Positions Autoco.com as Leading B2B Wholesale Automotive Portal
www.TheMotorPages.com/Autoco.com, Inc. (OTC Bulletin Board: AOOO) today announced an agreement with ARI Financial Services Inc. for re-marketing the returned fleet and lease vehicles through TheMotorPages.com Virtual Private Dealer Network (VPDN). This provides TheMotorPages.com with a significant B2B resale inventory and immediately expands business activities to an international level and positions TheMotorPages.com as the leading B2B wholesale automotive Internet portal.
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Leasing and managing 40,000 vehicles, Automotive Resources International, has in ten years become one of the largest fleet management companies in Canada. ARI is a wholly owned subsidiary of Holman Enterprises, a 75-year-old family-owned and operated company ranked as number 84 on the Forbes list of the 500 largest private companies.
“The Motor Pages offers an attractive alternative to the traditional markets and has the unique ability to broaden the buyer base for our off lease vehicles allowing our 550 + dealer members access to our vehicle inventory on-line,” stated Fred J. Booth, Senior Vice President and General Manager of ARI.
“The Virtual Private Dealer Network’s online tendering system offers an alternative to the traditional auctions used by Manufacturers and Fleet companies who offer vehicles for sale to dealers. The VPDN offers a broader buyer base and a cost effective solution to reselling vehicles obtaining the highest possible return on used vehicles,” stated Walter G. Deagle, Vice President, Business Development, Autoco.com Inc. “The agreement with ARI provides TheMotorPages.com with a $150 combined buyers and sellers fee on vehicles sold in an industry that sees 300,000+ annual vehicles in the Greater Toronto area alone. ARI represents a significant market share for The Motor Pages which sets the stage for further expansion into the B2B wholesale auto industry by TheMotorPages.com,” explained Walter Deagle.
Autoco.com, Inc. is a publicly traded company trading under the symbol “AOOO,” with the main operations of TheMotorPages.com located in Toronto Canada. The Motor Pages has designed an Internet automotive portal site featuring an online inventory management system for area dealers while providing a user-friendly front end web site for the consuming public. The Motor Pages unique B2B and B2C Internet portal has successfully penetrated the competitive Internet market by offering complete solutions to the automotive retail, wholesale and aftermarket industries. The Motor Pages is committed to supplying the finest in content, quality and value to those who use its services.
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By GlobalData Home page: www.themotorpages.com
E-mail: IR@themotorpages.com
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NOTE: Any statements released by TheMotorPages.com (autoco.com) that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company’s business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company’s filings with the Securities and Exchange Commission.
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