2008-05-21 01:59:44 -
- Growth Technologies International, Inc., a Florida Corporation (Pink Sheets:GRWT) ("Growth Tech" or "the Company"), is pleased to announce that Lot Force, its wholly owned subsidiary, has successfully initiated a nationwide expansion of services intended to allow automotive dealers to take advantage of its latest service offerings. These services are designed to keep dealers ahead of the technology curve and
provide them with significant competitive advantages. Thus far, results from the campaign have resulted in 75 new client acquisitions and a 50% increase in business.
Lot Force (www.lotforce.com) works with automotive dealers to deliver powerful, online marketing solutions that include several different service levels from simple picture taking to full service Lot and Internet lead management. Lot Force specializes in helping dealerships get the most from their marketing budgets by concentrating on effective, low cost industry websites such as eBay, AutoTrader and Cars.com data exports, along with search engine optimization campaigns.
Matthew Brown, CEO and President of Growth Tech, stated, "We're excited that we are able to take advantage of the growth opportunity in the online automotive industry. By leveraging our reach through our AuctionSound software subscriber base, Lot Force is delivering products to these dealers that are cutting edge allowing the dealership's sales teams to generate leads, and ultimately sales, by employing techniques that we have spent the past five years creating. These techniques are not only proven but have helped other brick and mortar type retailers expand their products through online portals and the latest web technologies."
"Lot Force technologies and services transform the economics of how these automotive dealers leverage the value of their assets to sell more inventory. Lot Force has made an impact early in this industry by preaching and delivering `Quality.' Our continued success has proven that Lot Force represents an unparalleled opportunity for our clients and we believe this is the appropriate time to expand on a national level," concluded Mr. Brown.
For more information, please visit: www.GrowthTechnologies.com and www.LotForce.com.
About Growth Technologies International, Inc.
Growth Technologies International, Inc. ("Growth Tech") is a leading developer of web-based technologies for businesses of all sizes. Growth Tech has achieved its own success through the execution of a strategy that emphasizes diversity and interrelated revenue streams. Growth Tech enables businesses to capitalize on technologies that are critical to the evolving world of online sales and marketing. Growth Technologies software programs, licensing products and online solutions bridge the gap between customers, online portals and client needs. AuctionSound is an ASP application for online asset management and was created for Online Trading Assistants to manage online sales and consignment products. AuctionSound includes customer management, listing tools, auction templates, image hosting, shipping and financial reporting, all from one interface. The AuctionSound and Lot Force platforms provide a turnkey solution to the product-to-cash cycle across multiple marketplaces and Growth Tech's suite of eCommerce products allows customers the flexibility to manage their shopping experience. Growth Tech customers range from independent retailers striving for an online presence to entire franchise chains seeking an intelligent solution to manage their network of stores. Growth Tech continues to develop strong relationships with both customers and peripheral service providers to bridge the digital divide between consumers and businesses. AuctionSound is a certified compatible application that supports various business models in several countries.
Disclaimer: CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS. This press release contains "forward-looking statements," which are statements related to future, not past, events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.
Growth Technologies International, Inc., Tampa
Andrew Barwicki, Investor Relations
516-662-9461,
Andrew@barwicki.com
813-470-7094,
Investors@GrowthTechnologies.com