SOURCE: SourcingLink.net Inc.

SourcingLink.net Inc.

May 23, 2012 09:45 ET

SourcingLink.net Inc. Receives $750,000 From Private Investor Jon Marker of RenuTeck, Inc.

LAKE FOREST, CA--(Marketwire - May 23, 2012) - Sourcinglink.net, Inc. (PINKSHEETS: SNET) subsidiary Alliance Auto Group (AAG) has secured a private investment in the amount of $750,000.00 from Jon Marker, CEO and co-founder of RenuTeck, Inc.

Alliance Auto Group management commented, "We consider Mr. Marker's investment in Alliance Auto Group to be a big endorsement of our business model and philosophy. The result of Mr. Marker's investment means a 20% increase in our luxury fleet, and will also be used to add additional watercraft to the existing fleet for members' summer enjoyment. This investment will be used to facilitate the growth Alliance Auto Group is experiencing due to exposure from national marketing efforts and increased brand recognition."

More information about Alliance Auto Group can be found at: www.allianceautogroup.com.

About SourcingLink.net Inc.:
SourcingLink.net Inc. is a holding company based in Orange County, California. Through its subsidiaries, the Company is engaged in the car share and automobile membership services. These services allow members access to a fleet of vehicles at a fraction of the cost of ownership and renting, but provides flexibility that leasing does not.

The company motto is, "Why Experience one, when you can drive them all?"

For more information visit the company's website at: www.sourcinglinknet.com and www.allianceautogroup.com

Forward-Looking Statement
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

Contact Information

  • Contact:

    Valerie Paige
    CEO
    SourcingLink.net, Inc. (PINKSHEETS: SNET)
    27 Orchard Road
    Lake Forest, CA 92630
    Phone: 949-328-6650
    Email Contact