ADDISON, Texas, Nov 13, 2007 (BUSINESS WIRE) -- DealerAdvance(TM), Inc. (OTCBB:DLAV), developers of proprietary Internet applications for the automotive retail industry announced today that since the release of WebDA(TM), the web based version of DealerAdvance(TM), the company has booked in sales revenue of over $600,000. Steven Humphries, in an analyst meeting, announced that he expects to bring on-line an additional 20 clients boosting revenue to approximately $1.3 million by years end.
"WebDA(TM) is the product of six months R&D and another six months of trials," said Mr. Humphries. "WebDA(TM) will transform DLAV from a hardware driven company to a software driven company and bring Dealerships throughout the country easy, cost effective access to programs necessary to run their dealerships. The software will allow dealerships to run programs without a heavy investment in new hardware, which was previously required with DealerAdvance(TM). Our goal is being realized and that is to quickly turn the company around and create shareholder value. The company expects to generate $1.3 million in revenue from the conversion of existing dealerships by the end of the year and an additional $5-$7 million for newly added dealerships by April 2008."
WebDA(TM) changes the platform of our company from being server dependent to a simple Internet product. The opportunity to earn millions from fast track sales promotions is now available for both DLAV and its dealerships. Dealers will no longer be required to purchase expensive hardware, as the application can be accessed and used from PCs anywhere, anytime."
VP of Sales, Dave Scaturro discussed the ease of conversion of existing accounts and his expectations for 2008, suggesting that growth during 2008 should put the company in the black. "The conversion of our DA clients and the addition of new clients is all but certain because of their already successful experience with DA and the much superior attributes, especially the accessibility, that WebDA(TM) software offers from a PC anywhere."
DealerAdvance, Inc. (www.dealeradvance.com) is an innovator in applying technology and the Internet along with process improvement methods to increase business efficiency and sales. The Company has developed an integrated technology called WebDA(TM) which, among many features, allows automobile dealers to capture a customer's purchasing requirements, customers and dealerships personnel to search inventory at multiple locations, locate an appropriate vehicle in stock and print out the necessary forms. Through an integrated CRM (Customer Relationship Management) application, the system sends detailed tasks for prospect and customer follow-up and produces management reports to measure compliance. DealerAdvance(TM) allows sales professionals to increase sales, improve customer follow-up, and reduce administrative costs.
The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 ("the Securities Act"), as amended and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, the our statements regarding the anticipated growth in the markets for the our technologies, the continued development of our products, the approval of the our Patent Applications, the successful implementation of the our sales and marketing strategies, the anticipated longer term growth of our business, and the timing of the projects and trends in future operating performance are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of revenues due to the uncertainty of market acceptance and the timing and completion of pilot project analysis, and other factors, including general economic conditions, not within our control. The factors discussed herein and expressed from time to time in our filings with the Securities and Exchange Commission could cause actual results to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this filing and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SOURCE: DealerAdvance(TM), Inc.
CONTACT: DealerAdvance(TM), Inc., Addison Steven Humphries, 214-866-0606 Ext. 106
Copyright Business Wire 2007
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KEYWORD: United States North America Texas INDUSTRY KEYWORD: Technology Hardware Internet Software Automotive Other Automotive Retail Other Retail SUBJECT CODE: Product/Service
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