The Car and Truck Fleet and Leasing Management Magazine

Autodaq and Finalize Merger

October 17, 2002, Inc. and Autodaq Corporation announced in October the closing of their merger agreement, which was signed in June. The union was strongly approved in recent shareholder meetings of both companies. Called AutoTradeCenter, Inc., the new entity is an Internet-based business-to-business company offering a comprehensive set of upstream remarketing services for manufacturers, leasing, rental and fleet companies, wholesalers, and manufacturers. In the next few months, it will launch new products and services to further streamline and enhance the upstream Internet vehicle remarketing process. Autodaq President and CEO Adam Boyden is chairman of the board of the new company, and President Roger Butterwick is the president. Three board of directors members from will join the new company’s board of directors. AutoTradeCenter, Inc.’s administrative offices and technology group is located in Menlo Park, CA, and the Internet dealer services operation center in Mesa, AZ. Minneapolis is home to the company’s remarketing management, lease maturity management and sales and leadership-training center.
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