Ostara Announces Deal To Power Omahacars.com [DXHFTVL]
Business Editors/High-Tech Writers/Automotive Writers
WERNERSVILLE, Pa.--(BUSINESS WIRE)--Feb. 23, 2005--Ostara Corporation (OTC:OTRC) is pleased to announce that its deep web crawler technology will be powering Omahacars.com. The online auto classifieds site sought out Catalyst Solutions Inc., a wholly owned subsidiary of Ostara, because of its ability to provide it with the largest selection of cars available in its market. Omahacars.com joins KSLcars.com, Komo4cars.com, Carsonnews10.net and other Catalyst clients that now have the largest databases in there markets. Through its use of local media partners Omahacars.com will provide car buyers and sellers the best online experience in Nebraska.
Through the use of its DBC System's Data Mining Technology Catalyst Solutions has built automobile databases of up to 1.4 million cars which makes it second only to Autotrader.com. Catalyst Solutions is now focused on building the largest database of cars for its partners as it rolls out an aggressive national campaign.
Ostara CEO, Chad Sayers indicated that other strategic partnerships are in the process of being finalized, and that at current growth rates the Catalyst Solutions database is on track to surpass Autotrader.com in number of cars by April of 2005.
Mr. Sayers stated, "The most remarkable aspect of approaching, and soon surpassing Autotrader.com, is that our deep web crawler has done in a matter of months what it has taken them several years to compile. We fully expect the same market penetration in other verticals to which this technology is applied. Real Estate and jobs are next."
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's operations, imprecision in estimating product reserves and the Company's ability to replace and expand its real estate and software interests. Ostara Corp. assumes no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.
--30--RB/ph*
CONTACT: Ostara Corporation, Wernersville
Alfonso C. Knoll, 610-678-7900 (Office)
www.ostaracorp.com
KEYWORD: NEBRASKA PENNSYLVANIA
INDUSTRY KEYWORD: AUTOMOTIVE SOFTWARE INTERNET E-COMMERCE MARKETING AGREEMENTS
SOURCE: Ostara Corporation
Copyright Business Wire 2005
23Feb05 14:18 GMT
Symbols: us;OTRC
Source BW Business Wire
Categories: MST/I/AUT MST/I/NET MST/I/SOF MST/L/EN MST/R/US/NE MST/R/US/PA MST/S/PDT TGT/BWN
News 
Market Data 
Discover 
