BANK ONE and regional media outlets to produce Wheels portals in markets nationwide. The company's web site address is www.navidec.com.
All statements in this press release, other than historical facts, are forward looking statements. These statements are based on certain assumptions and analyses made by Navidec in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Such statements are subject to a number of risks and uncertainties, including general and economic business conditions, demand for automobiles, competition from other automotive online services, market acceptance of the Wheels solutions, the ability of Navidec to reach agreements with local media partners and other risk factors indicated from time to time in Navidec's filings with the Securities and Exchange Commission. Those filings are available online at www.freeedgar.com.
SOURCE: Navidec Inc. |
