Speaking of EDGAR filings...
NVDC SEC Filing Points To IPO
Navidec NVDC is the internet company that owns a nationwide online auto selling
network in conjunction with Bank One and partnered with CBS. An interesting detail
showed up on Navidec board at Yahoo which appears to be part of a recent SEC filing
pointing to the possibility of an IPO of the online auto business-
"Prospectus Supplement to Prospectuses Dated July 22, 1998 and February 4, 1999
NAVIDEC, Inc. (the "Company") reported in its quarterly report on Form10Q-SB for the
quarter ended September 30, 1998 as filed with the Securities
and Exchange Commission on February 4, 1999 that the Company is considering a
strategy to establish a new entity for its Internet based auto buying
solutions. Those auto buying solutions include US Wheels.com, CarWizard.com and
LeaseSource.com.
The Company believes that the establishment of a separate entity for its auto buying
solutions group may be a way to realize value due to the current
interest in and high demand for online car buying. The Company's auto buying solutions
provide consumers with a convenient method to research, find and
finance new and used cars. If a new entity is established, the Company anticipates that
the new entity will, independently of the Company, raise
capital through a private and/or public offerings of its securities.
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