eCarfly / CompleteAuto To Become Fully Reporting Company and Goals to Transition to the Bulletin Board
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
eCarfly, Inc. (Pink Sheets:ECFL) announced today the company will become a fully reporting company by SEC standards, once the current merger has taken place. "By becoming a fully reporting company on all accounts, I believe we will not only build shareholder confidence in eCarfly but we will also show our shareholders we truly have their best interests at hand. Soon after the merger takes place, our goals are set to transition to the bulletin board. This transition will allow our employees and shareholders better financial possibilities. The more transparent, the better," stated Desmond Milligan, eCarfly, Inc. CEO.
Jeff Roman, President of CompleteAuto, shared, "CompleteAuto has sold an online-auction software subscription to the largest BMW dealer in the Cleveland, Ohio market. CompleteAuto has also hired a new representative in the Houston, Texas market. This representative has sold software and services to 4 area Houston dealerships including VW, BMW, Ford and Subaru franchises."
"CompleteAuto and eAutoDrop expect to add an eAutoDrop location in Fredericksburg, Virginia next week. CompleteAuto and eAutoDrop are expected to re-locate to a new corporate facility by October 31st, 2006," was further stated by Mr. Roman
The merger between eCarfly and CompleteAuto is currently being handled by both company's attorneys. Mr. Milligan also stated, "Legal counsel from both sides are doing due diligence and are confirming no stone has been left unturned regarding this merger."
About CompleteAuto:
Founded in 2004, CompleteAuto is headquartered in Orlando, FL, and is proud to have been selected by eBay, Inc. as a joint marketer. Currently there are agreements in place between eBay, Inc. and CompleteAuto. CompleteAuto offers eAutoDrop Center licensing agreements only to licensed dealerships to assist private consumers with the sale of their vehicles on eBay Motors.
About eCarfly, Inc.:
eCarfly provides individuals and automotive dealers a hassle-free and cost-effective alternative to sell their vehicles online. With the knowledge, experience, and understanding of the automotive industry, eCarfly knows exactly what works and what doesn't. eCarfly is currently focusing on online vehicle auctions, industrial equipment, aircraft, personal watercraft auctions, and partnerships with companies and private individuals interested in selling their personal vehicles.
Disclaimer:
Matters discussed in this press release are "forward-looking statements." Statements describing company objectives are forward-looking. Company's plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market evaluations of its stock, which could cause actual results to differ materially from those anticipated.
Source: eCarfly, Inc.
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