link is not working, here it is:
Car Help USA Makes Bid to Buyout Auctions International Inc. at .10 Per Share
Posted on: Mon, 07 Feb 2011 19:12:23 EST
Symbols: AUCI
Dover, DE, Feb 07, 2011 (PRWeb.com via COMTEX) --
Car Help USA LLC, a licensed United States corporation based in Dover, DE is making an unsolicited buyout offer to acquire all outstanding and issued shares of Auctions International Inc. at .10 per share. Auctions International Inc. currently trades on the OTC pink sheets. Analysts believe this acquisition will diversify the portfolio of Car Help USA, whose primary corporate focus is to assist consumers with automotive finance negotiation.
Car Help USA specializes in assisting qualified clients in re-negotiating their existing auto loans in order to potentially lower their payments. Due to the current economic crisis, Car Help USA has experienced exponential growth. Car Help USA Board Members have identified areas where the business can grow, including potential product expansion and corporate acquisition. CEO Daniel West states "Current economic and market conditions have afforded us an opportunity to acquire Auctions International Inc. This acquisition complements our core business, and provides us a unique platform for continued expansion."
Market observers believe the products and services that Car Help USA will be adding via this acquisition will enable the company to better serve its' current client base, and therefore increase corporate profitability moving forward. Mr. West states "The Board and I firmly believe Auctions International Inc. fits perfectly within our fundamental corporate vision, and we look forward to increasing shareholder value as we continue to grow in the coming months and years."
Car Help USA believes this acquisition is crucial for the company and their continued growth as an industry leader. There are currently not enough outstanding shares available in order for Car Help USA to acquire Auctions International Inc. Consequently, market factors have deemed it necessary that the company purchase currently held shares at a premium. According to Mr. West, further details will be released shortly regarding where current shareholders may tender their shares at the current offer of .10 per share.
Car Help USA is preparing a series of updates that will be released in the coming weeks as part of its Investor Awareness Program. Updates on the company via news releases, the website, newsletter programs and conference calls will facilitate timely updates to current and potential investors.
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
# # #
Read the full story at http://www.prweb.com/releases/2011/02/prweb5047314.htm
PRWeb.com
For full details on (AUCI) AUCI. (AUCI) has Short Term PowerRatings at TradingMarkets. Details on (AUCI) Short Term PowerRatings is available at This Link.
All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.
© 2011 The Connors Group, Inc.
News 
Market Data 
Discover 
AI
