TACOMA, Wash., April 1, 2005 (PRIMEZONE) -- Jim Nelson, President of Traderspick, announced at their Friday morning meeting on 04-1-05 that NowAuto (Pink Sheets:NWAU) is a "diamond in the rough".
Nelson went on to state, "Some good companies have one good profit center, while NowAuto has three strong profit centers. First, they make a nice profit on the cars they sell, usually about 40% gross profit per vehicle. Second, NowAuto generates 29.99% interest on the loans they finance. Finally, they make money on their revolutionary NAVICOM GPS system with installation fees as well as recurring monthly fees. We also expect several new Navicom contracts to be announced shortly. NowAuto has made impressive moves even though it is listed on the Pink Sheets and the Company is expected to file to become fully reporting in the near future. We expect April to be a breakout month for NWAU."
Nelson concluded, "NowAuto is revolutionary because they target the multi-billion dollar sub-prime finance market. This is a market that very few banks will invest in. The Country's credit scores are going down because of many individuals getting into credit trouble due to poor credit management. For this reason, NowAuto has significant potential with their No Credit Check Auto Loans. In my opinion, investors that purchase NowAuto shares could participate in a company that has a revolutionary product and excellent growth potential."
"Companies in the automotive industry should command a P/E ratio of 20 times earnings. Based on its earnings forecast of $0.35/share for this year provided by NowAuto, that would mean that NWAU should realistically achieve a price level of $7.00 per share within the next 12 months."
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Feel free to check out the corporate websites:
Corporate website http://www.NowAuto.net Vehicle Dealer Website http://www.nowauto.com Spanish Version Dealer http://www.PezGordo.com Navicom GPS http://www.NOWGPS.com
For more information about NowAuto, Inc. please contact Scott Miller at 480-990-0980 or SMiller@NOWAUTO.com or Finn Walstad, CEO of OTCGrowth.com at 253-564-9254 or ceo@otcgrowth.com
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