AuctionCities.com to Offer Auto History Reports, Financing and Insurance Referrals to Automotive Marketplace Customers
September 13 2005 - 8:30AM
PR Newswire (US)
Comprehensive Package of Services Will Streamline the Purchase
Process and Drive New Revenues at AuctionCities.com VALENCIA,
Calif., Sept. 13 /PRNewswire-FirstCall/ -- AuctionCities.com, Inc.
(OTC:AUCC), announces today a complete portfolio of new services
designed to build consumer confidence and streamline the process of
buying automobiles through the AuctionCities.com Automotive
Marketplace. These new services are expected to drive increased
traffic and revenues to AuctionCities.com. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080810/LAW062LOGO)
AuctionCities.com continues to enhance its Automotive Marketplace
to reduce the risk and anxiety for consumers in making online
purchases of automobiles. For a nominal fee, prospective buyers
will have the ability to research the complete history of a given
vehicle. The Company will also offer potential buyers the
opportunity to request insurance quotes from participating
insurance companies. To complete the package, registered users of
AuctionCities.com may also work with affiliated auto financing
companies to become pre-qualified for financing. "These new
services build on our very attractive AuctionCities.com Automotive
Marketplace. Consumers already value the fact that our existing
'Shop Your Zip-code' local-search feature enables local inspections
of autos before purchase. Our new portfolio of services further
enhances the buying experience at AuctionCities.com and makes
buying an auto quick, easy and stress-free," said Michael Berman,
AuctionCities.com CEO. Berman concluded by saying, "Our new
services offering will create a very rewarding buying experience
for both our auto retail partners and for consumers, which will
translate into exceptional revenue opportunities for the Company.
This announcement further reinforces AuctionCities.com's goal of
offering innovative and reliable services with user-friendly terms
at very competitive prices." About AuctionCities.com:
AuctionCities.com, Inc., is the originator of "Micro-auctioning",
local geography focused online auctions marketed as "Shop your
Zip-code". AuctionCities.com is the state-of-the-art alternative
and convenient way for local auctioning and shopping. We host local
auctions for geographies represented by more than 40,000 U.S.
Zip-code specific sites and prioritized 156 metropolitan areas
using our patent pending business methods and technology.
Forward-Looking Statements: The factors discussed below and
elsewhere in this Memorandum could adversely affect the value of
the Company's Common Stock. In addition, the factors discussed
below and elsewhere in this Memorandum may constitute
forward-looking statements and, as such, may involve known or
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements or the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Any forward-looking statements contained in this
Memorandum should not be relied upon as predictions of future
events. Such forward-looking statements can be identified by the
use of forward-looking terminology such as "believes," "expects,"
"may," "will," "should," "could," "seeks," or anticipates," or the
negative thereof or other variations thereon or comparable
terminology, or by discussions of strategy. Such statements are
necessarily dependent on assumptions, data or methods that may be
incorrect or imprecise and they may be incapable of being realized.
The following factors may constitute or include cautionary,
forward-looking statements identifying important factors with
respect to such forward-looking statements, including certain risks
and uncertainties that could cause actual results to vary
materially from the future results covered in such forward-looking
statements. http://www.newscom.com/cgi-bin/prnh/20080810/LAW062LOGO
http://photoarchive.ap.org/ DATASOURCE: AuctionCities.com, Inc.
CONTACT: AuctionCities.com, Inc. Publicity Department, , or
1-866-587-8921 Web site: http://www.auctioncities.com/
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