"Adding AMVC clearly positions us in certain markets where we have not been as strong, and offers diversification into non-food and non-seasonal markets.
Gaining access to AMVC s installed base of over 1,000 systems will roughly double Key's installations where this new remote access product can be applied.
The agreement is subject to approval by the holders of Key's common stock and AMVC
's common and preferred stock, which will be solicited at stockholders meetings expected to be held in May of this year.
"The issue there was the MSRP and list price," said Greg Kirkpatrick, the AMVC executive director.
Crain said one reason his company has been the favorite target of the AMVC is that his dealerships are more visible than others.
The AMVC executive director, Greg Kirkpatrick, said most disgruntled customers don't bother to--or don't know to--file a complaint with the commission.
The largest fine the AMVC has levied against Crain, $10,000, came in January.
In August, an AMVC investigator went to Crain Chevrolet to follow up on a television advertisement that said the dealership had new and used vehicles for a $49 acquisition fee with payments as low as $99 a month and vehicles priced as low as $2,888.
Stroud, who has been with the AMVC for a little more than two years, says the commission has the power to penalize dealers who are chronic violators of regulations.
The AMVC's nine commissioners decide if a hearing is necessary if the problem isn't solved.