NEW YORK, May 31, 2012 /PRNewswire/ -- (Pinksheets: ARNH-News) -- The Automotive Resource Network Holdings today announced that they have been working for the past 4 months to secure numerous key agreements surrounding a new vehicle service contract product and revenue producing partners.
Culminating more than three months of negotiations with numerous suppliers and vendors, our new VSC product allows for almost 40% more coverage for the average used car supplied exclusively by TheARN, at no additional cost to the customer. TheARN's new product will be branded with its own identity and is backed by vendors and partners who are widely recognized and known in the industry for their superior customer service, rapid response time to claims time, and now with the new enhanced coverage we have trumped the competition.
Kathy Roberton, CEO TheARN stated, "This product and the pending agreements have taken almost (4) four months to put together but they are well worth the wait. We (TheARN) can now provide better coverage than the competition with better service than is currently offered." Roberton went on to say, "This provides the catalyst and foundation for the other agreements that we are working on with several top MLM professionals to bring in up to 10,000 new distributors within the next 6 months; a massive retail chain outlet (within the automotive industry) which desires to market our new VSC and Nano Technology products to a multimillion person double opt-in database, state-of-the-art text messaging marketing technology which allows consumers to purchase via their cell phone, and private funding partners to support our growth model for T.V., radio, direct mail and Internet sales. This makes for a very solid foundation for TheARN and it is an exciting time both TheARN and Investors!"
TheARN has at the time of this press release several key contracts and agreements in hand or pending in legal that are projected to produce substantial revenue in the 2nd, 3rd and 4th quarter of 2012. As each agreement becomes fully executed we will immediately release this information.
About The Automotive Resource Network, Inc.: The Automotive Resource Network, Inc. offers a unique month to month vehicle service contract and roadside assistance products direct to consumers through independent sales channels.
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 May 31th, 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 The Automotive Resource Network Holdings, Inc.