| Business Summary | | AutoTradeCenter.com
Inc.
assists
automobile
manufacturers,
finance
companies,
financial
institutions,
lease
and
rental
companies,
and
automobile
dealers
in
marketing
their
inventories
of
used
automobiles
over
the
Internet
(referred
to
as
"remarketing").
The
Company
has
developed
technology
that
enables
businesses
with
used
vehicles
to
post
their
inventories
on
a
Website,
provide
detailed
information
about
each
vehicle,
and
sell
these
vehicles
to
other
dealers.
Presently,
all
of
the
Company's
revenues
are
derived
from
developing
and
operating
remarketing
Websites
for
businesses,
such
as
American
Honda
Finance
and
American
Suzuki
Motor,
for
which
it
is
paid
listing
fees
and
fees
when
a
vehicle
is
bought
or
sold
on
the
Website.
The
Company
is
trying
to
market
its
services
to
other
similar
types
of
companies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AutoTradeCenter.com
Inc.
is
an
automotive
wholesale
and
re-marketing
company,
marketing
its
services
through
Internet
Web
sites.
For
the
three
months
ended
6/30/01,
net
sales
totaled
$585
thousand,
up
from
$170
thousand.
Net
loss
from
continuing
operations
rose
45%
to
$1.4
million.
Revenues
reflect
amounts
earned
under
the
contract
with
American
Honda
Finance
Corporation.
Higher
loss
reflects
a
$50.5
million
loss
on
the
sale
of
impaired
software. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Roger Butterwick, 53 Pres,
Treasurer, Director | $54K | Michael Feinstein, 64 CFO | -- | John Rowlett, 51 Sec.,
Director | -- | Dollar amounts are as of 31-Mar-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|