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DealerAdvance Announces WebDA(R) Interface with Nokia(R)Last update: 11/19/2007 8:08:01 AMProjected Revenue TO EXCEED $15 Million ADDISON, Texas, Nov 19, 2007 (BUSINESS WIRE) -- DealerAdvance(TM), Inc. (DLAV), announced today that the Company has developed its new WebDA product to interface with the new Nokia 770 Tablet hand-held device. Steven Humphries, CEO, made the announcement today to investors with great excitement and anticipation. He commented, "The hand-held technology is what set DealerAdvance apart from all of the other CRM providers over the past several years, but was limited due to the server based technology and the inherit problems with wireless networks. Now with the new Nokia technology utilized in the 770 Tablet PC, dealers and their sales people will now be able to access WebDA from anywhere, anytime." According to Humphries, the new technology will be debuted at the NADA Convention & Expo February 9-12th, 2008 in San Francisco. Chief Information Officer Raj Sharma commented, "This new technology will make WebDA the most desirable CRM product on the market today." VP of Sales Dave Scaturro commented, "With the debut of this new product, we easily anticipate an additional three to five hundred new dealers to sign up for the product over the next twelve to eighteen months, representing $10-$18 million in revenue for the Company." WebDA(TM) is the next generation of DLAV's "CRM" application. The system is web based and is available at a fraction of the cost of the original Dealer Advance system. According to Humphries dealers that have utilized the original DealerAdvance(TM) system it has shown a 90% increase in captured customer data and a 30% increase in appointment setting. For additional information and a demo contact company VP of Sales Dave Scaturro at 214-866-0606 Ext. 103. DealerAdvance, Inc. () 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 our technologies, the continued development of our products, the approval of our Patent Applications, the successful implementation of 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. DealerAdvance(TM), Inc., AddisonSteven Humphries, 214-866-0606 Ext. 106Copyright Business Wire 2007
-------------------- A Few Facts Are Better Than None At All Posts: 122 | From: East Tn | Registered: Apr 2007
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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Here is an email letter sent out by the CEO to shareholders on New Years Eve FWIW:
TO: All Shareholders
FROM: Steven E. Humphries
RE: 2007 Update
DATE: December 31, 2007
When I took over the Company as President in April 2006, there were many serious operating and financial issues facing the organization as a whole (Stronghold Technologies, Inc. a Nevada Corporation – the Parent Public Company) and its Operating Company, Stronghold Technologies, Inc. (a New Jersey Corporation) as follows:
* Under previous management, many law suits involving former employees, vendors and customers were allowed to be reduced to default judgments against the operating company due to management’s failure to retain the necessary legal representation to defend the actions. Additionally the operating company owned hundreds of thousands of dollars to the Internal Revenue Service for back withholding taxes.
* The technology developed and used by the Company’s customer base was antiquated and the Company was losing customers on a monthly basis.
* Sales were virtually non-existent, due to the antiquated product and due to the fact that the CRM competitive marketplace had changed dramatically with the introduction of web based products.
* The Company was in default of its financing agreements and in danger of foreclosure.
The first order of business was to address the legal issues facing the Operating Company. We retained legal counsel and consultants to provide advice with regard to those issues. It was at that time that we felt it was necessary to isolate the Parent Company from the stigma surrounding the Operating Company. In October 2006, the Parent Company became DealerAdvance, Inc. Subsequently in January 2007 the Company filed a Chapter 7 Bankruptcy petition in the North Texas district on behalf of Stronghold Technologies, Inc (the New Jersey Corporation). The Bankruptcy, when discharged will eliminate over $1.0 million in judgments, liens, etc. However, the debt from our lender group remains with the Parent Company.
In July of 2006 I hired Rajneesh Sharma as our Chief Information Officer. His mission was to hire a development team and move the antiquated server based product to the web.
I also hired a new sales team with the primary goal of stabilizing the Company’s customer base and resolving technical issues.
We developed a new business plan that we presented to our investor group, which allowed the Company to secure funding for 2007.
In February of 2007, with great enthusiasm introduced our new WebDA product at the NADA Convention and Exposition in Las Vegas. While dealer reaction was extremely encouraging, our web based developed product was simply one of many CRM’s offering a web-based solution. Despite the highly competitive CRM industry, the Company was able to begin securing new contracts with the first signed in May, which was the first business the Company signed in nearly 18 months. In 2007 we were successful in converting a large majority of our customer base to the new WebDa representing approximately $900,000 sales bookings.
In June we made the decision to return to the “hand-held” technology that originally set the Company apart from the other CRM companies. At that time we began developing a hand-held application for the new WebDA product. In November we were successful in developing an interface with the Nokia 770 (now the 800), which would allow the full application to be operated on wireless hand-held device.
DealerAdvance, Inc. will debut this new product at the NADA Convention and Exposition in February 2008. We feel that due to the hand-held technology, the new WebDa will have huge success at the upcoming Convention.
We have also restructured our national sales team that is now in place to facilitate the launch of the new WebDA product.
In 2008 we have two primary goals. One, to become profitable and two, to acquire a cash positive company in the automotive space that compliments WebDa.
If we are able to secure 150 new WebDA clients in 2008, the Company will experience profitability. Additionally, if we are able to acquire a complimentary, cash-positive company, that covers the existing monthly loses, we could experience immediate profitability. We are aggressively pursuing both avenues to profitability.
As of December 21, 2007, there were 8 billion shares authorized and 218,274,915 issued and outstanding. The Company’s lender continues to convert its debt to equity as they continue to fund our monthly operating loses.
Thank you for your continued support as we look forward to a great 2008!
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™ 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™ 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.
Posts: 292 | Registered: Mar 2006
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Projects Profitability by Q4 2008 On Sales of over $8.0 Million
ADDISON, Texas--(BUSINESS WIRE)--DealerAdvance™, Inc. (OTCBB:DLAV - News) announced today that the Company entered into a Letter of Intent to acquire a compatible private company with significant revenue that will enhance every aspect of DealerAdvance™. In his announcement today before analysts, an excited Steven Humphries, CEO said, “We have identified a company operating in the automotive software space that compliments our WebDA™ product. We have come a long way on our own; however this acquisition will surely position our company as the leader in its field. The acquisition will add over 150 clients to our expanding client base.”
The due diligence phase should be completed within 30 days and with capital resources already committed, the company is hopeful to be able to complete the acquisition within 90-120 days.
DealerAdvance™ CFO, David Wange said, “We believe that if we are able to complete this transaction we would be profitable by the end of 2008. Packaging the software of both companies for the benefit of both companies’ clients is consolidation at its best.”
DealerAdvance™ will be debuting its new hand-held CRM product WebDA at the NADA Exposition and Convention February 9th through 11th in San Francisco. The new hand-held product has been adapted to the Nokia 800 Tablet PC and is the only automotive CRM with a hand-held application.
WebDA™ is the next generation of DLAV’s “CRM” application. The system is web based and is available at a fraction of the cost of the original Dealer Advance system. According to Humphries dealers that have utilized the original DealerAdvance™ system, it has shown a 90% increase in captured customer data and a 30% increase in appointment setting.
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™ 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™ 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, our statements regarding the anticipated growth in the markets for our technologies, the continued development of our products, the approval of our Patent Applications, the successful implementation of 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.
Contact: DealerAdvance™, Inc., Addison Steven Humphries, 214-866-0606 Ext. 106 or Dave Scaturro, 214-866-0606 Ext. 103 Source: DealerAdvance(TM), Inc.
Posts: 111 | From: nyc | Registered: Aug 2007
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DealerAdvance(TM), Inc announced today that the company has signed a Distribution Agreement with Hi Octane Solutions for representation in Michigan, Ohio, Indiana, Arizona, New Mexico and Colorado. Company CEO, Steve Humphries, projects as much as $2 million in sales in the next 12-18 months as a result of this Distribution Agreement. Meetings at the NADA Convention in San Francisco this month have spurred negotiations with automotive product distributors exposing the company's hand-held WebDA product to potentially thousands of new car dealers across the USA. Steven Humphries, DealerAdvance(TM) CEO said, "We came away from an extremely successful NADA meeting which has opened the doors for the Company to access thousands of dealerships." Humphries added, "This is the first of several agreements that are expected to be signed in the next 30-60 days and we expect that WebDA(TM) will quickly attain a dominant position in the CRM automotive market place." High Octane President & CEO Jeremy Gould commented, "We are very excited about offering the WebDA hand-held product to our dealer network. Our sales group is highly impressed with the new WebDA(TM) hand-held product we saw at the NADA show, we are now going to represent this CRM product exclusively and expect to bring on-line 30-50 dealerships." WebDA(TM) is the newest iteration of DLAV's hand-held "CRM" application. The new hand-held application allows sales people and dealers to access their sales operation (daily appointments set, deals pending, deals closed, demos, individual work plans, etc.) on or off the lot - which allows management to view hour-by-hour activities of the dealership from virtually anywhere at anytime. According to Humphries, it's accountability at its best. Dealers that have utilized the original DealerAdvance(TM) system have shown a 90% increase in captured customer data and a 30% increase in appointment setting. The new hand-held application will have and even greater impact on sales. "It's all about sales," says Humphries. "Theirs and ours."
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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DLAV announced today that the company has entered into an agreement with International Automotive Associates, Inc. of Los Angeles to represent the Company's products (WebDA(TM) and others) to automotive product distributors throughout the USA and Canada. Steven Humphries, DealerAdvance(TM) CEO said, "IAAI has relationships with automotive distributors across North America. IAAI will be working directly with the distributors, auto auctions, etc., on our behalf, becoming an extension of our national sales team." Humphries added, "Through the agreement with IAAI we will have access to dealers throughout North America, thus allowing us to capture the critical mass needed to quickly ramp up the company's sales efforts." According to Alan Davis, National Sales Manager of IAAI, "We expect to generate an additional $6.0 to $10.0 million in sales for DLAV over the next 12 to 18 months." WebDA(TM) is the newest iteration of DLAV's hand-held "CRM" application. The new hand-held application allows sales people land dealers to access their sales operation (daily appointments set, deals pending, deals closed, demos, individual work plans, etc.) on or off the lot, which allows management to view hour-by-hour activities of the dealership for virtually anywhere, anytime. According to Humphries, it's accountability at its best as dealers that have utilized the original DealerAdvance(TM) system have shown a 90% increase in captured customer data and a 30% increase in appointment setting. The new hand-held application will even have a great impact on sales. "It's all about sales," says Humphries, "theirs and ours."
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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