Washington Auteo Media, Inc. (OTC Bulletin Board: AUTM), a leading provider of point-of- purchase marketing and Internet-based services to the automotive industry announced it has secured a national data-base of over 300,000 vehicles from over 5000 dealerships across the United States.
This represents a major breakthrough for the company, which is now growing from a regional marketing presence of one state and 11,000 vehicles on its web site Autoloco.com, to a national presence in all 50 continental states with over 300,000 vehicles. “For increasing Internet driven vehicle sales to our 5000 subscribing dealerships from car buyers and wholesalers nationwide, we anticipate our dealers will be willing to pay us a monthly fee, beginning in third quarter of 2000,” says Steve Van Leeuwen, President and Chief Executive Officer.
Autoloco.com will become a top automotive portal offering customers one of the largest new and used car selections, informative automotive content, pricing, insurance, financing, credit reports and more. Autoloco.com will be one of the few sites that will allow car shoppers across the country the ability to view a picture of the car, the window sticker and, importantly, warranty information. Autoloco.com will also provide services to its dealerships such as wholesale trades, inventory reports, internet results and e-mail services. The Company plans on having the web site completed in the second quarter of 2000, and are also working towards adapting its popular www.bidthatcar.com to the same national database.
About Auteo Media, Inc.
Auteo Media, Inc., (OTC Bulletin Board: AUTM) is a leading provider of online data and media solutions to buyers and sellers of autos and auto accessories. Auteo Media operates Autoloco.com and Bidthatcar.com, providing one-stop convenience for consumers and dealers to locate and buy new and used vehicles and is developing Partcart.com, a OEM auto parts warehouse, Pocketauto.com and Palmauto.com, will provide auto dealers the ability to conduct online transactions at any time and anywhere, and Contactauto.com, a proprietary contact management system to help auto dealers maximize e-commerce customer interactions. Auteo Media works with more than 130 auto dealerships, auto parts suppliers, and other commerce partners and is becoming one of the leading technology companies serving the automotive industry. For more information visit www.auteo.com.
BY ORDER OF THE BOARD OF DIRECTORS
“Steve Van Leeuwen”
Steve Van Leeuwen, President
NASD has neither approved nor reviewed the information contained herein. Some statements in the report are forward looking and are subject to certain risks and uncertainties. These risks and uncertainties include, but are not limited to, economic conditions, changes in law or regulations, demand for products and services of the company and the effect of competition. These risks and uncertainties could significantly affect anticipated results in the future and actual results may differ materially from any forward-looking statements.