To: Robert B. who wrote (11310 ) 2/11/2000 12:49:00 PM From: MMM Mule Respond to of 19297
Another B2B auto website...AOOO Autoco.com Subsidiary TheMotorPages.com Launches Proprietary - Online Tendering System for Virtual Private Dealer Network Enables Member Dealers to Purchase Vehicles from a Larger and Broader Base of Wholesale Auctions and Showrooms MINNEAPOLIS, Feb 11, 2000 /PRNewswire via COMTEX/ -- Autoco.com, Inc. (OTC Bulletin Board: AOOO) today announced that its TheMotorPages.com subsidiary, an Internet portal that promotes, locates and facilitates the sales of automobiles and automotive products, recently launched a customized online tendering system designed for the Virtual Private Dealer Network back-end portion of www.TheMotorPages.com. The subsidiary explained that the online tendering system will provide members of the Virtual Private Dealer Network with a value-added service designed to increase the dealers' cost efficiencies by reducing the time and expense of visiting wholesale auctions and showrooms. By enabling dealers to view wholesale auction and showroom inventories online and submit purchase tenders through TheMotorPages.com, the subsidiary will enable dealers to gain exposure to a greater number of wholesale auctions and showrooms within the dealer's local area and across state borders. "The online tendering system is evidence of TheMotorPages.com's commitment to deliver the premier tool for automotive dealers across the country, and is the most significant value-added service incorporated into the portal thus far," commented TheMotorPages.com CEO Walter Deagle. "The overwhelmingly positive reaction from dealers to value-added services introduced to TheMotorPages.com over the past 12 months is very encouraging, and supports our strategy of continuing to expand the portal's service offering. As a result of further enhancements to the site, we believe it can surpass $13 million in average annual residual revenues from the Greater Toronto Area alone -- with the opportunity to add another 5,000 dealers to our Virtual Private Dealer Network through geographic expansion in the U.S.," Deagle concluded. TheMotorPages.com and its online tendering system is currently available to dealers, although the official launch of the portal and the subsidiary's latest value-added service will occur in Toronto on Monday February 14, 2000. This official launch will occur simultaneously with announcements regarding several strategic national alliances that represent considerable advantages for automotive dealers to maintain membership subscriptions. These strategies are designed to assist in increasing dealer profiles and exposure as TheMotorPages.com portal is deployed nationwide. Autoco.com, Inc. is focused on providing innovative Internet solutions to the automotive industry's emerging requirements for online vehicle sales, auctions, services and parts through a network of strategically positioned subsidiaries. For more information or to request a detailed Investor Package, please contact Mr. James Neil (Investor Relations) at 800-773-7317. NOTE: Any statements released by autoco.com that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission. Disclaimer: This transmission was intended only for the party or parties to whom it was directed. If you have received the transmission in error or by other means, it must be destroyed and by no means circulated, copied or otherwise duplicated without the express permission of its author(s). Nothing in the contents transmitted should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information contained herein. SOURCE Autoco.com, Inc. (C) 2000 PR Newswire. All rights reserved. website: TheMotorPages.com