Thursday, March 02, 2006 10:53:53 AM
Snap N' Sold's HotAutoWeb Subsidiary Announces 90 Day Listing and Sales Activity
By BusinessWire
Last Update: 3/2/2006 9:04:01 AM Data provided by
PALM HARBOR, Fla., Mar 02, 2006 (BUSINESS WIRE) -- Snap N' Sold Corp. (Pink Sheets:SNPD) today released recent sales activity for its HotAutoWeb strategic business unit. As of March 1st, the Snap N' Sold subsidiary has closed sales in excess of $390,000.00 for the prior 90 day period, while estimated retail value of new listings climbed to in excess of $1 million.
The closed sales included a 2005 Harley Davidson(TM) Road King Custom, a 2003 Harley Davidson(TM) Road King Touring (Harley-Davidson(R) is a trademark of Harley-Davidson Corporation) (HDI), a 1934 Ford Sedan Delivery, a 1967 Ford Fairlane 427, a 1956 Ford Thunderbird, a 1939 Ford Coupe Rod (Ford(R) is a trademark of Ford Motor Company (F), a 1946 Chevy Pick Up, a 1995 Corvette ZR1 (Chevy(R) and Corvette(R) are trademarks of General Motors) (GM) and a 1951 Hillegass Sprint Car.
The Company also announced that it has listed 27 classic and high-end automobiles and motorcycles over the same time frame, carrying an estimated total retail value of over $1 million. This inventory includes vehicles with estimate values as little as $13,500 for a 1956 VW Bug (VW(R) is a trademark of Volkswagen AG) and as much as $125,000 for a 1936 Dodge Big Horn Delivery (Dodge(R) is a trademark of DaimlerChrysler AG (DCX).
Snap N' Sold Chairman, James G. Grady, commented, "Our HotAutoWeb subsidiary continues to show steady listing, sales and repeat customer growth and we are very happy with its performance to-date. We are in the process of filling-out our regional representation on a national level and fully expect that initiative to translate into geometric growth as we add more representation. Indeed, it is a very exciting time for the company."
About Snap N' Sold Corp.
Snap N' Sold Corp., http://www.snapnsold.com, is engaged in the eBay (EBAY), drop store industry with competitors, Las Vegas based Net2Auction Inc. (Pink Sheets:NAUC), subsidiary of AmeriResource Technologies, Inc. (AMRE), Dallas based Orbit Drop, Inc. (Pink Sheets:OBDP) and Auction Mills Incorporated (Pink Sheets:AUML) as well as other auction facilitators like the EZ2Companies.com, (EZTO). Snap N' Sold is managing its growth through the acquisition of community-centered retail "thrift stores" that will continue operating in that business while also acting as local eBay drop store 'consignment centers' and corporate and estate asset disposition offices. Snap N' Sold Corp. also through its HotAutoWeb subsidiary, http://www.hotautoweb.com, is engaged in the business of direct-to-consumer sales and auctions of highly-coveted classic, race cars and hot rods. While HotAutoWeb currently sells other forms of conveyance, such as RVs, airplanes, motorcycles and boats, the company will be building vehicle-specific web sites to facilitate listings and sales in the same manner as HotAutoWeb. The company is also instituting a National Regional Representative Program to drive local service representation and national listing and sales growth.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Snap N' Sold Corp., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: Snap N' Sold Corp.
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