Read the BOLD print here:
DealerAdvance™ CFO, David Wange said, “We believe that if we are able to complete this transaction we would be profitable by the end of 2008. Packaging the software of both companies for the benefit of both companies’ clients is consolidation at its best.”
Some posters had asked why we would Acquire this company if our software was the best. I thought it was obvious but I guess some don't get it.
The bold type above talks about packaging the 2 software products together. Well, If both products did the same thing, they wouldn't be packaged together would they. NO, they wouldn't.
The point is: We are Acquiring a Company that provides a similar but different software for Dealers. I don't know what that product is or what it does but it sets us up nicely. For one, We will now OWN the new Company and its REVENUE it makes from selling its software. We will now also be able to offer those existing clients the WebDA product as a synergistic packaging of softwares. This means that 150 clients this year is almost a sure thing if this Acquisition takes place. Also, We will still be selling WebDA to New Dealers that we will hopefully find at the NADA convention. This convention will have THOUSANDS of Dealers attending, so signing 150 of them should be easy if this product stands out above the rest. I believe it does, since it is the only HAND HELD/Web based CRM Software available!
Remember, SH was at the convention last year and decided then that he needed to stand out and be the best and WebDA is what he decided the Dealers wanted. I think he learned this from asking them and they replied, "We want a web based, hand held, easy to use software, that is affordable!" SH seems to already know that this convention is going to be huge for DLAV and I think he is correct.
BTW, Remember all the talk about EXPANDING TO EUROPE??????? Yep, That is another reason to ACQUIRE an existing Company, its LOCATION!!!!!!!! I bet it is a European Company. JMO but it all fits together. You can offer their software here to WebDA clients and they can offer WebDA to their existing clients. It is the perfect opportunity to expand into Europe and turn DLAV into a World Wide Leader in its Industry!
Just wait and see, the real fireworks are yet to come my friends!
AI
