ORGANIZATION AND OPERATIONS OF XXXXXXXXX Sample Clauses

ORGANIZATION AND OPERATIONS OF XXXXXXXXX. XXX xxxxxxxxx.xxx inc. (Xxxxxxxxx.xxx) is an internationally branded online automotive commerce company that provides consumers with automotive solutions throughout the lifecycle of vehicle ownership. Xxxxxxxxx.xxx owns an internationally branded Internet site for new and pre-owned vehicle information and automotive services that links buyers and sellers in an information-rich environment. Through its Web site (xxx.xxxxxxxxx.xxx), consumers can research pricing, specifications and other information related to new and pre-owned vehicles and purchase, finance, lease, insure, sell or maintain their vehicles. When consumers indicate they are ready to buy a vehicle, they can be connected to Xxxxxxxxx.xxx's network of participating dealers in the United States and Canada, or to other sellers through its classified ads and auction services. Xxxxxxxxx.xxx has also established international joint ventures and/or licensing agreements to market new and used vehicles in the United Kingdom, Sweden and Japan. Since its inception in January 1995, Xxxxxxxxx.xxx has invested the majority of its efforts in marketing its brand name and developing infrastructure to support anticipated future operating growth. As a result, Xxxxxxxxx.xxx has experienced significant operating losses and has an accumulated deficit of $66,593 as of December 31, 1999. Management believes current cash and cash equivalents are sufficient to meet anticipated cash needs for working capital and capital expenditures for at least the next 12 months.
Sample 1
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ORGANIZATION AND OPERATIONS OF XXXXXXXXX. XXX xxxxxxxxx.xxx inc. (Xxxxxxxxx.xxx) is an internationally branded online automotive commerce company that connects buyers and sellers together in an information-rich environment throughout the vehicle ownership lifecycle. Through its Web sites (xxx.xxxxxxxxx.xxx and xxx.xxxxxxxx.xxx), consumers can research pricing, specifications and other information related to new and pre-owned vehicles and can purchase, finance, lease, insure, sell and maintain their vehicles. When consumers are ready to purchase a vehicle, they can be connected to Xxxxxxxxx.xxx's or XxxXxxxx.xxx's network of participating dealers in North America, other sellers through classified ads and Xxxxxxxxx.xxx's auction services. Xxxxxxxxx.xxx has also established international joint ventures and/or licensing agreements to market new and used vehicles in the United Kingdom, Scandinavia, Japan, Australia and Spain. Since its inception in January 1995, Xxxxxxxxx.xxx has invested the majority of its efforts in marketing its brand name and developing infrastructure to support anticipated future operating growth. As a result, Xxxxxxxxx.xxx has experienced operating losses and had an accumulated deficit of $84.5 million as of June 30, 2000. Management believes cash and cash equivalents of $100.3 million as of June 30, 2000 are sufficient to meet anticipated cash needs for working capital and capital expenditures for at least the next 12 months.
Sample 1

Related to ORGANIZATION AND OPERATIONS OF XXXXXXXXX

  • Application and Operation Subject Matter Clause No.

  • Application and Operation of Agreement Clause No. Title

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