Navidec, Inc. - NVDCC- Profile

Navidec, Inc.. The Company enables fortune 1000 customer to address their e-commerce intitatives. The Company develops component based open systems solutions. Out of this components the company has launched its first vertical market that provides on-line solutions for the automotive industry. The Company also serves as distributors of various high technology and other products through traditional and electronic channels. The Company has acquired Carwizard.Com, Inc and Lease Source Online, Inc. in 1998. In September 1999, DriveOff.com launched a web site that allows consumers to research, finance and purchase or lease an automobile online without negotiating with the car salesperson. In March 2000, the company entered into a Joint Venture with Avis Europe to sell nearly new cars in United Kingdom. Netsolutions accounted for 95% of 2000 revenues; product distribution, 2% and automotive solutions, 2%.