GRANGER, Ind., Nov. 22, 2004 (PRIMEZONE) -- Shazamstocks.com, announced today that the web site has updated the positive events that have occurred in its first week of its profile on NowAuto, Inc. (Pink Sheets:NWAU). On Friday, November 19th, the shares were up as high as 150% since the launch of the profile. This gain was on record volume of over 2 million shares trading in 2 consecutive days. NowAuto has recently raised guidance for 2005 and investors have taken notice. NowAuto expects to earn net income in excess of $3,000,000 or 30 cents per share in 2005.
About NowAuto, Inc.
NowAuto, Inc. is a publicly traded automotive dealer, sub-prime finance, and GPS technology company that specializes in the $20 billion dollar sub-prime automotive finance industry. NowAuto, Inc. offers no credit check auto financing by charging 29.9% interest rates and installing a GPS unit in every vehicle. This unit (called Navicom) can locate the vehicle, disable the starter via the Internet and even point and click auto repossession if borrowers are late on payments. NWAU is one of the few companies that actually make money on repossessions. The past thirty days have been an exciting time for NowAuto, Inc. and Shazamstocks.com believes this is a good time to take a look at this company. There have been many important and exciting activities taking place that provide us with the confidence that NowAuto, Inc. will move forward with an excellent chance for success
About Shazamstocks.com
Shazamstocks.com publishes profiles on up and coming publicly traded companies. Shazamstocks.com is one of the nation's top Internet destinations for small cap stock information. To feature your company, please call Ken Weiner, our Publisher at (574) 273-8755 or email editor@shazamstocks.com.
Disclosure: Shazamstocks.com has been compensated by a third party for publication of this profile. Details can be found at http://www.shazamstocks.com
Forward-Looking Statements
Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism. Information with respect to important factors that should be considered is contained in the company's Annual Report on Form 10-K as filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.