SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : AutoTradeCenter.com (AUTC) -- Ignore unavailable to you. Want to Upgrade?


To: LPasko who wrote (13)9/21/1998 12:18:00 AM
From: M&A West, Inc.  Respond to of 94
 
Approx. 17.8 million outstanding and approx. 8.5 million.



To: LPasko who wrote (13)1/13/1999 8:06:00 AM
From: mikekell  Respond to of 94
 
Auto Network Group, Inc. Announces Continued Expansion Into Texas
SCOTTSDALE, Ariz., Jan. 13 /PRNewswire/ -- Auto Network Group, Inc. (OTC Bulletin Board: ANWK - news) announced today that in the continuation of the Company's strategic growth plan, it has received a letter of intent with a San Antonio, Texas group.

San Antonio will be Auto Network's newest location, adding to the home office in Scottsdale, Arizona and the Company's five other locations in the United States and Canada. The addition is expected to sell approximately 2,000 cars per year and generate annual revenues of approximately $30,000,000. The Company is anticipating a March 1 opening.

Mark Moldenhauer, Auto Network's CFO stated, ''We are very pleased with our initial expansion into the Texas market. The San Antonio operation is complementary to our Scottsdale office, dealing in late model luxury used cars.''

Auto Network Group, Inc. is the fastest growing, publicly-held wholesaler of used late model and luxury automobiles in the country. The Company is capitalizing on the billion-dollar wholesale market by focusing operations in strategic segments of the country. Auto Network's strategy is to gain market share in key urban areas by acquiring and consolidating the independent automobile wholesaling companies. This strategy will provide the Company with access to a large and growing volume of high-quality late model and luxury automobiles. It will also allow Auto Network to take advantage of geographical disparities in the value of cars.

The Company's Internet service represents a significant addition to the ''business-to -business'' service application of the Internet and will complement its wholesale automobile business. The web site will be a revolutionary online service that will allow automobile dealers to view available inventory and allow efficient dealer-to-dealer buying, selling and trading in an auction format on the Internet. The database of automobile inventory will be for wholesaling only, limiting access over a secured connection to registered dealers. Posting to the database will be a free service for dealers. In addition, the site will provide large dealership groups an Intranet service, allowing access to internal inventory. The site is expected to up and operational by February 1, 1999.

For more information on Auto Network USA, please visit anwk.com.

Statements regarding financial matters in this press release other than historical facts are ''forward-looking statements'' within the meaning of section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.



To: LPasko who wrote (13)2/1/1999 8:56:00 AM
From: mikekell  Read Replies (1) | Respond to of 94
 
Auto Network Group, Inc. Opens AutoTradeCenter.com for Auto Dealerships

'The Future is Here'

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Feb. 1, 1999--Auto Network Group, Inc. (OTC BB:ANWK - news) announced today that it has opened its Web site autotradecenter.com, the auto dealers, wholesale-only Internet network.

Registration is free until June 1, 1999 and is intended for all licensed auto dealers, lenders, rental car companies, and leasing companies.

Mark Moldenhauer, vice president and CFO stated, ''We have opened the site to our registered dealers, allowing them access to the posted inventory. Auto Trade Center represents an enormous opportunity for the wholesaling industry and the future of the business. We continue to invite all those who qualify for this free service to register and take advantage of the opportunities provided by this site.''

The company's Internet service represents a significant addition to the ''business-to-business'' service application of the Internet and complements its wholesale automobile business. The Web site is a revolutionary online service that allows automobile dealers to view available inventory for more efficient dealer-to-dealer buying, selling and trading.

The database of automobile inventory will be for wholesaling only, limiting access over a secured connection to registered dealers. Posting to the database is currently a free service for dealers. In addition, the site provides large dealership groups an Intranet service, allowing access to internal inventory through controlled security access.

The Web site will be expanded to utilize auction formats similar to eBay (Nasdaq:EBAY - news) and uBid, Inc., (Nasdaq:UBID - news) allowing wholesale dealers to bid on listed cars. The site will be used by dealers throughout the country who need a central location to buy, sell, and trade used automobiles and to meet other dealers with similar needs. The auction feature will be available on the site by March 1, 1999.

Auto Network Group, Inc. is the fastest growing, publicly-held wholesaler of used late model and luxury automobiles in the country. The company is capitalizing on the billion-dollar wholesale market by focusing operations in strategic segments of the country.

Auto Network's strategy is to gain market share in key urban areas by acquiring and consolidating the independent automobile wholesaling companies. This strategy will provide the company with access to a large and growing volume of high-quality late model and luxury automobiles. It will also allow Auto Network to take advantage of geographical disparities in the value of cars.

For more information on Auto Network Group, please visit anwk.com or for registration visit autotradecenter.com.

Statements regarding financial matters in this press release other than historical facts are ''forward-looking statements'' within the meaning of section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.