To: TsioKawe who wrote (58263 ) 2/24/1999 3:56:00 PM From: songw Respond to of 119973
NVDC SEC Filing Points To IPO Navidec NVDC is the internet company that owns a nationwide online auto selling network in conjunction with Bank One and partnered with CBS. An interesting detail showed up on Navidec board at Yahoo which appears to be part of a recent SEC filing pointing to the possibility of an IPO of the online auto business- "Prospectus Supplement to Prospectuses Dated July 22, 1998 and February 4, 1999 NAVIDEC, Inc. (the "Company") reported in its quarterly report on Form10Q-SB for the quarter ended September 30, 1998 as filed with the Securities and Exchange Commission on February 4, 1999 that the Company is considering a strategy to establish a new entity for its Internet based auto buying solutions. Those auto buying solutions include US Wheels.com, CarWizard.com and LeaseSource.com. The Company believes that the establishment of a separate entity for its auto buying solutions group may be a way to realize value due to the current interest in and high demand for online car buying. The Company's auto buying solutions provide consumers with a convenient method to research, find and finance new and used cars. If a new entity is established, the Company anticipates that the new entity will, independently of the Company, raise capital through a private and/or public offerings of its securities. There can be no assurance that the Company's strategy to spin-out a piece of the Company's operations as a separately capitalized entity will ultimately be implemented or prove successful as the strategy is dependent on the Company's perception of the market's desire for Internet commerce securities, which could change. This Prospectus Supplement should be read in conjunction with the Company's Prospectuses dated July 22, 1998 and February 4, 1999." NVDC IR declines comment citing quiet period related to warrant call- NVDC trading 9smessages.yahoo.com @m2.yahoo.com