Auctions International Inc. to Begin Providing Free NXGen GPS Mobile Asset and Vehicle Location Devices With Every Car Sale
KELOWNA, BC -- (MARKET WIRE) -- 07/16/08 -- Auctions International Inc. (PINKSHEETS: AUCI), a technology company that owns and markets proprietary software that enables real time online auctions of virtually any commodity in the wholesale market, has broadened its alliance with NXGen, Inc., a wholly owned subsidiary of NXGen Holdings, Inc. (PINKSHEETS: NXGH). NXGen, Inc. is an emerging data solutions provider that integrates GPS technology and asset location services for the public, corporate and government sectors.
Auctions International has teamed with NXGen to bundle NXGen's GPS vehicle tracking technology solution with each vehicle traded on AutoBidLive.com. The NXGen Business Solution seamlessly converges wireless communications (GSM) and the Internet with global positioning (GPS/GPRS) technology, enabling end-to-end mobile asset and vehicle location and monitoring solutions. NXGen also combines real-time GPS positioning and wireless communications systems to deliver precise, time-critical mobile asset status and history information for increased security, greater loss control and fleet logistics services.
Douglas Mann, President of Auctions International Inc., said, "The NXGen offer to AutoBidLive's dealer customer is something unique and we think that our customers will take advantage of the offer. Every 26 seconds a motor vehicle is stolen in the United States. NXGen's Auto Theft Recovery System is vital if you happen to own a car that is on the list of frequently stolen vehicles. More importantly, the vehicle's exact location can be made available to successfully recover the vehicle. Applications are endless. NXGen is able to help prevent your Teen-Driver in becoming a statistic! In addition the NXGen solution will allow you to track your stolen property and notify you when your property has been moved from designated areas."
Gene Hew-Len, CEO of NXGen, Inc., said, "We are pleased to expand our sales program by offering a value-added incentive with every deal on AutoBidLive. We look forward to expanding the awareness for our products as a result of this bundled service offering."
About NXGen, Inc.
NXGen Holdings, Inc., through its wholly owned subsidiary NXGen, Inc., is focused on providing solutions to commercial fleet operators, enhancing their productivity and operating efficiencies. NXGen specializes in the emerging, multi-billion-dollar GPS/telematics industry. NXGen's mission is to become a recognized leader in this industry by aggressively investing in new acquisitions, building strategic alliances and securing strategic partnerships with companies on the cutting edge of the GPS and telematics development -- thereby creating value for its shareholders. For more information, visit http://www.nxgengps.com/.
About Auctions International Inc.
Through its wholly owned subsidiary AutoBidLive, Auctions International Inc. is set to bring together over 65,000 North American licensed pre-owned auto dealers into a dynamic online auction reducing their dependence on physical auctions. By utilizing state-of-the-art technology, dealers can make bids in real time, move inventory, and search and buy vehicles specific to consumers' needs. For more information, visit http://www.AutoBidLive.com.
In addition to online automobile auctions for the wholesale market, Auctions International Inc. has identified multiple commodity verticals, which could benefit from its leading-edge online auction technology platform. Additional information about Auctions International Inc. as well as corporate structure and stock capitalization can be viewed on the Company's website at www.AuctionsIR.com.
This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity, access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
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