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Friday March 12, 5:32 pm Eastern Time
Company Press Release
AutoSmart USA Dealer Network Growing as Rapidly as Sales
AutoSmart and Dealer Network make consumer connection work . . .
JERSEY CITY, N.J.--(BUSINESS WIRE)--March 12, 1999-- AutoSmart USA, Inc., a division of Interactive Multimedia Network, Inc., (OTC BB:IMNI - news) offers a unique concept for car and truck buyers. The opportunity to purchase or lease the new car or truck of their choice 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 as smoothly as ordering a pizza . . . ! Consumers can visit 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.
AutoSmart USA is currently negotiating with more than 500 Franchised New Car Dealerships who want to climb aboard the AutoSmart Express as more dealers are contacting AutoSmart on a daily basis.
Under the AutoSmart USA Internet ''Strategic Alliance'' Program for franchised new cars dealerships, there are zero sign-up fees, advertising expenses or monthly maintenance charges incurred by the associate dealer.
Instead, the participating dealer is contacted when an actual sale or lease has been consummated and the vehicle is ready to be delivered. AutoSmart USA does all the work. The participating dealer supplies the vehicle; either from existing inventory or in some instances ''factory ordered'' where specific options are required.
AutoSmart USA believes the Franchised New Car Dealership Infrastructure remains the very ''heart and soul'' of the new car industry and seeks to continue to build and develop mutually beneficial relationships.
AutoSmart USA and its dealer network have also benefitted from the ''Community Environment'' it has established when communicating with perspective new car or truck buyers. AutoSmart USA online starts the process with a prompt and courteous E-mail response; from initial inquiry through a deliberate exchange of makes, models, options and financing, the process turns from one that is impersonal to ''how are you today . . . ?''. Once the E-mail process has made its way to the AutoSmart USA Internet New Car Showroom, the ''automotive consultant,'' continues the ''hands on'' interaction until the deal is completed. This home spun, neighborly ''how are you'' approach is sadly missing from the fabric of our society; AutoSmart USA and its participating dealer network plan to bring it back. ! Our prime business philosophy is, and always will be: ''To make a customer and not just a sale . . . ''
Safe Harbor Disclosure - This Press Release contains or incorporates by reference ''forward-looking statements,'' including certain information with respect to plans and strategies of Interactive Multimedia Network, Inc., Shop-the-Net.com and AutoSmart USA, Inc., and AutoSmartUSA.com. For this purpose, any statements contained herein or incorporated herein by reference that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the forgoing, the words ''believe(s),'' ''anticipate(s),'' ''plan(s),'' ''expect(s)'' and similar expressions are intended to identify forward-looking statements. There are a number of important factors that could cause actual events or actual results of IMNI and its subsidiaries to differ materially from those indicated by such forward-looking statements.
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Contact:
Interactive Multimedia Network, Inc., Jersey City
Richard J. Verdiramo, 888/217-4137
E-mail: verdiramo@shop-the-net.com
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