AutoTradeCenter Canada Ltd.

AutoTradeCenter Canada Ltd.

March 14, 2005 18:26 ET

AutoTradeCenter Canada Ltd.: News Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AUTOTRADECENTER CANADA LTD.

TSX VENTURE SYMBOL: ATO

MARCH 14, 2005 - 18:26 ET

AutoTradeCenter Canada Ltd.: News Release

LETHBRIDGE, ALBERTA--(CCNMatthews - March 14, 2005) - AutoTradeCenter
Canada Ltd. (TSX VENTURE:ATO) (the "Company") announces the closing of
its non-brokered private placement of $300,000 of convertible debentures
(the "Debentures") previously announced on February 14, 2005. Each
Debenture bears interest at the rate of 10% per annum and is due two
years after the date of issuance (the "Maturity Date"). Each Debenture
will be convertible into units (the "Units") of the Company at a
conversion price of $0.25 per Unit. Each Unit will consist of one common
share (a "Common Share") of the Company and one non-transferable warrant
entitling the holder thereof to purchase one Common Share at an exercise
price of $0.30 until the Maturity Date. The Debentures and the Common
Shares underlying the Debentures are subject to a four-month hold period.

ATC Canada offers a combination of services and technology products for
Canadian companies engaged in wholesale vehicle remarketing, including
its on-line vehicle auction platform. The Company also has exclusive
rights to use and license cDemo Inc.'s Inspection Intelligence
technology; standardizing the vehicle assessment data collection process
and enabling the customer to manage 'virtual' vehicles' on-line. ATC
Canada provides a seamless remarketing solution from inspection to
delivery.

Statements in this release which describe the Company's intentions,
expectations or predictions, or which relate to matters that are not
historical facts are forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties which may
cause the actual results, performances or achievements of the Company to
be materially different from any future results, performances or
achievements expressed in or implied by such forward-looking statements.
The Company may update or revise any forward-looking statements, whether
as a result of new information, future events or changing market and
business conditions.

(Not for dissemination in the United States of America)

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    AutoTradeCenter Canada Ltd.
    Allan Chell
    President & CEO
    (403) 328-4343
    Email: allan@globalautolink.com
    Website: www.autotradecenter.ca
    or
    Brisco Capital Partners Corp.
    Andre Arrata
    (403) 262-9888
    Email: aarrata@rogers.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.