Check out AUCI. It is a fairly new IPO, and launched their http://www.autobidlive.com auction site about 2 months ago. It is interesting that already the company is looking to gain more investor awareness by moving forward to become a Fully Reporting OTCBB company in the near future. There is a revolution in the car sales industry, moving away from warehouse and in person to 24/7 online bidding. The potential for growth is staggering, and that is not including the other markets such as Boats, Motorcycles, Construction equip, ect...
some really significant news released after the close
Auctions International Forms Strategic Alliance With CARFAX Tuesday December 4, 4:30 pm ET
KELOWNA, BC--(MARKET WIRE)--Dec 4, 2007 -- Auctions International Inc. (Other OTC:AUCI.PK - News), a technology company that owns and markets proprietary software to enable real time online auctions of virtually any product or commodity for use by the wholesale market, announced today a strategic alliance with CARFAX, Inc. to improve its online auction process. Now, wholesale buyers and sellers can view CARFAX Vehicle History Reports(TM) directly from the vehicle listings to more accurately assess a car's condition and retail value. Dealers can also purchase CARFAX Vehicle History Reports through Auctions International's http://www.AutoBidLive.com website.
ADVERTISEMENT "Our decisive choice to integrate CARFAX Vehicle History Reports ensures our customers will have access to one of the central aspects of our business today -- vehicle history information," said Doug Mann, President & CEO of Auctions International Inc. "AutoBidLive is now one of the premier online marketplaces to buy and sell wholesale vehicles. We're extremely excited about this enhancement to our services and the added benefits it gives our customers."
Dealers can buy and sell cars faster and with greater confidence to meet their customers' needs using AutoBidLive's enhanced services. Free CARFAX Vehicle History Reports are available for vehicles wholesaled on AutoBidLive by CARFAX-subscribing dealers and qualifying vehicles will come with the CARFAX Buyback Guarantee.
"Wholesale buyers inherently have questions about vehicles sold at auction," said Larry Gamache, communications director at CARFAX. "CARFAX Vehicle History Reports help buyers answer many of those important questions -- like ownership history, mileage and branded title information -- that otherwise may go unanswered. Dealers feel more confident in their wholesale purchase and in the car's value on the retail market."
Through its wholly owned subsidiary AutoBidLive, Auctions International Inc. is set to bring together over 65,000 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 consumers' 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. For more information, visit http://www.AuctionsIR.com and http://www.AutoBidLive.com.
About CARFAX
Millions of consumers rely on the most trusted provider of vehicle history information, CARFAX, each year. Using the unique 17-character vehicle identification number (VIN) found on vehicle dashboards and title documents, CARFAX instantly generates a detailed Vehicle History Report on any used car or light truck. CARFAX Vehicle History Reports(TM) provide information that can impact a consumer's decision about a used car or truck. CARFAX is a wholly owned subsidiary of R.L. Polk & Co. For more information, visit http://www.carfax.com.
the OTCBB move that they are in the process of doing, really is interesting. A pinksheet company making a move to be a fully reporting company, is telling me that this is for real!
Auctions International Announces New Headquarters Dec 7, 2007 8:25:00 AM
KELOWNA, BC -- (MARKET WIRE) -- 12/07/07 -- Auctions International Inc. (PINKSHEETS: AUCI), a technology company that owns and markets proprietary software to enable real-time online auctions of virtually any product or commodity for use by the wholesale market, announced today that to accommodate the Company's growth, its executive offices are now located at 1001-1329 Ellis Street, Kelowna, BC, Canada, V1Y-9X5. The telephone and fax number will remain the same. The facility is expandable to accommodate growth, and will serve as the location to meet clients and host corporate business meetings.
Doug Mann, president and CEO of Auctions International, Inc., said, "Auctions International has taken tremendous steps forward in re-defining online auctions for the wholesale market. We've aligned with high-value brands like CARFAX, uShip.com, CarrierRates.com and NXGen, and continue to attract members in the U.S. and Canada to our state-of-the-art technology platform AutoBidLive.com. As part of our growth strategies, we've streamlined all of our departments -- sales, business development, accounting, investor relations and management -- under a single executive office to more efficiently serve our customers and industry-leading partners. With greater efficiencies, we also expect to drive down operating costs as we move into the New Year."
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B Pink Sheets