** WHY WE LIKE ** IMNI ** (plus news Friday AFTER the close)
I believe it is the future of the car business.
The UNIQUENESS of their program is that it allows people from all over the U.S. to shop for 2% over invoice and then have IMNI arrange to pick up their new car at a LOCAL dealership....very cool!
** Low float (1.5 mil shares)
AND LOOK AT THE REVENUE PICTURE FOR THEM:
2% over invoice profits
A cut of the leasing fee from the leasing company
A cut of the financing fee from the finance companies
A cut of the add-ons: extended warranty, options, etc.
I love their model. and so will yuppies and businesses looking for great deals on a fleet of cars for their employees.
They will also be entering the USED CAR market soon
NEWS AFTER THE CLOSE FRIDAY**:
Shop-the-Net.com Becomes Springboard for AutoSmart USA, Inc.; "Interactive
Convergence" Rev's-Up New Car Sales
JERSEY CITY, N.J.--(BUSINESS WIRE)--March 5, 1999--Shop-the-Net.com the E-Commerce online shopping division of Interactive
Multimedia Network Inc., (OTC BB: IMNI) has become a major "Internet Portal" for successfully catapulting AutoSmart USA, Inc.,
www.autosmartusa.com to the front of the line for the purchasing or leasing of a new car or truck for as low as 2% over factory
invoice.
As a full-service Internet web site devoted to the retail sale of cars, light trucks, SUV's and vehicle accessories,
www.autosmartusa.com allows a consumer to directly purchase a new vehicle without any of the haggling or hassle historically
associated with the car-buying process. Consumers can go to autosmartusa.com and with the click of their mouse, begin the
process of securing the lowest possible price for a new car or truck with the specific options requested and then proceed to finalize
the sale including financing and leasing within minutes.
Shop-the-Net.com ( www.shop-the-net.com ) has established itself as a popular family shopping destination on the Internet. For the
past five years it has offered high quality products with value to the Internet Consumer. www.Shop-the-Net.com provides the
opportunity to purchase a wide variety of products and services including gift items, custom designed jewelry from Italy, baby
products, music, books, etc. Now, Shop-the-Net.com will aggressively promote its new family member AutoSmart USA, Inc.
To increase traffic to the site www.Shop-the-Net.com, IMNI utilizes television exposure, print campaigns in major markets, banner
advertising and search engine registrations. IMNI will "cross market" the Shop-the-Net.com and AutoSmartUSA.com web sites
through a highly visible banner advertising campaign aimed at increasing Shop-the-Net.com's and AutoSmartusa.com's potential
sales volume.
Within the next three months, IMNI intends to provide "Online Auction Opportunities" within Shop-the-Net.com to the entrepreneurial
small business following the dynamic business model made successful by EBAY.com (NASDAQ: EBAY), in an effort to increase
traffic to its web site.
IMNI's marketing strategy is built around "Interactive Convergence", it's innovative e-marketing business model for the sale and
marketing of products and services. IMNI will drive television viewers to AutoSmart USA.com utilizing television exposure on IMNI's
interactive home shopping variety shows which are cross-linked to Shop-the-Net.com and AutoSmart USA.com's Internet new car
showroom. |
