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(PR Wires) DJ: Oklahomans Now Buying New and Used Vehicles at OklahomaW
DJ: Oklahomans Now Buying New and Used Vehicles at OklahomaWheels.com
Oklahoma City and Tulsa Are Newest Active Cities in the USWheels.com Network
DENVER, March 18 /PRNewswire/ -- Auto buyers in Oklahoma City and Tulsa
searching for a faster and easier way to make their purchase can now use
OklahomaWheels.com to research, finance and buy a new or used vehicle from
32 top dealerships in Oklahoma. Site visitors can use the site to search a
continually updated database of nearly 4,000 vehicles ready for delivery on
the lots of the participating dealerships.
Launched in partnership with Oklahoma City's CBS affiliate, KWTV and Tulsa's
CBS affiliate, KOTV, OklahomaWheels.com is part of the USWheels.com network
of online automotive web sites developed by Denver-based Navidec Inc.
(Nasdaq: NVDC). While Oklahoma's auto buyers benefit from the vast
selection on the site, OklahomaWheels.com dealers also benefit by receiving
purchase requests from Navidec's growing automotive network. Navidec's
automotive network contains some of the Internet's most successful
automotive web sites including Excite Classifieds, CarWizard.com,
CBS.CarWizard.com and LeaseSource.com.
"OklahomaWheels.com marks a milestone in the national growth of our
USWheels.com network," said Ralph Armijo, president and CEO of Navidec Inc.
"We have successfully provided Oklahomans with one web site that speeds and
simplifies every aspect of buying a new or used vehicle."
Auto buyers visiting OklahomaWheels.com will find a one-stop online auto
buying solution. The site provides more than 100,000 pages of updated
vehicle information to help consumers determine what vehicle is right for
them. After deciding on a vehicle, consumers can search the inventory by
vehicle make and model, year and price. After finding the vehicle they want
to buy, consumers can submit an online purchase request and even get
approved financing within a matter of hours.
"One of the many benefits of OklahomaWheels.com is that it provides Internet
users across the state with one web site to research, finance and buy a new
or used vehicle," said David F. Griffin, president and general manager of
KWTV. "Rather than driving all over the region to see what is on a dealer's
lot, Oklahomans will now use the Internet to shop the state's top auto
dealers."
OklahomaWheels.com joins 12 other regional USWheels.com markets. Navidec
expects that USWheels.com will penetrate 40 of the nation's top automotive
markets by the end of 1999. This growth should help Navidec capitalize on
the growing online automotive market.
"In trying to find the perfect online automotive solution for our viewers
and our dealer advertisers, Tulsa's KOTV considered numerous options before
deciding that Navidec's USWheels.com solution was the perfect fit," said
KOTV President and General Manager, Ron Longinotti.
Forrester Research reports that in 1998, more than 2 million consumers used
the Internet in their new car purchase. This number is expected to be
nearly 8 million by 2003 when an estimated half-million vehicles will be
purchased completely online.
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.
/CONTACT: Media: Andrea Pearson or Andy Mountain of Navidec Inc.,
800-797-7565; or Broker: Len Turano of TKO International, 303-850-7896/
08:15 EST
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