LONDON, May 18, 2004 (PRIMEZONE) -- Auto-Q International Inc, (OTCBB:AUTQ), a leading supplier of vehicle tracking and monitoring systems for trucking fleets and consumers, is pleased to announce it's financial results for 2nd quarter ended March 31st 2004.
Total revenues for the three months ended March 31, 2004 and March 31, 2003 were $205,338 and $121,740 respectively, representing an increase of $83,598 or 68.7% for the three months ended March 31, 2004 from the three months ended March 31, 2003. The net loss for the three months ended March 31, 2004 was $479,489, or $.01 per share.
Auto-Q CEO Paul Spetch commented, "We are very pleased with our increased sales to our existing client base, and anticipate further orders to be completed throughout the year." CEO Paul Spetch is currently featured in an on-line interview at Macreport.net. Mr. Spetch discusses current operations as well as other matters impacting the future performance of the Company.
The Auto-Q International Inc. interview is available at www.macreport.net.
About Auto-Q International Inc.
Auto-Q designs and supplies mobile data acquisition and vehicle tracking systems using global positioning systems and telematics technology. Auto-Q's products are used for vehicle fleet and asset management including tracking, positioning, security, fuel monitoring, navigation, data acquisition and reporting.
For more information on Auto-Q International visit http://www.auto-q.com/ or contact Matt Maguire at 407-884-0444 or 1-866 THE APPLE.
Certain statements contained herein are ``forward-looking statements'' (as such term is defined in the Private Securities Litigation Reform Act of 1995) Because such statements include risks and uncertainties actual results may differ materially from those expressed or implied by such forward looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements include but are not limited to, economic conditions, market acceptance of products, risks in technology, and product development.