Victor, NY (PressExposure) October 30, 2008 -- Exit Only, Inc. (PINKSHEETS: EXTO) and Text4cars, a wholly owned subsidiary of Exit Only, Inc., are pleased to announce the signing of Auction Direct USA to deliver their vehicle inventory to the Text4cars.com website.
Auction Direct USA offers a unique car buying experience, allowing consumers to shop a large inventory of clean, late model, popular brand cars, trucks and SUVs, and purchase at a reserve price plus a flat $399.00. Every car sold at Auction Direct USA drives away with a complete CARFAX Vehicle History Report and a 3-day, 500- mile guarantee.
"We are very pleased at the incredible growth we are experiencing by signing on used car dealerships like Auction Direct USA which has over 1500 cars in inventory. We feel Auction Direct USA's popularity will help us penetrate the U.S. market. We anticipate our revenue model to exceed our original projections based on the website activity and popularity we have experienced on the new Text4cars USA site," said David Dion, CEO of Exit Only Inc.
About Exit Only Inc.
Exit Only Inc.'s fully owned subsidiary, Shortcode Inc., owns the unique car buying website http://www.text4cars.com. Text4Cars.com was initially launched in Canada in January 2007. Its Canadian website currently features over 35,000 cars. Due to their incredible popularity in Canada, they are currently aggressively entering the U.S. market. Within a few weeks they ramped up to over 7500 cars. Text4cars.com is unique because they do not charge a fee to individuals or dealers for posting their vehicle. Their revenue is generated by charging the seller $2.00 each time they receive a text message requesting information on their vehicle. They have third party agreements with AT&T, Sprint Nextel, Verizon, Midwest Cellular, Suncom Cellular, Virgin U.S., and U.S. Cellular. These companies charge their users $2.00 each time they accept a text message from Text4cars.com. Buyers can only contact the seller through text messaging. New and Used Car dealerships don't pay anything to have their cars listed, they pay a $199 set up fee, a $99 quarterly fee, plus $2.00 for each text message they receive. Since the company's appearance at the 2008 NADA Show in March, they listed over 7500 cars in their first two weeks.
About Auction Direct USA Used Vehicle Superstore
Founded in 2005 Auction Direct USA, a national used vehicle retailer headquartered in Rochester New York, is committed to revolutionizing and legitimizing the used car business. Guided by principles of trust and open information exchange, Auction Direct USA provides a truly unique and satisfying used car buying experience. Auction Direct USAâs unique customer proposition includes a three-day 500-mile money back guarantee and no hassle every day best pricing, along with an attentive sales approach in an exciting auto auction atmosphere.
For more information about Auction Direct USA, please visit Auction Direct USA and Why Buy Used Cars
Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements.