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| Internet use to purchase vehicles and equipment has shown a dramatic increase. Wholesale vehicles purchased by dealers via the Internet have quadrupled from 12% in 2000 to 48% in 2003. 2004 is ahead of that pace. |
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AUTO CENTRIX, INC.
Auto Centrix, Inc., based in Halifax, Nova Scotia , provides the technology solutions that enable wholesalers, lease and rental companies, automotive importers, dealerships and manufacturers to more efficiently and effectively do business. The Company focuses on the unique needs of the vehicle-remarketing sector of the automotive industry. Through their wholly owned subsidiary, Dominion Auto Auctions, Auto Centrix is engaged in the sale of pre-owned vehicles, trucks, boats, motorcycles, and recreational vehicles as well as heavy and light equipment via weekly live auctions. This is the only weekly public auto auction facility in Nova Scotia . The Company has the technology that allows for a simulcast auction broadcast system on the Internet with real time audio and video, thereby allowing users around the globe the ability to bid on vehicles physically being auctioned in a bricks and mortar auction house. ACI also offers a proxy bid salvage auction module, complete with proxy bid technology, conditioning reports and innovative search and reporting capabilities . Purchasing and selling vehicles through the Internet allows buyers to compete for the lowest prices on any vehicle in an unlimited geographic market, from their own physical location. Auto sellers can access multiple on-line auto auctions as well as potential buyers 24/7. Auto Centrix President and CEO David Highmore recently stated that, “The simulcast auction software is an integral part of our business plan that will substantially increase our revenues for the coming year.” We feel that steadily rising revenues could prompt the stock price to rise significantly . The Company will exploit various technological mediums, which facilitate the purchase, sale and re-sale of vehicles. This means lowering costs, expanding geography, and expediting the sales process, while securing the integrity of the vehicle information. ACTX is totally aware that cars come in a great many variations of degree and quality, and they will always provide a survey of a particular vehicle's condition to ensure fair and honest auto auctions online participation. ANALYST— Officers of Market Advisors, Inc. have been in business since 1983 and have provided stock market research for their clients since 1985. Company officials have been frequently quoted in a wide array of financial publications such as the Wall Street Journal, Investors Business Daily, Barron's, The Dick Davis Digest, Moniresearch and many others. We have on our staff the former editor of the Marketarian Newsletter, a nationally syndicated stock market newsletter published for over twenty years . Over the past three years the executive management team has extensivey researched all aspects of the automotive industry, changing industry trends, and the elements missing from current technologies. Auctions have grown from a niche clientele of collectors to a mainstream vehicle for online purchases. A recent survey by Nielson//Net Ratings reported that more than 6.2 million consumers conducted online transactions at auction sites last month, a 22% increase from the 5.1 million that did so in May of 2000. In North America , the remarketing industry is estimated to be $78 billion, while the used vehicle market has risen to approximately $390 billion . |
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