LOS ANGELES, March 11, 2008 (PRIME NEWSWIRE) -- Pro Motors Group Corp. (Pink Sheets:PMGU) (www.ProMotorsBid.com) announced today that the company has received an "A" rating from the Better Business Bureau, the highest rating possible for a new business and a rating that is classified by the Better Business Bureau as "Excellent."
According to the Better Business Bureau, the rating it assigns a business is determined by their composite score of such factors as its type of business, length of time in business, compliance with competency licensing requirements, complaint volume, complaint history, seriousness of complaints, how the company responds to complaints, and their experience with the company's industry in general. The scoring system takes into account the importance they feel each factor is to the company's reliability.
The Better Business Bureau's rating of a company and their reliability report on a company reflect their conclusions and opinion about the company based upon information in their files and their experience with the company.
For more information about Better Business Bureau go to: www.bbb.org
About Pro Motors Group Corp.
Pro Motors Group Corp. is one of the first publicly traded companies of its kind, which is a Mega Public Auto Auction and Complete Dealership all in one. Unlike traditional Dealerships, their selling method is PUBLIC BIDDING that can be done NATIONWIDE, 24 hours a day, 7 days a week, online at http://www.ProMotorsBid.com or in person at their Southern California location. "You Bid, You Save, Everyday!" Pro Motors Group is a company that prides itself on customer service and satisfaction; all vehicles get a 68 point ASE inspection and offer a 5 year/ 100,000 mile extended warranty. Pro Motors specializes in vehicles priced $10,000 or less. Pro Motors Group is also one of the first publicly traded companies to start prices low in an auction style public bidding platform that allows the prices to then be set by the public. The public is not bidding on high risk third-party private vehicles, like in most online auction services. Pro Motors Group is looking to expand from Southern California by placing dealerships throughout the U.S., where they already offer Nationwide Online Auctions and Nationwide Delivery. This puts their company well into the '370 billion pre-owned automotive' industry.
Safe Harbor Statement - Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005, the Company's Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2006. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.