"Save-a-Car is a low-cost, robust tracking system that represents a huge market opportunity for our company," said B.J. Grisaffi, CEO of Optical Systems, Inc. "There has been a lot of enthusiasm, excitement and positive feedback about Save-a-Car from dealerships. In today's market, dealers need scalable products that have a solid return on investment. Save-a-Car is a state-of-the art GPS system that helps dealers track inventory and maximize profit potential like never before. This small, covert system can be sold to the customer as a theft and tracking device that is much more robust than LoJack and available with no monthly fee. Our system works nationwide, where LoJack only works in certain areas," said Grisaffi.
In addition to offering superior tracking capabilities, Save-a-Car also allows drivers to save up to 35 percent on their insurance premium when installed.
"We already have more than 30 dealerships enrolled in our Save-a-Deal and Business Development Center programs," said Grisaffi. "Save-a-Car is a complimentary and standalone product that can easily be integrated into our existing programs. We are optimistic that we will be able to leverage our existing customer base and generate sales for this new, exciting product and bring substantial revenue to Optical."
Save-a-Car is currently available through the Company's operating subsidiary, Automotive Software Designers
OPSY's products and services are purchased by both large and small auto groups throughout the United States. The largest dealership has more than 40 PCs using Save-A-Deal at one location and the Company can support up to 10 dealerships on a single server.
There are more than 30 dealerships across the United States currently using products and services offered by OPSY. With more than 26,000 automotive dealerships and more than 7,000 recreational vehicle dealerships in the United States, OPSY's potential to expand is enormous.
Approximately 90 percent of those dealerships are still using legacy systems to do business. Save-a-Deal is a breakthrough product offering several distinct advantages over the current software standards in the automotive retail industry, and OPSY has said that it is adding new dealerships much faster than had been previously anticipated.
About Optical Systems, Inc.
Optical Systems, Inc., through its operating subsidiary, Automotive Software Designers, Inc., develops technology and services for the automotive retail industry designed to maximize productivity and increase profits at auto dealerships. ASDI's flagship technology solution, Save-a-Deal, is a turnkey customer relationship management (CRM) tool for auto dealerships. Our business development center (BDC) provides a variety of services designed to help auto dealerships drive traffic to their showroom or Web site, retain customers and generate new streams of revenue.
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