Pacer Developed Markets ... (AMEX:ICOW)
Historical Stock Chart
From Jun 2019 to Jun 2024
Icoworks grosses approximately $750,000 for Santiago Sports & Classics Collector
Car Auction
BELLINGHAM, WA, Dec. 22 /PRNewswire-FirstCall/ -- Icoworks Inc. (OTCBB:ICOW)
(FRANKFURT:ICOW.F) today announced that the Santiago Sports and Classics
Collector Car Auction, held in Oklahoma City, Oklahoma, on December 5th and 6th,
2003, grossed approximately USD$750,000. The auction was the first conducted by
Icoworks Services Inc. since Icoworks Inc. acquired the rights to auctions
hosted by Santiago Sports and Classics Collector Car Auction in November of this
year.
Over 220 classic cars registered for the auction and over 65% of those cars
sold, which is an impressive number of sales for the classic car auction
industry.
"The outstanding success of this auction is indicative of the strong management
experience of Santiago. We intend to capitalize on this experience by expanding
the classic car sector of our auction business, and are currently investigating
several new cities and locations for future auctions," stated Mr. Graham
Douglas, President of Icoworks Holdings Inc.
About Icoworks Inc.
Icoworks Inc. has acquired a 56% interest in Icoworks Holdings Inc.
(http://www.icoworks.com/) an integrated Commercial/Industrial Auction company.
In November of 2002 Icoworks Inc. announced its intent to merge with Icoworks
Holdings. Icoworks Inc. plans to acquire the remaining 44% interest in Icoworks
Holdings by issuing two shares of its common stock for each remaining share of
Icoworks Holdings. The Icoworks merger remains subject to approval by the
shareholders. The shareholder meeting will be held once requisite regulatory
documents have been prepared and filed.
Icoworks, through its subsidiaries, offers a complete array of industrial,
oilfield and commercial appraisal, liquidation and auction services. Every
Icoworks auction or liquidation benefits from many years of experience in the
industry, and a corresponding network of almost 200,000 proven purchasers.
Icoworks Holdings has a 25-year history of profitability, qualified experienced
management, excellent industry contacts, and a high- quality reputation for
finding qualified buyers for their sellers.
For more information contact:
Investor Relations
Westin Communications Inc.
Toll: 800-430-4034Tel: 604-669-3707
Email:
Web: http://www.westincomm.com/
Regency Financial Public Relations
Tel: 303-771-7300
Email:
This Press Release may contain, in addition, to historical information,
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. These statements are based on management's expectations and beliefs,
and involve risks and uncertainties. These statements may involve known and
unknown risks and uncertainties and other factors that may cause the actual
results to be materially different from the results implied herein. Key factors
that could cause actual results to differ materially from those described in
forward-looking statements are:
(i) the inability of Icoworks to complete the merger with Icoworks
Holdings to acquire the minority interest of Icoworks Holdings that
it does not own, of which there is no assurance; and
(ii) the inability of Icoworks to achieve the financing required to
pursue its plan of operations, of which there is no assurance.
Readers are cautioned not to place undue reliance on the forward-looking
statements made in this Press Release.
DATASOURCE: Icoworks, Inc.
CONTACT: Investor Relations, Westin Communications Inc., Toll:
800-430-4034, Tel: 604-669-3707, Email: , Web:
http://www.westincomm.com/; Regency Financial Public Relations, Tel:
303-771-7300,
Email: