DealerTrack Achieves Milestone of 375 Active Financing Sources in its Network
21 6월 2007 - 11:27PM
PR Newswire (US)
LAKE SUCCESS, N.Y., June 21 /PRNewswire-FirstCall/ -- DealerTrack
Holdings, Inc. (NASDAQ:TRAK), a leading provider of on-demand
software and data solutions for the U.S. automotive retail
industry, today announced that the number of active financing
sources connected to the DealerTrack(R) network has reached 375, an
increase of 23 percent since the end of 2006. "We are very pleased
to arrive at this milestone," said Mark O'Neil, chairman and chief
executive officer of DealerTrack. "In less than eight weeks, we
have added another 25 financing sources, a real testament to the
power of the DealerTrack network. Providing dealers with the
largest financing network helps dealers to best meet their
customers' needs and to sell more vehicles, while enhancing
origination potential for the financing sources." Approximately 90
percent of all franchised automotive dealers in the United States
are active in the DealerTrack network. Through DealerTrack, dealers
can electronically submit credit applications to the industry's
largest and most diverse network of banks, finance companies,
captive finance companies, credit unions and regional banks. In
addition, DealerTrack offers subscription products to dealers that
integrate with the credit application process and provide an
end-to-end sales and finance solution. Products and services in the
DealerTrack network improve sales performance, assist with
inventory management, and help to increase sales and finance
profits. DealerTrack's solutions enhance compliance while
integrating leads, desking, electronic contracting and
menu-selling. Through Arkona, Inc., which DealerTrack acquired
earlier this month, the company also now offers one of the
industry's most powerful and economical dealer management systems
(DMS). About DealerTrack DealerTrack Holdings, Inc. (NASDAQ:TRAK)
is a leading provider of on- demand software and data solutions for
the U.S. automotive retail industry. Our solutions enable dealers
to receive consumer leads, submit credit applications, compare
financing and leasing options, sell insurance and other aftermarket
products, document compliance, and execute financing contracts
electronically. In addition, the company provides dealer management
systems (DMS) through its Arkona, Inc., subsidiary. Over 22,000
dealers, more than 350 financing sources, and many other service
and information providers are active in the DealerTrack network.
For more information, visit http://www.dealertrack.com/. Safe
Harbor for Forward-Looking and Cautionary Statements Statements in
this press release regarding DealerTrack, the benefits of our
products and services, connecting additional financing sources to
the DealerTrack network, and all other statements in this release
other than the recitation of historical facts are forward-looking
statements (as defined in the Private Securities Litigation Reform
Act of 1995). These statements involve a number of risks,
uncertainties and other factors that could cause actual results,
performance or achievements of DealerTrack to be materially
different from any future results, performance or achievements
expressed or implied by these forward-looking statements. Factors
that might cause such a difference include: increased competitive
pressure from other industry participants, the inability to execute
any element of DealerTrack's business strategy, including the
retention of dealers and financing source customers; selling
additional products and services to existing and new customers;
success in expanding our customer base and product and service
offerings and integrating acquisitions; and other risks listed in
our reports filed with the SEC, including our Annual Report on Form
10-K for the year ended December 31, 2006. These filings can be
found at http://www.dealertrack.com/ and the SEC's website at
http://www.sec.gov/. Forward-looking statements included herein
speak only as of the date hereof and we disclaim any obligation to
revise or update such statements to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events or circumstances. CONTACT: Greg Slote DealerTrack
(516)734-3921 Tom Pratt RF|Binder Partners (212)994-7563
DATASOURCE: DealerTrack Holdings, Inc. CONTACT: Greg Slote of
DealerTrack Holdings, Inc., +1-516-734-3921, ; or Tom Pratt of
RF|Binder Partners, +1-212-994-7563, , for DealerTrack Holdings,
Inc. Web site: http://www.dealertrack.com/
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