AutoTradeCenter Announces Record-Breaking Month
AutoTradeCenter announced April 8 that March 2002 sales were the largest in company history. ATCs remarketing team sold more than 4,000 vehicles via the Internet to captive dealers across the country utilizing the company’s branded web sites.
Gross revenues for March 2002 more than doubled over March 2001. Gross revenues for the fourth quarter were up more than 185 percent for the same period last year, according to AutoTradeCenter.
"As ATC closes its 4th quarter, the company continues to aggressively execute its business plan by maintaining positive EBITDA while generating impressive increases in both sales and revenues," states Roger L. Butterwick, president of AutoTradeCenter. "As the company enters its new fiscal year, we look forward to steadily increasing market share and corporate profitability."
According to the company, it expects to file its form 10K filing with the SEC by June 30, 2002 at which time it can be accessed through the EDGAR reporting system located at www.FreeEdgar.com.
AutoTradeCenter (ATC) is the an Internet-based "business-to-business" automotive re-marketing company. The Company markets its services to automobile manufacturers, captive finance companies, lease and rental companies, and financial institutions across the U.S. ATC powers the American Honda Finance Corporation’s Vehicle Inter-Dealer Purchase System (VIPS), the American Suzuki Motor Corporation’s PROline, and Volvo Finance North America’s Remarketing Internet Database Explorer (VolvoRIDE) utilizing Internet technology and remarketing services. For more information on AutoTradeCenter.com Inc., please visit www.autotradecenter.com.
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