AutoTradeCenter Says Internet Revenue Up More Than 50%; Figures to be Released Next Month
AutoTradeCenter has announced fourth quarter Internet revenue was up more than 50 percent over the third quarter for fiscal year ended March 31, 2001.
“This past March, ATC set new records in Internet revenue,” said Roger L. Butterwick, president of AutoTradeCenter (ATC). “In the fourth quarter, impressive company milestones were achieved.”
“Those achievements include new agreements with American Honda Finance Corp. and American Suzuki Motor Corporation, an historic auction alliance, plus dramatic increases in Internet sales," Butterwick said. "ATC’s total focus on Internet remarketing has proved prudent and business-wise with a substantial reduction of debt, strong fourth quarter revenue growth, and encouraging first quarter trends.
”While our total annual results for fiscal year ended March 31, 2001 reflect a loss, our Internet revenue growth remains strong and is in line with management’s expectations,” Butterwick said.
According to a company spokesperson, the actual financial statement has not been audited as yet, and figures for revenue and loss are unavailable. The release of this information is scheduled for the end of May when audited figures will be posted, according to ATC.
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 Corporation’s Vehicle Inter-Dealer Purchase System (VIPS) and the American Suzuki Motor Corporation's PROline, utilizing Internet technology and remarketing services.
For more information on AutoTradeCenter.com Inc., visit www.autotradecenter.com or contact Public Relations at lseegan@autotradecenter.com.
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