KELOWNA, BC, Sept. 30 /CNW/ - Auctions International Inc. (OTC: AUCI), a
technology company that owns and markets proprietary software that enables
real time online auctions of virtually any commodity in the wholesale market,
announced last week that the first sale was registered and completed at
wwwAutoBidLive.com on August 18, 2008.
Doug Mann, President and CEO said, "The software worked flawlessly and
reported all the bidding activity to management. The fact that this milestone
sale went through automatically and without any intervention can be attributed
to the excellence of site design and software quality."
"This is the solid proof that we needed. At least two dealers have
decided it was more cost effective to use our process than a physical auction.
We are extremely pleased and look forward to additional sales running through
the site as dealers become aware of www.AutoBidLive.com. Today there are 1,200
vehicles posted on the site from various dealers in USA and Canada," added
For more information, visit www.AutoBidLive.com, www.auctionsintinc.com
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Auctions International operates within the Internet/Software market
sector. Other companies in this sector are Google, Inc (Nasdaq: GOOG) down 12%
on 10.7 million shares, Amazon.com Inc (Nasdaq: AMZN) down 10% on 12 million
shares, Ebay, Inc (Nasdaq: EBAY) down 12% on 22.5 million shares.
Over the counter Bulletin Board & Pink Sheet stocks to watch are:
GoldSpring Inc. (OTCBB: GSPG) down 10% on 35 million shares, SpongeTech
Delivery Sys. (OTCBB: SPNG) down 9.5% on 13 million shares, Pacer Health Corp.
(OTCBB: PHLH) up 53% on 5 million shares, Lukoil Hldg-ADR (OTC PK: LUKOY) down
16% on 813 thousand shares.
Nasdaq stocks to watch are: Apple Inc (Nasdaq: AAPL down 18% on 94
million shares, Fifth Third Cancorp (Nasdaq: FITB) down 44% on 30 million
shares, Sirius XM Radio Inc. (Nasdaq: SIRI) down 18% on 69 million shares.
NYSE stocks to watch are: Pepsico Inc (NYSE: PEP) down 3% on 11 million
shares, Wachovia Corp (NYSE: WB) down 82% on 375 million shares, Wells Fargo &
Co (NYSE: WFC) down 11% on 66 million shares, Pfizer Inc (NYSE: PFE) down 5%
on 71 million shares.
Disclosure: All material herein was prepared by Keros Capital Inc.
(Keros) based upon information believed to be reliable. The information
contained herein is not guaranteed by Keros to be accurate, and should not be
considered to be all-inclusive. The companies that are discussed in this
opinion have not approved the statements made in this opinion. This opinion
contains forward-looking statements that involve risks and uncertainties. This
material is for informational purposes only and should not be construed as an
offer or solicitation of an offer to buy or sell securities. Keros is not a
licensed broker, broker dealer, market maker, investment banker, investment
advisor, analyst or underwriter. Please consult a broker before purchasing or
selling any securities viewed on http://www.keroscapital.com or mentioned
herein. Keros Capital has been compensated five million two hundred thousand
restricted shares for AUCI. Keros affiliates, officers, directors and
employees may own shares and may buy and sell additional shares of the company
mentioned herein and may profit in the event those shares rise in value. Keros
will not advise as to when it decides to sell and does not and will not offer
any opinion as to when others should sell; each investor must make that
decision based on his or her judgment of the market.
For further information:
For further information: Jim Mav, (973) 979-3705