iCarMagic Dick Cadenasso Appointed CEO

NOVATO, Calif.--April 10, 2006--iCarMagic, provider of a revolutionary Customer Relationship Management System designed specifically for the automotive dealer, announces that it has further rounded out the executive team with Dick Cadenasso, a long time partner in the company, appointed CEO and founder Keith Latman will assume the role of Chief Software Architect.

"iCarMagic's rapid growth and influx of new customers required us to add proven leadership and a new level of financial controls to the company," said Founder Keith Latman. "I am pleased to welcome Dick to iCarMagic and look forward to him making an immediate impact in all aspects of the company."

Cadenasso brings to the position of CEO a strong background in finance and a comprehensive knowledge of the company, the marketplace and unique skills that will help iCarMagic move to the next level.

"I am honored to continue to serve such a great company and look forward to helping Keith and the whole team continue to reinvent the automotive technology space," said Cadenasso. "I think my strong financial background coupled with Keith's innovation and business development skills will enable us to expand rapidly and exceed customer expectations."

Based in Novato, CA, just north of San Francisco, iCarMagic provides auto dealers the most effective Customer Relationship Management System on the market, allowing dealers to unite their sales teams, connect with customers more effectively and dramatically increase their profits and sales. More information about iCarMagic can be found at www.icarmagic.com or by calling 877-422-7624.