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Auto Centrix, Inc. Announces Dominion Auto Auction Group, a Wholly Owned Subsidiary Company Launches Simulcast Auction Software

Business Wire, Jan 19, 2005

TAMPA, Fla. & HALIFAX, Canada -- Auto Centrix, Inc. (ATCX.PK) announced today that its wholly owned subsidiary company, Dominion Auto Auction Group Inc., will launch the real-time simulcast auction software to it clients and customers February 5, 2005 in conjunction with their Halifax Regional Municipality auction. The auction site consists of a simulcast auction with real time audio and video whereby a bidder can bid on a vehicle from anywhere in the world while the vehicle is physically been auctioned in a bricks and motor auction house.

"The real time auction software will give Dominion Auctions a competitive edge in the region and adds another service for its customers," stated Auto Centrix President and CEO David Highmore. "The simulcast auction software will dramatically expand our customer base and should result in increased prices for consignors."

Auto Centrix, Inc., which operates a "bricks and mortar" automotive auction under the Dominion Auto Auctions name, focuses on various technological mediums which facilitate the purchase, sale and re-sale of vehicles, thereby lowering the costs, expanding the geography, and expediting the sale processes, while securing the integrity of the vehicle information. The products and services have been designed with the flexibility and scalability to interface with their clients existing systems. ACI currently holds the worldwide rights to an online real-time simulcast auction system currently being used across Canada and a Proxy Bid Salvage Auction software.

For more information, go to www.autocentrix.com

'Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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