ABOUT The ALEXANDRIA ADVANTAGE WARRANTY COMPANY
AAWC is in the business of providing car warranties for new and used cars through franchised and independent car dealerships. The Company has been in business since 2008 and is currently marketing its warranties to more than eighty dealerships in the greater metropolitan Washington, DC area and will be expanding to cover other parts of the country shortly.
The Company has completed its merger with Alexandria Advantage Warranty Company. They currently have several hundred car warranties under management and they will be continuing to market to over eighty independent and franchised car dealers in Northern Virginia, Maryland and Washington, DC.
Over the years they have managed thousands of warranties. They support our dealers and their customers so that no one wastes their time or energy - they want to facilitate and make easy the purchase, the use of the warranty, and the repair process.
Additionally, our Company has been negotiating with several lenders for lines of credit to purchase books of warranties from sellers. They anticipate that they will be able to negotiate and purchase existing books of warranty business at a significant discount.
As a third anticipated revenue stream, the Company will eventually provide floor plan financing to independent car dealerships. Currently the Company is working through licensing requirements for some specific states in order to properly position itself as a floor plan financing entity.
They provide car warranties to franchised and independent car dealers and their customers. They maintain a premium account with a nationally established bank to secure the funds from all warranties and to pay out all necessary funds due under the warranties. They provide new car warranties, used car/low mileage warranties, used car/mid mileage warranties, and used car/high mileage warranties. Under each type of warranty, they offer three tiers of coverage - basic, silver and gold. Rates for the warranties differ according to a variety of factors that are particular to each vehicle that coverage is sought for.
They are not limited to providing warranties for cars - they can provide them on heavy equipment, commercial equipment and office equipment. However, given their experience within the car industry, they are focusing their efforts on the automobile industry at this time.
Depending on some specifics about your vehicle, our customers can generally expect the following coverage under our plans:
Fluids and Filters - if required under a warranty covered repair
Transmission - all internal lubricated parts
Differential - All internal lubricated parts
Engine - all internal lubricated parts
Seals and Gaskets - internal leaks
Dedicated Customer Support
For the Silver and Gold level plans, additional coverage will apply that can include additional parts such as:
Electrical issues including alternator and power seat issues
Fuel Injection/Delivery Systems
Joints and wheel bearings
Car Rental Coverage
And much more. Each car is different and the type of warranty you may want is different so different coverages will apply and specifics are provided in your contract. They want to make this process as easy as possible for our dealers and their customers.
FACT: Car engines themselves have more than 300 total parts. Your car as a whole might have more than 800 total parts. As your car ages, problems will occur. You can mitigate expenses stemming from these problems by doing all necessary routine maintenance on your car, and by purchasing a vehicle service contract with Alexandria Advantage.
Visit: http://www.otcmarkets.com/stock/AAWC/company-info to see complete details.
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Accesswire (Mon, Jun 22)
Alexandria Advantage Warranty Company Signs Letter of Intent with Franchisor of Automotive Service & Repair Centers
Marketwired (Wed, Mar 25)
Alexandria Advantage Warranty Company Provides Additional Detail Regarding Its Option Agreement to Acquire Engine Related Intellectual Property
Marketwired (Fri, Mar 20)
Alexandria Advantage Warranty Company Signs Option Agreement to Acquire Engine Related Intellectual Property
17 Rosecrans Avenue
Manhattan Beach, CA 90266
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