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Car Cost Canada.com Going Public! Duke Capital Corp DC Shares issued 2,800,000 Feb 7 close $0.67 Fri 3 Mar 2000 Company Sponsored ======================================================================= CAR COST CANADA.COM GOING PUBLIC! ======================================================================= Duke Capital Corp. to start trading on Monday March 6, 2000 (DC.CDNX). Duke is to proceed with the qualifying transaction of Car Cost Canada.com SYMBOL: DC (CDNX) Stock Structure: Public Float 1.89 Million Shares Fully Diluted Pre Vend In: 3.26 Million Shares ======================================================================= Company History and Direction: CCC Internet Solutions Inc. (CCC") o/a carcostcanada.com is a 6 month old Mississauga, Ontario, company that is currently the only Canadian automotive information website that offers the availability of new car dealer cost on most vehicles available for sale in Canada. CCC has projected revenues of just under $5,000,000.00 for calendar year 2001 and a forecast of just under $30,000,000.00 in sales after year five. Given the performance of the website thus far, the dealer network development and the major media exposure that we have received, the revenues forecasted may turn out to be somewhat conservative. The website is a 'must-click' for the 1.3 million new car buyers in Canada every year. From links to all of the new car manufacturer's websites to automotive publications and consumer reports, the site is geared to attract a large number of new members as well as ensuring the renewals of existing members. CCC's ultimate goal is to simplify the treacherous chore of the new car automotive purchasing experience. By offering not only research data, but complete detailed and customizable dealer cost pricing, including all of those often hidden rebates, hold-backs and incentives, CCC hopes to bring the excitement of buying a new car back to the forefront. The website subsequently generates a rare commodity that is of tremendous value to the new car dealer body from coast to coast. The commodity is, of course, a qualified new vehicle buyer. One that has just spent up to $49.00 with www.carcostcanada.com for our pricing and other related information. CCC is currently establishing a new car dealer referral network of 'new breed' dealerships that see the value of being upfront and honest in order to reap the benefits of added sales through our members. The dealer network is projected to encompass over 500 dealers, of all Makes from coast to coast. The referrals are projected to exceed our target of 10% of all new car buyers each year. The website will have an on-line vehicle purchase program within 3 to 4 months, another first in Canada, and several other revenue producing departments. Automotive group insurance will be available at a significant discount to Car Cost Canada.com members as well as extended warranties and many other related products and services. Thus far Car Cost Canada.com has made significant inroads into Automotive Cyberspace and is currently considered as one of the best in the industry. There have been 6 major newspaper articles that have touted our product and quoted our management team and our website members. The response, both in paid membership and website traffic has been overwhelming. The newspapers consist of the Globe & Mail, The Toronto Star, The Montreal Gazette, The National Post (2 articles), and Canada's largest automotive trade paper, Canadian Auto World. See quotes below. Management: James Matthews is a 16-year veteran of the new and used car sales and leasing field. He has a bachelor's degree in economics from York University in Toronto and has been co-owner and general manager of Lease Busters Inc., a Mississauga, Ontario based independent automotive sales and leasing company for the last 10 years. Prior to co-founding Lease Busters Inc., Mr. Matthews held the position of general sales manager of a prominent General Motors dealership in Toronto. Mr. Matthews, along with his partner and sales team, built one of the most innovative, competitive and productive independent sales and leasing companies in the Greater Toronto Area. At only 38 years of age, Mr. Matthews is just about to enter his prime and is prepared to provide 100% of his time, resources and sales ingenuity to his new project. His expertise in sales and personnel development will enable him to hand over the reigns of his leasing company to one of his loyal apprentices. Mr. Matthews looks forward to the new challenges and relishes the improvements that will occur in the retail car buying industry as a result of carcostcanada.com. J. Paul Timoteo is a 17-year veteran of the new and used car sales and leasing field. Mr. Timoteo started his apprenticeship in the retail automobile business working with his father, a well respected automobile dealer in Toronto. With Management roles at both Ford and General Motors dealers coupled with tenure at the largest Exotic car franchise in Canada, Mr. Timoteo has acquired a vast amount of insider knowledge into the workings of major automobile dealerships. As co-founder of Lease Busters Inc., Mr. Timoteo has developed his own unique marketing and merchandising style over the last 10 years. Very well known throughout Journalistic circles as one of the most innovative and straightforward people in the automotive industry, he has been quoted numerously in many major publications. Mr. Timoteo has also been a guest on many phone-in radio talk shows on CFRB 1010 and TALK 640 in Toronto as well as on CHML 900 in Hamilton. Mr. Timoteo will assume the responsibility of both Media relations and Dealer development for CCC over and above his Director's duties in order to build a solid foundation for the company. Mr. Eli Oszlak has experience in both the automotive and technology fields, a rare combination. Mr. Oszlak has been in the automotive industry since 1982. He has held various positions in the new, used and fleet sales areas, including the position of Fleet Sales Manager at one of Toronto's highest volume Chevrolet dealers. In 1995 Mr. Oszlak began transitioning into the Information Technology industry. He has held positions with companies involved with Network support, as well as Internet web site hosting and development. Mr. Oszlak is accredited with the designation, Microsoft Certified Professional. He is the senior administrator of several corporate local and wide area networks, as well as being the chief technical director for a web site and application hosting company. Before joining the CCC team, Mr. Oszlak enjoyed a very rewarding tenure with Nortel Networks of Brampton, Ontario. As Chief Technical Director with CCC, Mr. Oszlak was instrumental in being able to launch www.carcostcanada.com within a very tight timeline with virtually no technical issues whatsoever. His dedication extends to not only demanding the absolute finest in attention to every detail, but the ability to complete each project within budget and on time. ======================================================================= carcostcanada.com press quotes ======================================================================= Copies of actual articles are available upon request. ******** "The car dealer's first commandment, "Thou Shalt Not Reveal The Invoice Price To The Public," is about to be broken in Canada." -- Lawrence Papoff, Canadian Auto World, Jan-17-2000 ******** "Know your car cost and drive a hard bargain" "Negotiating the price of a new car is war" "The best weapon you can bring to the table is information, and the best information around is the price the dealer pays for a vehicle" -- Rob Carrick, Globe & Mail, Oct-19-1999 ******** "There's a conspiracy of silence in Canada's retail car industry" "Dealers who do offer openness, clarity and consumer peace of mind will distinguish themselves, cleansed of the public distrust that infects the retail car industry" "The establishment-shaking Internet may be exactly the tool required to make Canadian car pricing public information." "It's about time." -- Robert Cribb, Toronto Star, Dec-17-1999 ******** "Internet can put people looking to buy a car into the driver's seat." "Often confused with the invoice price, the dead cost is what the dealer paid the factory after rebates, hold-backs and other manufacturers incentives are returned to him." -- Francois Shalom, Montreal Gazette, Jan-29-2000 ******** "I got exactly what I wanted at a price I was happy with...while giving the dealer a reasonable profit. Everyone has to make a living" -- Janet Wood, CCC member quoted in Montreal Gazette, Jan-29-2000 ******** "The first Canadian Internet company to offer a comprehensive list of Canadian dealers' cost-the true cost to dealers of vehicles-will be a huge success" -- Dennis DesRosiers, Car -industry analyst, quoted in Montreal Gazette, Jan-29-2000 ******** "It's only a matter of time before you can order a car over the Internet and have it delivered to your door." "Wouldn't it be nice if you didn't have to grid yourself for a life-and-death wrestle when you head out to look for a new set of wheels." -- Tracy LeMay, Financial Post, Feb-02-2000 ******** "Knowledge is, indeed, power, and it now appears that information availability has shifted.... the control of the car-buying transaction from the dealer to the consumer." -- Francois Shalom, Montreal Gazette, Jan-29-2000 ******** "The jig is up for dealers...The internet is marginalizing them.... The dealer can not win, and the reason for that is e-commerce." "Why would you go from dealer to dealer." -- Dennis DesRosiers, Car -industry analyst, quoted in Financial Post, Feb-05-2000 Investor Relations Contact, Steve Bajic: 604-439-9008 Company Information and Memberships: 1-800-805-2270 This press release may contain forward-looking statements, particularly as related to the business plans of the company, within the meaning of Section 27A of the Securities Act of 1993 and Sections 21E of the Securities Exchange Act of 1934 and are subject to the safe harbor created by these sections. Actual results may differ materially from the company's expectations and estimates. ======================================================================= Car Cost Canada.com 3415 Dixie Road Suite 327 Mississauga Ont. L4Y 4J6 Tel: 905 624 3144 * Toll free: 800 805 2270 carcostcanada.com ======================================================================= | ||||||||||||
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