Keros Capital Report: Auctions International Inc Expands Its Technology Offering to Include Virtual Dealership affiliates

    KELOWNA, BC, July 23 /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 today that it is taking applications from qualified individuals to
develop virtual Automotive Dealerships throughout Canada and the United
States. Affiliate Dealerships will have a virtual inventory from the web site which will allow their retail clients to Bid on any
vehicle on the website for a small fee.
    Douglas G. Mann, President and CEO of Auctions International is quoted;
"These Virtual Dealerships will provide added exposure and bids for our
current licensed dealers. Through the increased exposure we become another
marketing arm for our dealer customers in the Retail Market. This innovative
concept will allow qualified individuals to enter the retail side of the
Automotive Industry without the huge upfront costs of inventory. The Virtual
Dealer Affiliate will need to be licensed and will not be allowed to post cars
for sale; they can only search out and bid on vehicles for their customers.
The additional revenue streams generated by retail affiliates will be good for
the company while at the same time providing significant savings to retail
buyers. The dealers that have posted vehicles on our site for sale will now
have the added retail exposure from all over North America. We believe that
given fuel prices and increasing overhead costs, this is the way of the future
for automotive sales. As our wholesale market has demonstrated, North America
is ready for this paradigm shift NOW."
    To receive immediate notification of all companies Keros Capital covers,
enter your email at
    Auctions International operates within the Internet/Software market
sector. Other companies in this sector are Google, Inc (Nasdaq:   GOOG) up 2% on
4.7 million shares traded, Inc (Nasdaq:   AMZN) down less than 1% on
8.8 million shares traded, Ebay, Inc (Nasdaq:   EBAY) up 4% on 18.5 million
shares traded.
    Over the counter Bulletin Board & Pink Sheet stocks to watch are:
GoldSpring Inc. (OTCBB: GSPG) up 2.4% on 53 million shares traded, Universal
Energy Corp. (OTCBB: UVSE) up 10.5% on 8.1 million shares traded, Western
Standard Energy Corp. (OTCBB: WSEG) up 7% on 2.3 million shares traded, Lukoil
Hldg-ADR (OTC PK: LUKOY) down 1% on 121 thousand shares traded.
    Nasdaq stocks to watch are: UAL Corp (Nasdaq:   UAUA) up 68.5% on 47.4
million shares traded, Foundry Networks Inc (Nasdaq:   FDRY) up 32% on 86
million shares traded, JetBlue Airways Corp. (Nasdaq:   JBLU) up 16% on 20
million shares traded.
    NYSE stocks to watch are: Boeing Co (NYSE:   BA) up 1.5% on 6 million
shares traded, McDonald's Corp (NYSE:   MCD) up 0.6% on 9.6 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 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

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890