The Automotive Resource Network Holdings, Inc. (ARNH) Announces The Acquisition & Assignment Of The First Multimillion Dollar Asset In Conjunction With ARNH’s “Three Step Plan”
NEW YORK, March 12, 2013 /PRNewswire/ — (Pinksheets: ARNH) The Automotive Resource Network Holdings Inc.’s CEO Kathleen Roberton announced today that they have acquired, through an assignment, 245,000 Pre-Paid Gift Cards with the exclusive use of the Entrust America name that will thrust the company into the world of Identity Theft Protection, with impact. The acquisition and assignment will also help the company to start putting equity on the balance sheet. These Gift Cards have a face value of $200 per Gift Card; therefore ARNH can offer them from $49 all the way up to $200 per Gift Card to the general public, focusing on value with a discount. ARNH will be selling these Cards as part of their Assignment Agreement, to individuals who are keenly aware of the problem of identity theft. Comparable values for competitive services in the identity theft space are upwards of $275.00 per customer yearly subscription for families of only 4 members. ARNH is poised to sell these Gift Cards through its direct marketing team, for half that cost, with more value to the end subscriber, so that it can begin to establish a wholesale value on the entire library, based on US GAAP and SEC Standards. Terms will be disclosed, once the company completes an audit to become a fully reporting company on the Bulletin Board.
CEO Kathleen Roberton states “the financial loss to families is enormous; over 13 Billion Dollars was stolen from over 8.5 million people in 2010 alone; this creates a huge opportunity for us with this recent asset acquisition.” Entrust America is the only company that has a fully automated and managed identity theft recovery system in the United States. Entrust provides each member with the nation’s best Identity Theft Protection and Recovery Product by using certified law enforcement officials as the recovery agents for every member. Not only does Entrust America utilize certified law enforcement officials to recover their member’s identities but they also proactively register every identity theft and fraud with 3VR Crimedex.
Kathleen Roberton, further states, “it is our goal to sell as many of these Identity Theft Gift Cards, at discounted prices from our competitors, without degrading the quality of the services being offered by others in the space. We can also establish a quick evaluation of the asset, based on a limited amount of sales every month, and the actual cost of creating, the liability against Identity Theft through these Cards. We don’t need to sell the entire library to establish value, but we need to create a value separate from the cost basis, in order to adequately carry it on our balance sheet. The LifeLock model is certainly the gold standard for marketing and visibility in the industry, and we think that we can carve out a niche for ourselves by substantially lowering the price for unprecedented value. We have the marketing team, and now we have a product that is universally recognized as a need not a want today, because of the size and scope of identity theft. We look forward to any shareholder inquiries on the matter, as we begin to rebrand ARNH to our stockholders.”
About The Automotive Resource Network Holdings Inc.:
The Automotive Resource Network Holdings, Inc. specializes in offering a month to month vehicle service contracts to cover mechanical breakdown of cars. The industry boasts over 275 Billion dollars in sales each year. The month to month offers the lowest possible monthly payment and is in a position to dominate the market through different vertical markets.
ARNH cautions that the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.
SOURCE Automotive Resource Network Holdings, Inc.