Stock Market Alerts' performance stock list includes: Rocket City Automotive Group, Inc (PINKSHEETS: RCAU), Ford Motor Company (NYSE: F), XM Satellite Radio (NASDAQ: XMSR), Caterpillar Inc. (NYSE: CAT).
Stock Market Alerts is once again urging investors to monitor Rocket City Automotive Group, Inc. (PINKSHEETS: RCAU), which began trading on March 23rd, as the company continues to show progress on several fronts! Thursday morning, the company announced that wholly owned CompleteAuto General Motors (GM) dealerships now occupy the largest percentage of the CompleteAuto dealer client-base. Over 50 GM authorized dealers have already contracted to adopt the CompleteAuto listing software.
More great news for RCAU investors! Among them, Hare Auto Group, Indiana's largest volume dealer and the oldest transportation company in the nation, has already begun optimizing the CompleteAuto software for their automotive online sales. Over 6,000 monthly vehicle listings are estimated solely from the GM dealers.
Contracts from the GM dealers have significantly increased CompleteAuto's revenues as well as the creditability within the automotive industry. Not only will CompleteAuto's revenues increase but the heightened visibility will allow for the offering of future products and services to this prestigious group of dealers -- thus bringing additional income into the company.
This is certainly another company for investors to watch closely! Another press release was issued yesterday announcing that CompleteAuto kicks off its new multi-venue product offering with AutoTrader.com by contracting Radley Acura, the second largest volume Acura dealer in the United States, to begin utilizing the CompleteAuto solution for their online marketing campaigns. Radley Acura has adopted the CompleteAuto listing software to optimize its multi-venue capabilities of listing their vehicles on both AutoTrader.com and eBay Motors simultaneously. Radley Acura will be charged a recurring monthly fee for the use of the CompleteAuto listing solution.
Also yesterday the RCAU Board of Directors announced that after its consultation with the previously described financial investment firm, they have elected to begin making efforts to seek listing on the American Stock Exchange (AMEX). RCAU is scheduled to meet Friday, April 6, 2007 with a privately held investment firm to begin organizing proper documentation to obtain a multi-million dollar capital infusion to satisfy one of the requirements needed to advance to the American Stock Exchange.
Watch this company!
The stock closed Wednesday at $4.47 a share.
CompleteAuto functions as a certified solution provider for eBay Motors and offers proprietary software, personnel and design solutions to hundreds of automotive dealerships around the country. CompleteAuto is a wholly owned subsidiary of Rocket City Automotive Group Inc., which was formed to acquire, manage supervise and operate corporations specializing in eBay, eBay Motors services, eCommerce, software development and retail automotive operations.
Complete Auto and Rocket City believe there are enormous growth opportunities in the $1 trillion automotive retailing industry. The experienced management team will continue to execute strategic initiatives to maximize operations in this marketplace with their products and services.
Other Stocks of interest yesterday were:
Ford Motor Company (NYSE: F) down 0.5% on 29.5 million shares traded. Ford Motor Company is one of the world's largest automakers.
XM Satellite Radio (NASDAQ: XMSR) up 1.4% on 6.9 million shares traded. XM is one of America's satellite radio companies with more than 7.6 million subscribers.
Caterpillar Inc. (NYSE: CAT) up 0.3% on 3.2 million shares traded. Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent.
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