IOCircuit.com Announces NowAuto.com Launches No Credit Check Auto Financing
Market Wire, September, 2004
Automotive Capital Group, Inc. (OTC: AOCP) announced today the launch of http://www.NowAuto.com. NowAuto.com is a revolution in the way Americans will finance and purchase their beloved automobile. There are no longer financial barriers to purchasing a vehicle, plus it will all be done online the same day.
Buyers who have been turned down for financing on the car they wanted now have NowAuto.com. We can finance anyone! If you can provide proof of income, a utility bill, a valid driver's license and five personal references, we can approve you. Just like our name states -- NowAuto.com; the no credit check financing revolution. Go to http://www.NowAuto.com (a Phoenix, Arizona-based dealership) and search our inventory for your next auto. NowAuto.com is a specialized organization able to sell cars with no credit check on every auto we sell. NowAuto.com also provides its buyers a web site displaying the vehicle's detailed description, history, test results and all facts relating to its equipment and performance.
Many articles have touted "... the coming revolution in auto retailing is just around the corner." eBay Motors, the fastest-growing segment of the eBay behemoth portal, will sell $10 billion worth of autos and accessories online this year -- 1/3 of eBay's total volume. INCREDIBLE! Innovative dealers offer new car inventory online with the same old "financing for qualified buyers only" via their web site. No innovation here. This still ignores 20% of the marketplace with less than acceptable credit history.
Innovated ideas are what made this country great, the business leader and the model for the rest of the free world. That's what NowAuto.com brings to the finance and auto industry -- a true revolution offering "no credit check automobile financing."
Now, the obvious question arises, "How can any organization offer no credit check automobile financing to this sector of the population and stay profitable?" Navicom wireless GPS is the how, the way and the reason. Navicom allows this specialty program to prosper by installing its wireless GPS in every vehicle NowAuto.com sells. Navicom wireless GPS technology not only finds these vehicles anywhere in 98% of the U.S., Canada and Mexico, but, if required, can shut them off with a simple keystroke via their web site. "Navicom could very well become one solution to the $25 billion sub-prime auto financing industry," says Scott Miller, CEO of Automotive Capital Group. Mr. Miller continues, "With Navicom, lenders will be able to locate their cars with the ability to disable the auto via the Internet. With the Navicom wireless GPS system, lenders can become proactive in motivating clients to remain current on their auto premiums. With Navicom, a person's credit is no longer a purchasing obstacle."
NowAuto.com plans to offer this program nationally.
Other active stocks are Taser International Inc. (NASDAQ: TASR), Travelzoo Inc. (NASDAQ: TZOO), America's Car-Mart Inc. (NASDAQ: CRMT).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. IOCircuit.com accepts no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid IOCircuit.com $545.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. IOCircuit.com has no ownership of equity and no representation of accuracy in the above company and our reports are designed to communicate company announcements through our Press Release Service.
Contact: C.P. Barry Company http://www.IOCircuit.com Phone: 1.888.478.7669 / 570.443.0539
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