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Gold/Mining/Energy : DUKE CAPITAL (DC.CDNX) -- Ignore unavailable to you. Want to Upgrade?

To: speculatingvalue who wrote (1)	12/12/2000 9:26:22 PM
From: diddlysquatz	Read Replies (2) \| Respond to of 5

CCC Internet Solutions Inc - CCC Internet rewrites the book on car buying CCC Internet Solutions Inc CIS Shares issued 10,589,730 Dec 11 2000 close $.800 Dec 12 2000 1:23:00 Mr. Paul Timoteo reports The company is now publicly traded on the Canadian Venture Exchange under the symbol CIS. The 14-month-old dot-com company has rewritten the book on car buying in Canada by making more and better information available to consumers. Through its Web site at www.carcostcanada.com, consumers can now get new car MSRP's, (manufacturer's suggested retail price) options, holdbacks, factory rebates, cash-backs and much more. Most importantly, however, CCC is the exclusive Internet source for confidential dealer cost invoice pricing in Canada. Company update and overview of future plans During the first year of the company's operations it has concentrated on operating the company in a very efficient manner. The target of attaining profitability within the next two quarters appears to be well within reach. The company has decided to maintain its existing staff at its current level and increase it only when revenues permit. The company's existing office facility is currently being renovated in order to increase its level of efficiency. This allows the company to make room for current and future staff without the need for expansion to larger premises. The company now intends to launch new profit centres and expand existing ones, which can use the Web site development costs already incurred. Our unique on-line purchase program is scheduled to launch Jan. 1, 2001. This service will allow members to share their buying experiences with each other and give the company's members far more personalized service. Customer service representatives will assist members in locating a dealer that best fits the members' personal criteria, instead of simply referring them to the nearest dealer. This unique service will further distance the company from other typical cookie-cutter auto sites that require dealer callbacks for price quotes. This more personalized service will strengthen the company's relationships with both its members and dealers. The association program that the company launched in the spring of 2000 has worked very well. The company intends to expand this program to many other organizations. Groups such as credit unions, banks, trust companies, auto clubs, trade unions among others, are always looking for a way to attract new clients/members. This program, which is not available anywhere else in Canada, allows them to offer a low-cost, high value-added service to their clients. The affiliate program launched in July, 2000, has been an incredible success. In the first four months, over 2,000 new affiliate members have placed the company's banners and buttons on their sites. Linked from their Web sites to the company's, affiliates earn commissions any time a visitor to their site clicks through to the company's and becomes a member. This type of advertising has shown to be an excellent cost-effective form of exposure for many other very well-known Web sites. Sites such as Chapters.ca and Amazon.com have used this type of program very successfully. During the second post-QT year the company intends to add two additional administrative people as well as two new program managers. The new administrative people will aid in the growing need for administrative functions and the program managers will aid in the development and implementation of the above-mentioned programs. These new services along with the continued growth of the company's membership base and consistent growth of its affiliate program bode well for the future viability and profitability of the company. Based on current growth rates and anticipated growth of Internet use, projected revenues for calendar year 2001 are just under $1-million, with expenses kept to under $600,000. CCC Internet Solutions Inc. trades on the CDNX, under the symbol CIS. Total fully diluted shares equal just over 10.3 million shares. The management holds 6.5 million shares, which are restricted for up to six years. Preliminary acquisition discussions have begun with a couple of private dot-com and IT companies that would add great value and growth potential for CCC. Although large cash reserves may not be necessary, if and when these discussions come to fruition, CCC may consider offering a secondary financing in order to fully exploit these opportunities. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com