NVDC Net Solutions Division forecasts double sales to $11 million in 1999 Automotive Division forecasts quadruple sales to $6 million:
see following articles, plus no insider trading. I am amazed that there is no following, I suspect it is because ABTL and AWEB went public with their IPO's when the internets wwere really hot, and NVDC had done their IPO over a year earlier. (I bought a bunch then too at $4). Does anyone read this thread, or do they read it and just not comment? I am convince there is more money in E-Cars than E-books like AMZN. There are only these three public E-Cars companies, what gives? Doesn't the trading public know that Monopoly laws prevent the manufacturers from getting involved due to price fixing prohibitions (You would think that the tv ad disclaimers "Dealers negotiate their own prices" would have made this dawn on them by now, and also the fact that all 52 states individually and not just the Federal government require that there be a brick and mortar dealership to for the delivery of cars, REQUIRES this kind of a business model, of a separate web site for online o]purchasing leads, and separate dealerships brick and mortars, and separate manufactures, thus guaranteeing these three companies a big MARKET SHARE of the car business. Especially when 52% all ad dollars goes into car ads in the USA? This is the most missed story on wallstreet I think, not just NVDC but also ABTL and AWEB:
JOSEPH CHARLES & ASSOCIATES, INC. REITERATES
BUY RATING ON NAVIDEC WITH A 12-MONTH PRICE
TARGET AT $18
bigcharts.com VDC&date=
THURSDAY, JUNE 03, 1999 3:15 PM EST
- PRNewswire
BOCA RATON, Fla., Jun 3, 1999 /PRNewswire via COMTEX/ -- The following is being
issued by Joseph Charles & Associates, Inc., a member of the National Association of
Securities Dealers, CRD number 3949:
Joseph Charles & Assoc., Inc., Investment Strategies and Research Department reiterates
buy rating on Navidec, Inc. (Nasdaq:NVDC) with a 12-month price target at $18.00.
Currently available is a research report update on Navidec dated June 2, 1999.
Navidec, Inc. provides electronic commerce services for customers inthe automotive and
business sectors. In the automotive arena, Navidec's websites include USWheels.com,
CarWizard.com, and LeaseSource.com. They also havea Network Solutions division, which
provides eCommerce and eMail message services for Fortune 1,000 companies.
The Net Solutions Division forecasts to double their sales, going from $5.5 million in 1998 to
$11 million in 1999. The Automotive Division forecasts to quadruple their sales, going from
$1.5 million in 1998 to $6 million in 1999. USWheels.com is currently in 15 markets, which
will grow to 30 to 40 markets by 1999, and is estimated to be in 75 markets by the year
2000. Navidec is contemplating spinning-off USWheels.com into a public company. The
spin-off is likely to help raise capital for the expansion of USWheels.com into additional
markets, and it will also enhance shareholder value. Navidec's revenue base is integrally
involved with the rapid growth of the Internet allowing forward-looking estimates to be based
on the Internet's minimum growth pace. Based on the explosive growth of the internet
market and a conservative price to sales valuation of 7.0, we forecast our 12-month price
target at $18.
Information and statements contained herein, other than historical information, should be
considered forward-looking, which involve risk and uncertainties. Joseph Charles & Assoc.,
Inc., its officers, directors and affiliates may maintain positions in the securities referenced
which may change at any time without notice. The securities referenced are speculative in
nature and may not be suitable for your investment objective. Additional information is
available upon request.
CONTACT: Joseph Charles & Assoc., Inc., Investment Strategies and Research
Department, David Keiter, Managing Director, 561-391-9090, 561-241-3493 fax, eMail:
dkeiter@josephcharles.com.
SOURCE Joseph Charles & Associates, Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com -0-
CONTACT: David Keiter, Managing Director of Joseph Charles &
Assoc.,
Inc., Investment Strategies and Research Department, 561-391-9090, or fax,
561-241-3493, or e-mail, dkeiter@josephcharles.com
GEOGRAPHY: Florida
INDUSTRY CODE: FIN
SUBJECT CODE: RTG
News Provided By COMTEX
and see:
DRIVEOFF.COM ANNOUNCES PLANS FOR $1 BILLION
PER YEAR IN AUTO LOAN AND LEASE FUNDING
THROUGH FIRST UNION AND WESTAR FINANCIAL
bigcharts.com VDC&date=
FRIDAY, JUNE 04, 1999 7:17 AM EST
- PRNewswire
DENVER, Jun 4, 1999 /PRNewswire via COMTEX/ -- DriveOff.com Inc., a wholly owned
subsidiary of e-business provider Navidec Inc. (Nasdaq: NVDC), todayannounced an agreement
with Westar Financial Services Incorporated and a letter of intent with First Union Capital
Markets Group that will provide upto $1 billion in annual funding for vehicle sales originating from
DriveOff.com and its affinity web sites.
"This is a key component in the DriveOff.com strategy," said Michael Kranitz, president of
DriveOff.com Inc. "Creating relationships with twoof the nation's most innovative and progressive
finance sources will give us the power to deliver efficient service and market leading rates."
The letter of intent provides for First Union Capital Markets' support of the venture through a loan
purchase arrangement with Westar for upto $1 billion annually. Westar will serve as the
financial administrator and underwriter for leases and loans originated by DriveOff.com and its
affinity sites. First Union will fund loans, while Westar funds the leases.
"DriveOff.com brings a unique strategy to the business of selling cars through technology and
with a focus on customer satisfaction," said Sal Mirran, managing director in First Union's
Capital Markets Group. "We are excited about the opportunity to provide funding for their
customers."
"As the next evolution for Internet automotive transactions, DriveOff.com will empower
consumers and provide them with binding prices and monthly payments that include financing,"
said R.W. Christensen, Jr., Westar's chairman andCEO.
In a May 25 announcement, DriveOff.com unveiled its plans to launch the next generation
auto-buying web site later this summer. DriveOff.com will empower consumers to complete
substantially all of their vehicle transaction by visiting the site. Consumers will select and
accept a guaranteed vehicle price and monthly payment and even experiment with their deal
terms and monthly loan or lease payments by altering aspects of their "DriveOff Deal" including
down payment, term length and mileage allowed on leases.
In addition, DriveOff.com's exclusive partnership with the Internet Automobile Dealers Marketing
Association (IADMA), provides member dealers with a competitive presence on the Internet.
IADMA members will receive incremental sales without paperwork, monthly fees or
commissions.
"It's a no-risk proposition for dealers that results in prosperous and ongoing service relationships
with new customers," added Kranitz.
DriveOff.com Inc. Based in Englewood, Colorado, DriveOff.com Inc. is a wholly owned
subsidiary of e-business provider, Navidec Inc. (Nasdaq: NVDC). DriveOff.com Inc. provides the
market with world-class auto buying and information web sites including DriveOff.com,
USWheels.com, CarWizard.com and LeaseSource.com. Expected to launch this summer, the
company's premier web site, DriveOff.com, partners with a national dealer cooperative to allow
consumers to complete their entire vehicle transaction by visiting the site. The company's
corporate web site is located at driveoff.com.
First Union Corporation First Union (NYSE:FTU) is a leading provider of financial services to
more than 16 million customers throughout the East Coast and the nation. At March 31, 1999,
First Union had assets of $223 billion and totalstockholders' equity of $16 billion. Through its
banking subsidiaries, the company operates full-service banking offices in Connecticut,
Delaware, Florida, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylvania,
South Carolina, Tennessee, Virginia and Washington, D.C.
Westar Financial Services Incorporated Westar Financial Services Incorporated (OTC Bulletin
Board: WEST) isan innovative, fast-growing, Washington-based automobile financing company.
It has focused solely on the prime-credit segment for the $110 billion auto-lease finance market
and has completed nine securitizations of auto leasereceivable certificates for the prime credit
market. WEST is the only publicly traded automobile lease finance company focused solely on
this huge market.
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 Company's online automotive 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.
SOURCE DriveOff.com Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com -0-
CONTACT: Andrea Pearson or Andy Mountain, 800-797-7565, both of
DriveOff.com Inc.; or Steven Canup of Financial Relations Board, 310-442-0599
WEB PAGE: navidec.comhttp://www.DriveOff.com
News Provided By COMTEX
and note: NO INSIDER SELLING:
edgar-online.com
NAVIDEC INC
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Date Filings
May 21 1999 DEF 14A: Proxy Statement
May 14 1999 10QSB: Quarterly Report
May 11 1999PRE 14A: Preliminary Proxy Statement
Apr 21 1999 S-3/A: Amended Registration Statement
Apr 15 1999 10KSB: Annual Report
Apr 9 1999 424B3: Prospectus Changes or Additions
Mar 31 1999 NT 10-K: Notification of Late Filing
Mar 15 1999 8-K: Report of Unscheduled Material Events
Mar 11 1999 424B3: Prospectus Changes or Additions
Mar 8 1999 8-K: Report of Unscheduled Material Events
Feb 26 1999 S-8: Employee Benefit Plan Registration Statement
Feb 22 1999 424B3: Prospectus Changes or Additions
Feb 16 1999 SB-2: Registration Statement for Small Business Issuers
Feb 4 1999 10QSB/A: Amended Quarterly Report
Feb 4 1999 SB-2MEF: Registration of up to additional 20% securities
Jan 11 19994: Changes to Initial Filing of Equity Securities
Jan 7 1999 8-K: Report of Unscheduled Material Events
Nov 24 1998 424B3: Prospectus Changes or Additions
Nov 16 1998 10QSB: Quarterly Report
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