posted
CTXI: 0.0045 Will run soon; chart looks like WWCD, which is running now. Get in before it breaks out.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
WWCD and CTXI can run without PRs, because the MMd have been working on them for the last six months, and they are going to cash in now.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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MicroCars, Ltd. To Begin Promotion with Seylan Bank To Sell Cars in Sri Lanka
September 14, 2006 09:39:27 (ET)
SAN DIEGO, Sep 14, 2006 (BUSINESS WIRE) -- Centrex, Inc. (PinkSheets:CTXI) today announced that MicroCars, Ltd., a Sri Lankan company, has signed a marketing agreement with Seylan Bank, one of the largest banks in Sri Lanka, to promote sales of MicroCars to new home buyers. Called the "Executive Super Loan Package," this promotion by Seylan Bank allows buyers to acquire a new home and a new car under the same mortgage. Seylan Bank estimates that they expect to receive as many as fifteen approved loan applications per month.
Established in 1995, MicroCars, Ltd. is the only automobile manufacturer in Sri Lanka, featuring a line that includes a sedan, a coupe, a minivan and a four wheel drive pickup truck. Created by Dr. Lawrence Perera, previously an executive engineer at Volkswagen in Wolfsburg Germany, MicroCars offers a cost effective system for assembling quality cars using local labor and available local materials.
Centrex recently signed an agreement to represent the MicroCars manufacturing system to other nations seeking to establish a locally run and operated car assembly company. The agreement with MicroCars also gives Centrex an option to acquire up to 40% interest in MicroCars. Executives of MicroCars and Centrex are meeting in Hong Kong the week of September 24, 2006 in order to finalize these aspects of their agreement.
Stated Jeffrey Flannery, CEO of Centrex, Inc., "This promotion demonstrates Seylan Bank's confidence in MicroCars as well as the Bank's recognition that the attractive, well-built MicroCar is an incentive to persuade new home buyers to action. Most importantly for Centrex, this promotion is a strong selling point in our efforts to market the MicroCars system to other countries - it is a proven way to promote and market a major item in any developing economy."
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of CTXI are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future CTXI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and CTXI has no specific intention to update these statements.
SOURCE: Centrex, Inc.
for Centrex, Inc. Jeff Flannery, (619) 466-4701 Copyright Business Wire 2006
-------------------- Growing old is mandatory!......... Growing up is optional! Posts: 527 | From: Pennsylvania | Registered: Apr 2004
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posted
is this news strong enough to start a real bounce?
Centrex, Inc. (Pink Sheets:CTXI) today announced that with MicroCars, Ltd., a Sri Lankan company, has received a request from the Air Force of Sri Lanka to provide servicemen with the opportunity to acquire Micro Car vehicles through a specially financed package. The Sri Lanka Air Force projects sales to its service members would be as high as 50 units per month once the package is completed.
Centrex recently signed an agreement to represent the MicroCars manufacturing system to other nations seeking to establish a locally run and operated car assembly company. The agreement with MicroCars also gives Centrex an option to acquire up to 40% interest in MicroCars. Centrex has been asked to help support MicroCars' fulfillment of this request from the Sri Lankan Air Force by looking into possible financing arrangements through US entities.
Stated Jeffrey Flannery, CEO of Centrex, Inc. "This arrangement with the Sri Lankan Air Force is a clear indication of the government's recognition of the quality of the MicroCar's vehicles as well as a dedication by the government to support its only local automobile assembly operation. Our role will be to help structure the financing for this program as well as possibly bring in some outside financial support. This type of program also creates a model program that can be replicated in other countries and helps further establish the international marketing program for MicroCars."
Established in 1995, MicroCars, Ltd. is the only automobile manufacturer in Sri Lanka, featuring a line that includes a sedan, a coupe, a minivan and a four wheel drive pickup truck. Created by Dr. Lawrence Perera, previously an executive engineer at Volkswagen in Wolfsburg, Germany, MicroCars offers a cost effective system for assembling quality cars using local labor and available local materials.
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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