Company Performance Metrics
Michael Gililland: President, Business Development
The Business of AutoHouse:
AutoHouse has developed a proprietary, revolutionary post-consumer-sales software platform for this market on a SaaS (Software as a Service) basis. Current revenues are focused on the collision repair section of the industry which worldwide generates annually $560 million primarily from auto collision repair shops,
insurers and automobile manufactures.
The Software:
The AutoHouse software platform is proprietary, secure, and scalable.
Competition:
None.
Past Business Development:.
AutoHouse software has already achieved 45% to 50% penetration of the automotive collision repair industry in Canada
Current Business Development:
Early in 2015 AutoHouse focused on expanding into the US market and world markets.
After this short time, clients in the US include two major European manufacturers, and two of the top ten US automotive groups.
AutoHouse expects to be adopted by over 50% of the US automobile repair market within two years.
Industry Trends:
The worldwide automotive industry is very competitive. The adoption of the AutoHouse post-consumer sales software ultimately leads to enhanced consumer satisfaction. This, in turn, will drive the entire worldwide market into the adoption of AutoHouse software platform.
The Financing Opportunity:
AutoHouse is seeking to raise $10 million of crowd funding financing through its private subsidiary, AutoHouse of America. Upon acceptance of subscriptions to this offering AutoHouse of America shareholders shall automatically become shareholders of AutoHouse.
Use of Proceeds:
The development of the AutoHouse US and worldwide markets.
Financial Exit Strategy:
AutoHouse has entered into a reverse merger agreement with a fully reporting US public company whereupon the shares of AutoHouse shall become free trading. The merger is expected to be completed in September 2015.
