Advanced Credit Announces Its Entree Into the "Pre Owned Vehicle" Sector GlobeNewswire "Press Releases"
MINNEAPOLIS , June 27, 2013 (GLOBE NEWSWIRE) -- Advanced Credit Technologies, Inc. (OTCBB:ACRT) announces that we have signed licensing agreements with Kings Auto Show with locations in Brooklyn, NY and Linden, NJ . We have also signed a license agreement with Automotive Concepts which has five dealerships in the Minneapolis/St Paul area. These dealerships will be offering our TurnScor credit management software to their customer base to fortify their credit applications with their lenders.
The pre-owned vehicle sector represents an enormous opportunity for the Company in as much as the sector consists of the perfect demographic for our platform as it relates to both the wholesale and retail markets. This sector is comprised of 119,451 total Pre Owned Car/Truck Dealerships, which is oversix times the size of the "New Car" market in terms of franchises and or independent dealerships owned. These statisticswereverifiedby IBIS World Market Research in their 2011 report on this market vertical (
www.marketresearch.com).
The opportunity here for our Company is to assist the dealerships and ultimately the customer in attaining and or maintaining a credit scorenecessary for buying or leasing a new or pre-owned car or truck.
Based on our initial launch results, the company has determined that a 1% marketshare is feasible and attainable as we expand our awareness and marketing capabilities in the near future.
TurnScor as a "value added service" will undoubtedly bring in additional referrals and build "brand loyalty" to each of these dealers as well as our product. By simply adding our software into their existing sales and marketing budgetfor $395.00 per monthit is very easy for the dealer to get on board with this forward thinking software. They get unlimited use of our credit repair platform andallowing the customer to usea life changing credit management software programwith a retail value$399.00 for no charge since it is absorbed at the dealer level. This is a great way to separatea dealer from its competitors.
We welcome Kings Auto Show and Automotive Concepts and look forward to the financial opportunity that exists within the automotive industry as well as other markets that we will be exploring in the future.
CONTACT: Chris Jackson CEO Advanced Credit Technologies, Inc.
15322 Galaxie Ave Suite #112 Apple Valley, MN. 55124 651-905-2932 support@turnscor.com
This is not a reco to buy! Please do your DD!
