Additional Revenue and Profit Outlook Offered by President and CEO of Automotive Capital Group, Inc.
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SCOTTSDALE, Ariz., July 29 /PRNewswire-FirstCall/ -- Scott Miller, President and CEO of Automobile Capital Group, Inc. (OTC: AOCP) stated, "Our company received phone calls and emails about the future outlook release sent out on Wednesday, July 28th. Investors wanted clarification on guidance of $0.30 EPS with a stock price of $0.45. The guidance was given to allow the company to openly discuss the future business with the general public. "When I first met with Automotive Capital Group, Inc. it was to assist with merger negotiations of Navicom Inc. and Colfax Financial, a company that has been profitable for 10 years. Once I saw the business and its future possibilities, my interest changed from an advisor to join the company to help assist with growth. "The business model is unlike many in the sub-prime automobile finance industry because the use of Navicom GPS technology which eliminates a great deal of the risk. The numbers provided yesterday (2005 EPS $0.30 and $5,000,000 in assets) are in line with the company's current day-to-day business sales and operations. The company's goal is to improve the current sale of 100 cars each month for an average price of $8,000 per car to 200 autos per month of an average sale price of $10,000 per auto. These sales are based on an increase in automobile assets without infrastructure expansion. The true value of the company is the infrastructure already built to sell 200 plus autos each month. We will be actively marketing our programs through eBay Motors, online advertising, and our new automobile website in Spanish and English. The website will offer `click-here-to-buy-here' options and is expected to launch early next month. The company also believes it is one of the first to offer this concept online. "I do not intend to keep AOCP on the Pink Sheet Exchange because I do not feel we will ever get a fair valuation. This is evident with our future outlook price and valuation above our current stock price. However, I will publicly say with confidence that our Business Outlook looks very strong and we stand behind our guidance. It is important that shareholders understand this is a real company with real revenues and true profits. We have plans to cut costs and increase sales immediately. With automobile sales expected to exceed the Q3 sales target, we believe the company is well positioned for a strong start to fiscal year 2005." Business Outlook Automobile Capital Group, Inc. provided guidance for fiscal 2005 indicating that it currently targets revenue in a range of $8 to $10 million with earnings of $0.30 per diluted share. The company invites interested individuals to stop by our auto lots located in Mesa and Tucson, or the corporate offices in Scottsdale, AZ. Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements. The guidance above is depended on closing merger/acquisition of the above listed companies. This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com. SOURCE Automotive Capital Group, Inc. -0- 07/29/2004 /CONTACT: Scott Miller, CEO/President of Automotive Capital Group, Inc., +1-800-647-6962/ /Web site: http://www.autocapitalgroup.com / (AOCP) CO: Automotive Capital Group, Inc. ST: Arizona IN: AUT MLM CPR OTC SU: ERP
------------------ Due Da Due......But Be Quick About It!!!!!
Wid ma mind on ma money an' ma money on ma mind!!!
Automotive Capital Group, Inc. Expanding Revolutionary No Credit Check Auto Financing
PHOENIX, Sept. 15 /PRNewswire-FirstCall/ -- Automotive Capital Group, Inc. (OTC: AOCP) announced today that it will be opening a specialty vehicle dealer lot in Scottsdale, Arizona. The new dealer lot will specialize in Honda and Toyota pre-owned vehicles for the sub-prime financing market. Automotive Capital Group, Inc. offers an innovative finance program with no credit check auto loans. The new dealer lot will be a significant part of Automotive Capital Group, Inc. goal of selling and financing 200 vehicles each month. The new dealership will also play a key role in the company's revolutionary dealer website. Auto websites were popular back when the Internet began and remain so today. The new site will be used as a tool bringing buyers to the website to view inventory without completing an actual e-commerce transaction. The website is scheduled to launch in the near future. With the new website and eBay's vehicle auctions, the company plans to market all inventory via the Internet. Buyers can simply choose the vehicle they want online and purchase it at the dealership. The financing program allows everyone to purchase a vehicle regardless of past credit. Automotive Capital Group, Inc. (OTC: AOCP) also announced last week the launch of the company's first affiliate program and one of the first of its kind for the auto industry. The program offers a cash rebate to the customer to be used on any car, truck or SUV on the dealer lots or website. Each rebate has the affiliate's individual representative code that gets commission for the sale. Automotive Capital Group, Inc. provides point-of-sale (POS) stands and marketing materials about the program to potential customers. Automotive Capital Group, Inc. is one of the few finance companies that don't do a credit check and is looking to capitalize on the $25 billion sub-prime automobile market. Automotive Capital Group, Inc. has received hundreds of signups for the partner program. The company will partner with insurance companies, auto repair businesses, oil change locations, business professionals and other auto dealers. Automobile dealer partners that can't approve a customer through a conventional bank can offer that customer a vehicle from Automotive Capital Group. To sign up for the affiliate program please visit http://www.earn-200-per-sale.com or http://www.AutoCapitalGroup.com.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors, could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements. The guidance above is dependent on closing merger/acquisition of the above listed companies.
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
posted
No Credit Check, On-Line Auto Financing, NowAuto.com Makes No Credit Check Financing Possible
A Truly Innovative Way to Purchase and Finance That Vehicle You Previously Thought Was Impossible! And, All At One Web Site.
SCOTTSDALE, Ariz., Sept. 16 /PRNewswire-FirstCall/ -- Automotive Capital Group, Inc. (OTC: AOCP) announced today the launch of http://www.NowAuto.com. NowAuto.com is a revolution in the way Americans will finance and purchase their beloved automobile. There are no longer financial barriers to purchasing a vehicle, plus it will all be done online the same day. Buyers who have been turned down for financing on the car they wanted now have NowAuto.com. We can finance anyone! If you can provide proof of income, a utility bill, a valid driver's license and five personal references, we can approve you. Just like our name states - NowAuto.com; the no credit check financing revolution. Go to http://www.NowAuto.com (a Phoenix, Arizona-based dealership) and search our inventory for your next auto. NowAuto.com is a specialized organization able to sell cars with no credit check on every auto we sell. NowAuto.com also provides its buyers a web site displaying the vehicle's detailed description, history, test results and all facts relating to its equipment and performance. Many articles have touted " ... the coming revolution in auto retailing is just around the corner." eBay Motors, the fastest-growing segment of the eBay behemoth portal, will sell $10 billion worth of autos and accessories online this year - 1/3 of eBay's total volume. INCREDIBLE! Innovative dealers offer new car inventory online with the same old "financing for qualified buyers only" via their web site. No innovation here. This still ignores 20% of the marketplace with less than acceptable credit history. Innovated ideas are what made this country great, the business leader and the model for the rest of the free world. That's what NowAuto.com brings to the finance and auto industry - a true revolution offering "no credit check automobile financing." Now, the obvious question arises, "How can any organization offer no credit check automobile financing to this sector of the population and stay profitable?" Navicom wireless GPS is the how, the way and the reason. Navicom allows this specialty program to prosper by installing its wireless GPS in every vehicle NowAuto.com sells. Navicom wireless GPS technology not only finds these vehicles anywhere in 98% of the U.S., Canada and Mexico, but, if required, can shut them off with a simple keystroke via their web site. "Navicom could very well become one solution to the $25 billion sub-prime auto financing industry," says Scott Miller, CEO of Automotive Capital Group. Mr. Miller continues, "With Navicom, lenders will be able to locate their cars with the ability to disable the auto via the Internet. With the Navicom wireless GPS system, lenders can become proactive in motivating clients to remain current on their auto premiums. With Navicom, a person's credit is no longer a purchasing obstacle." NowAuto.com plans to offer this program nationally.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors, could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements. The guidance above is dependent on closing merger/acquisition of the above listed companies.
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE Automotive Capital Group, Inc. -0- 09/16/2004 /CONTACT: Scott Miller, CEO, Automotive Capital Group, +1-800-647-6962/ /Web site: http://www.NowAuto.com/ (AOCP)
CO: Automotive Capital Group, Inc. ST: Arizona IN: AUT CPR MLM OTC SU: PDT
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by IOCircuit.com
LAKE HARMONY, PA -- (MARKET WIRE) -- 09/16/04 -- Automotive Capital Group, Inc. (OTC: AOCP) announced today the launch of http://www.NowAuto.com. NowAuto.com is a revolution in the way Americans will finance and purchase their beloved automobile. There are no longer financial barriers to purchasing a vehicle, plus it will all be done online the same day.
Buyers who have been turned down for financing on the car they wanted now have NowAuto.com. We can finance anyone! If you can provide proof of income, a utility bill, a valid driver's license and five personal references, we can approve you. Just like our name states -- NowAuto.com; the no credit check financing revolution. Go to http://www.NowAuto.com (a Phoenix, Arizona-based dealership) and search our inventory for your next auto. NowAuto.com is a specialized organization able to sell cars with no credit check on every auto we sell. NowAuto.com also provides its buyers a web site displaying the vehicle's detailed description, history, test results and all facts relating to its equipment and performance.
Many articles have touted "... the coming revolution in auto retailing is just around the corner." eBay Motors, the fastest-growing segment of the eBay behemoth portal, will sell $10 billion worth of autos and accessories online this year -- 1/3 of eBay's total volume. INCREDIBLE! Innovative dealers offer new car inventory online with the same old "financing for qualified buyers only" via their web site. No innovation here. This still ignores 20% of the marketplace with less than acceptable credit history.
Innovated ideas are what made this country great, the business leader and the model for the rest of the free world. That's what NowAuto.com brings to the finance and auto industry -- a true revolution offering "no credit check automobile financing."
Now, the obvious question arises, "How can any organization offer no credit check automobile financing to this sector of the population and stay profitable?" Navicom wireless GPS is the how, the way and the reason. Navicom allows this specialty program to prosper by installing its wireless GPS in every vehicle NowAuto.com sells. Navicom wireless GPS technology not only finds these vehicles anywhere in 98% of the U.S., Canada and Mexico, but, if required, can shut them off with a simple keystroke via their web site. "Navicom could very well become one solution to the $25 billion sub-prime auto financing industry," says Scott Miller, CEO of Automotive Capital Group. Mr. Miller continues, "With Navicom, lenders will be able to locate their cars with the ability to disable the auto via the Internet. With the Navicom wireless GPS system, lenders can become proactive in motivating clients to remain current on their auto premiums. With Navicom, a person's credit is no longer a purchasing obstacle."
NowAuto.com plans to offer this program nationally.
Other active stocks are Taser International Inc. (NASDAQ: TASR), Travelzoo Inc. (NASDAQ: TZOO), America's Car-Mart Inc. (NASDAQ: CRMT).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. IOCircuit.com accepts no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid IOCircuit.com $545.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. IOCircuit.com has no ownership of equity and no representation of accuracy in the above company and our reports are designed to communicate company announcements through our Press Release Service.
posted
It's time to buy this one. Excellent guidance and a future listing. I received a letter from their ir department saying they were going to have a major announcement on sep 24th.
Posts: 41 | From: Coeur d A'lene, id, U.S.A | Registered: Aug 2004
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