AutoTradeCenter Focuses on Positive Cash Flow and Expanded Revenue Base During Shareholder Meeting
AutoTradeCenter outlined the company’s primary goals for the next three to 12 months at its recent annual shareholder meeting, held Sept. 24, 2001 in Scottsdale, Ariz.
“The goal of attaining positive cash flow by the end of the fourth quarter,” stated Roger L. Butterwick, president, “is a significant achievement in light of the company's total commitment to Internet remarketing nine months ago. Since January 2001, we have signed two new clients, American Suzuki Motor Corporation and Volvo North American Finance, in addition to the highly successful VIPS program for American Honda Finance Corporation. The company is extremely close to positive cash flow status with current revenues and, we feel confident that the scheduled launch of Volvo North American Finance’s remarketing program will achieve this goal."
According to Butterwick, "This accomplishment will open many new opportunities to develop a broader revenue base incorporating new products and services and provide a ‘total’ remarketing solution for the automotive industry.”
The shareholder meeting was held at the Fairmont Scottsdale Princess and was attended by AutoTradeCenter shareholders from across the United States.
“During these traumatic times,” remarked Butterwick, “it was a powerful and emotional experience to witness the support of our shareholders traveling from all parts of the country in order to actively participate in the company’s plans for the future. We are extremely grateful for their support and look forward to the continued positive momentum in the months ahead.”
About AutoTradeCenter
AutoTradeCenter (ATC) is 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 Corp.’s Vehicle Inter-Dealer Purchase System (VIPS) and the American Suzuki Motor Corp.'s PROline, utilizing Internet technology and remarketing services.
For more information, visit www.autotradecenter.com or contact Public Relations at lseegan@autotradecenter.com.
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