NEW YORK, April 10, 2012 /PRNewswire/ -- (Pinksheets: ARNH) The Automotive Resource Network Holdings (ARNH.PK) announced today that the company will move all operations into a new Executive Office Center in Fort Lauderdale, Florida. This decision to centralize activities into a single location was made during a series of meetings held earlier this month involving TheARN's Board of Directors, top Executives and other key personnel, and is scheduled to be implemented over the next 60 days. The new corporate offices will house offices for the company's top executives as well as accounting, marketing and product development personnel, its newly formed motorsport marketing division, a customer service call center, an outbound product sales call center, and a state-of-the-art training center.
This announcement of this move comes on the heels of a series of actions the company has recently taken to strengthen its structure and streamline its operations in preparation for a series of major upcoming marketing campaigns. Within the past month TheARN has reported a significant reduction in its debt, a decrease in its authorized shares, a new exclusive product launch, a turnkey system offering financing and other new unique services for the used car market, an agreement with Power Brands to spearhead and develop its marketing and branding initiatives, network marketing license agreements, an email marketing system, DRTV commercials & sponsors, and the solidification of marketing agreements with key personnel and partners.
Kathy Roberton, CEO of The ARN, commented, "This is a wise strategic move for the company in many ways and without a doubt it makes sense from an economic stand point. TheARN will be closing its offices in Dallas, Texas and New York City effective June 1st and I will be moving to South Florida to personally oversee this relocation. Having all of these company operations on one campus will allow the company's various departments and units to share resources, cut operating costs, better train our associates, and continue to grow and develop TheARN Culture. There are many concrete reasons to implement this move at this time, including a more favorable state tax structure, the availability of prime real estate without inflated cost, easier access for both local employees and national associates and vendors, and a ready pool of top call center sales talent. Our new location will also give us close access to key vendors, associates and contacts including our DRTV film crew, our new mass email marketing partner, WrapMail, key associate Rich Hays, who heads up our product development and motorsports divisions, and several of the company's top distributors."
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 April 10th, 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.