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AutoAuction.com Gears up to Compete With AutoNation

23 June 1999

    HAINES CITY, Fla. -- AutoAuction.com, Inc., announced today that it plans 
to open a special web site to sell new and used cars for both dealers and 
individuals.  The Company said this special web site is in addition to its web 
site currently undergoing beta testing which allows auctions, live, on-line 
for approximately 1,400 car dealers in Florida.  The Company said its web site 
auto auctions is being tested and that individuals and dealers can "practice" or 
"play" with the development site during the beta testing stage.

    The live site for dealer auctions is expected to be activated for live
auctions for dealers only in September or October of this year.  The Company
said it will introduce auto auctions, live, for individuals later in the year.
In addition, the Company said its web site for new and used automobiles will,
initially, be for automobile dealers only and will compete directly with
AutoNation in Florida and throughout the U.S.  While AutoNation's web site is 
targeting only 400 dealers in the U.S. and many fewer in the Tampa and 
Clearwater areas, AutoAuction.com will target about 30,000 new and used car 
dealers around the U.S. and will, eventually be opened up to individuals in most 
U.S. states.

    John Trusty, president of AutoAuction.com, Inc. said, "We have a lot of
work ahead of us with the web site development and implementation but the
market for auto sales, both new and used, on the internet is so huge that
there is room for many companies.  Our company just wants to be one of the
first and we plan to offer the best service, technical support, financing,
trade-ins, insurance, fleet discounts and services, and after-sales support
and service.  We look forward to competing with AutoNation and others as it
will just motivate us to be the best we can be."

    AutoAuction.com, Inc. owns dealer auto auctions in Melbourne and Haines
City, Florida and has developed proprietary internet software for dealer auto
auctions.  Its beta site for testing is currently located at:
http://www.o-c-s.com/autoauction.
 
    AutoAuction.com, Inc. common stock is traded in the over-the-counter
market under the symbol:  AAAC.  The stock closed yesterday at 9 1/2, up
1 1/2.