SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) FEBRUARY 29, 2000
AUTOTRADECENTER.COM INC.
(Exact name of registrant as specified in its charter)
ARIZONA 333-78659 86-0879572
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
8135 EAST BUTHERUS, SUITE 3, SCOTTSDALE, ARIZONA 85260 (Address of
principal executive offices) (Zip Code)
(480) 951-8040
Registrant's telephone number, including area code
NOT APPLICABLE
(Former name or former address, if changed since last report)
Exhibit index on consecutive page 2
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
Not Applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Not Applicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not Applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Not Applicable.
ITEM 5. OTHER EVENTS
Pursuant to General Instruction D to this Form, the registrant hereby
incorporates by this reference the information contained in the press
release dated February 29, 2000, filed as an exhibit to this report.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
Not Applicable.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of businesses acquired: Not Applicable.
(b) Pro forma financial information: Not Applicable.
(c) Exhibits:
REGULATION CONSECUTIVE
S-K NUMBER DOCUMENT PAGE NUMBER
20.1 Press release dated February 29, 2000 4
ITEM 8. CHANGE IN FISCAL YEAR
Not applicable.
2
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AUTOTRADECENTER.COM INC.
February 29, 2000 By: /S/ ROGER L. BUTTERWICK
-------------------------------------
Roger L. Butterwick, President
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AUTOTRADECENTER.COM INC. ENTERS INTO A VEHICLE REMARKETING AGREEMENT WITH
AMERICAN HONDA FINANCE CORPORATION
AutoTradeCenter.com Inc. (OTC BB:AUTC - NEWS) announced today that it has
entered into a vehicle remarketing agreement with American Honda Finance
Corporation to develop and host their off-lease vehicle disposition Web site.
The site will be designed to allow American Honda Finance Corporation to
communicate available off-lease vehicle inventory exclusively to the franchised
Honda and Acura dealer groups utilizing state-of-the-art technology, thereby
increasing efficiencies for themselves and the automobile dealers. American
Honda Finance Corporation intends to utilize the Company's integrated system to
remarket its annual lease portfolio consisting of 150,000 vehicles.
American Honda Finance Corporation Manager of Lease-end David Langley said, "We
believe that applying innovative technologies to the inventory disposition
process will benefit all parties involved. We feel this new approach illustrates
our commitment to provide the Honda and Acura dealer groups with the most
efficient means to better balance their inventories and acquire needed inventory
in a more effective manner."
Company President Roger Butterwick added, "We are delighted to have the
opportunity to provide our B2B e-commerce technologies to an industry leader
such as American Honda Finance Corporation. This vehicle remarketing agreement
clearly illustrates their commitment to provide the Honda and Acura dealers with
leading-edge technology."
AutoTradeCenter.com is a leading Internet-based "business-to-business"
automotive wholesale and remarketing company. On its web site,
WWW.AUTOTRADECENTER.COM, the company markets its services to its national dealer
base, to automotive lease and rental companies, and to banks and financial
institutions across the U.S. who can use the site's many features for more
efficient buying, selling and trading. The site also is designed to provide
large dealership groups a virtual private network internal inventory service
through controlled security access.
The Company also owns the Web site WWW.TRADEINCARSONLINE.COM through its
subsidiary BusinessTradeCenter.com Inc. TradeinCarsOnline is the first Web site
to allow a consumer purchasing a new vehicle online to receive a firm purchase
bid on his trade-in vehicle.
For more information on AutoTradeCenter.com Inc., please visit
HTTP://WWW.AUTOTRADECENTER.COM/.
Statements regarding financial matters in this press release other than
historical facts are "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of
1934, and as that term is defined in the Private Securities Litigation Reform
Act of 1995. The company intends that such statements about the company's future
expectations, including future revenues and earnings, and all other
forward-looking statements be subject to the safe harbors created thereby. Since
these statements (future operational results and sales) involve risks and
uncertainties and are subject to change at any time, the company's actual
results may differ materially from expected results.
Contact:
de Jong & Associates
Ron de Jong
Phone (877) 943-9065
Fax (760) 943-7164
email [email protected]
HTTP://WWW.DEJONG.ORG
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