SOURCE: SourcingLink.net Inc.

SourcingLink.net Inc.

February 21, 2012 08:00 ET

SourcingLink.net Inc. Secures Fleet Financing

LAKE FOREST, CA--(Marketwire - Feb 21, 2012) - SourcingLink.net Inc. (PINKSHEETS: SNET) announces that its subsidiary, Alliance Auto Group (AAG), has secured financing with a private lender located in Long Beach, California. The Financing will allow Alliance Auto Group to add vehicles to the fleet as needed.

AAG President William Paige stated, "This financing will enable us to increase the fleet by 5-10% per month. The financing option couldn't have come at a better time. Over the past month our business model has gained exposure due to the flexibility of the program and also because our presence at two of the biggest celebrity events of the year. We have focused on branding the AAG name and as a result we have received a lot of inquiries about our services from retail and commercial interest. The business is exploding and we are ready to maintain and keep up the momentum. We look forward to updating shareholders about our up-and-coming newest additions to our fleet."

More information about upcoming events can be found at www.sourcinglinknet.com and www.allianceautogroup.com.

SourcingLink.net Inc. trades on the Over the Counter Market under the stock ticker symbol SNET.PK.

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 doesn't.

Our 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 Info:

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

    Email: Email Contact