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| Member Join Date: May 2005
Posts: 24
![]() | Fairly new pinksheet IPO that is moving to the OTCBB exchange, and seems to be very pro-active about executing their business plan. Carfax teaming up with AUCI is huge, and may benefit from the exposure. Going to get a position tomorrow, what you guys think. Auctions International Forms Strategic Alliance With CARFAX Dec 4, 2007 4:30:00 PM Auctions International Forms Strategic Alliance With CARFAX: Financial News - Yahoo! Finance OTCBB listing News Auctions International Inc. Moves Forward to Become a Fully Reporting Company: PRNewswire Business News: US:AUCI - MSN Money |
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| Join Date: Oct 2006 Location: Orlando, Florida
Posts: 12
![]() | AUCI - Auctions International Through its wholly-owned subsidiary AutoBidLive, Auctions International Inc. is set to bring together over 70,000 North American licensed pre-owned auto dealers into a dynamic online auction reducing their dependence on physical auctions. By utilizing state-of-the-art technology, dealers can make bids in real time, move inventory, and search and buy vehicles specific to consumer's needs. In addition to online automobile auctions for the wholesale market, Auctions International Inc. has identified multiple commodity verticals which could benefit from its leading edge online auction technology platform. Additional information about Auctions International Inc. as well as corporate structure and stock capitalization can be viewed on the Company's website at Auctions International. Authorized: 50,000,000 Issued & Outstanding: 44,000,000 Restricted: 25,000,000 Free Trading: 19,000,000 Est. Public Float: 2,000,000 (Per IR, 11/30/2007) AutoBidLive Auctions Inc. The company is moving forward with its plans to become a fully reporting company. As part of the process to become listed on the OTC Bulletin Board, the Company is in the process of auditing its financial statements and is nearing the completion of its Form SB-2 Registration Statement to be filed with the SEC. Douglas Mann, president and CEO of Auctions International Inc., said, "A move to the OTC Bulletin Board is part of our strategy to strengthen our visibility in the marketplace as we launch our first application of our online, real-time auction technology platform. Becoming a fully reporting company is in line with our goals to increase the liquidity and transparency of our stock, and provide greater opportunity to reach new investors. We look forward to completing the process in the near-term." Traditional Auctions Vs. AutoBidLive.com Major Cities Only vs. Work from your office Fixed Auction Times vs. Live Auction 24/7 Insufficient vehicle details vs. Comprehensive vehicle description with pictures Access to local vehicles vs. Exposure to vehicles all over North America Costs of travel and time lost out of office vs. No costs until you buy or sell Sales cycle is pre-determined by auction house vs. Bidding instantaneously so sales cycle completed efficiently at any time Internet Auctions Vs. AutoBidLive.com Insertion and transaction fees with a single bid vs. Fees only upon close of a transaction Limited information on vehicles at auction vs. Unlimited detailed and photos on vehicles. No personal connection between buyer and seller vs. Automatic alerts (text, email, fax) of bids Fixed duration, purchase day and time vs. Flexible, open 24 hr. 7 days per week Future Possibilities With AUCI's Versatile Software In addition to online automobile auctions for the wholesale market, Auctions International Inc. has identified multiple commodity verticals, which could benefit from its leading-edge online auction technology platform. |
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| Join Date: Oct 2006 Location: Orlando, Florida
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![]() | According to Forrester Research, online auction sales will grow to $54.3 billion -- or 25% of total U.S. online retail sales -- in 2007. Retailers, portals, and vendors will work to legitimize the format and attract as many consumers as possible to fuel the growth. Proprietary technology that can create a fair trading ground between buyers and sellers will be in high-demand. US Online Auction Sales, 2005 To 2010 by Carrie Johnson - Forrester Research Assuming the company grows to 700 dealers 700 Dealers 1% of the North American Dealer Market 4200 Cars/month 6 cars per dealer per month $20 mill net profit based on $400 profit/auction $7/sh valuation using industry standard PE ratio of 15 • Opportunities like this come few and far between. |
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| Member Join Date: May 2005
Posts: 24
![]() | Quote:
Thanks for the great info. In the above quote you are assuming 700 dealers out of 70,000. So lets just say 1% of the market. Imo 1% of this huge car industry is so easy. Lets just assume they do 2%, which is still only 1400 dealers out of 70,000, how can they not. We are looking at $40mill net profit a year! | |
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