Looking for .11 stocks well this one has just climbed its way to that level. Big gains lately but still way off its annual highs.
Posted by Stock4u on :
Here is the latest press release.
Company Enters Multi-Billion Dollar New and Used Automobile Marketplace in the United States
SANTA MONICA, CA,, Dec 20, 2007 (MARKET WIRE via COMTEX) -- Exit Only, Inc. (PINKSHEETS: EXTO), which generates its revenues from the web-site Text4Cars.com, has entered into a joint venture agreement with Shortcode, Inc. of Florida for the marketing and distribution of leads for new and used automobiles in the United States. Shortcode, Inc. of Florida has extensive experience and maintains a large customer base through its marketing of new and used products to automotive dealerships. According to a recent New York Times article, about 16 million new cars and 19 million used cars are sold each year in the United States, generating billions of dollars in sales. According to industry sources, it is estimated that the average car dealer generates 1 sale for every 6 to 8 leads at an average cost of $25-$30 per lead. Therefore, the current market for lead generation is estimated to be in the hundreds of millions per year. Under the Text4cars.com model, dealers can generate a lead for as little as $2.00 per lead which ultimately increases their profit margins.
The Shortcode/Exit Only joint venture is anticipated to gain at least 2% of the US automotive lead generation business within the next 12 to 18 months using the proprietary textforcars.com technology.
D. Kim Hackett is a founding partner and CEO of Shortcode, Inc., coming from AutoNation where he spent five years on national corporate operational initiatives (including the creation and management of the E-Commerce Department). Kim joined AutoNation as the corporate Vice President of Operations after his 9 Orlando dealerships were acquired by AutoNation in a private transaction. He started his Orlando-based automotive group 12 years earlier with a single Pontiac location expanding it to include Buick, GMC, Isuzu, Suzuki, Kia and all of the Orlando-area Saturn dealerships. Mr. Hackett is also currently involved as a Founding member in both MenuVantage, LLC (Web-based Menu Selling system for Auto Dealers) and Kaizen Media Holdings, LLC (Multi-Media Company specializing in web-based Virtual Training and Point of Sale Digital Signage for the automotive industry).
Posted by Stock4u on :
Have a look at thenextbigpick.com They have coverage on this company and there is also a video and good write up about what they are doing.