NEW YORK, March 29, 2012 /PRNewswire/ -- (Pinksheets: ARNH) Automotive Resource Network Holdings (ARNH.PK) to release 4th Quarter 2011 results showing a 106% increase in sales over Q3, and a significant reduction of derivative liability to shareholders.
Kathy Roberton, CEO of ARNH said, "In the 4th quarter, we remained focused on fine-tuning software development, strategic debt reduction and foundational distributor growth." Roberton went on to say, "during this quarter, we also focused in on the acquisition of the WynShield product and preliminary upcoming agreements with DRTV and key consulting partners."
ABOUT THE AUTOMOTIVE RESOURCE NETWORK HOLDINGS, INC.
The Automotive Resource Network, Inc. is a direct marketing company that offers a unique month to month vehicle service contract, roadside assistance products, and nano-technology products direct to consumers through independent sales channels. Its soon-to-be released WynShield Pro product is a clear liquid that uses nano-technology to bond with vehicle windshields and other glass surfaces, keeping them cleaner, clearer, stronger, and hydrophobic by providing a coated surface that helps prevent bugs, rain, ice, dirt, and other debris from sticking.
Cautionary Statement Regarding Forward-Looking Statements
Statements in this press release relating to The Automotive Resource Network Holdings, Inc.'s future plans, expectations, beliefs, intentions and prospects are "forward-looking statements" and are subject to material risks and uncertainties. When used in this press release, the words "will," "future," "expect," "look forward to," similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of The Automotive Resource Network Holdings, Inc. (the "Company") that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this press release due to a number of risks and uncertainties. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur. All information set forth in this press release is current as of March 29th, 2012. The Company undertakes no duty to update any statement in light of new information or future events unless required by law.
The Automotive Resource Network Holdings, Inc.
SOURCE Automotive Resource Network Holdings, Inc.