AAA Auto Group N.V. : Anthony Denny successfully started new business, exporting new and used cars to CIS states and Africa

AAA AUTO.EU already exported 1000 cars in first six months of operation

Prague, 23 September 2013 -The majority owner and former CEO of AAA AUTO Anthony James Denny successfully established a new company specializing in export of used cars to the CIS states and North and Central Africa. A company called AAA AUTO.EU is majority owned by Anthony James Denny, who personally invested in its establishment, operations and stock. Activities of AAA AUTO.EU are being executed in partnership with AAA Auto Group.

"After successfully handing my CEO post to Karolína Topolová, I found that I just can not stand to sit and watch what is happening on the market, especially after I realized that entirely new possibilities are opening up in the used-car business. I've been working on this project over a year and I have to say we are starting to be very successful quite early in this venture," said Denny.

The company is purchasing new and used cars all over the Europe, using state-of-the art arbitrage pricing software, which helps to identify opportunities for cross border trading of cars on-line in real time based on data from EU used-car servers. AAA AUTO.EU also uses data from JATO company, the world's leading provider of automotive business intelligence, pricing information, news and data.

"In past six months we already exported about a 1000 cars to over 20 countries for example Nigeria, Israel, Tunisia, Egypt and Ukraine, where the demand for new and used cars from the EU is strong. Since some of our partners have limited access to car stock financing in their home countries, we will soon start to provide stock funding of vehicles they purchase from us, and transport the purchased vehicles to duty-free zones in their home cities. After this initial test phase we will now expand our activities on a much larger scale in partnership with AAA AUTO," added Denny.

"We will also, in partnership with AAA AUTO, train and supervise select partners in our auto retail knowhow and implement our software trading and stock management systems to ensure our partners ongoing success in the retailing of used cars in their home markets," concluded Denny.

International traders can register for car orders at www.aaaauto.eu or contact the company at phone No. +420 284 022 081.

Background info:

AnthonyJamesDennyfoundedand led the largestCentral Europeannetwork ofused car centers AAAAUTOfor twentyyears. The group reachedthe auditedturnover of336 million Euros last year. When he was handing over the management of the company to Karolína Topolová in mid-2012the group had30 branchesin three countriesand was selling about52,000used vehiclesper year.AJDennystillownsapprox. 77% of shares of Dutch based AAAAuto GroupN.V.