AutoMall Online Press Release

4 May 2000

AutoMall Online Names Three Industry Leaders to Board
of Directors 
 
    SPRINGFIELD, Va., May 3 /PRNewswire/ -- Company
President Gene Hickman announced the appointment of
three auto industry leaders to the Board of Directors
of AutoMall Online.  The new Board members are:  Larry
Dorfmann, David Kay, and Jonathan Cherner.  "The
addition of such industry veterans to our Board of
Directors greatly enhances AutoMall Online's ability
to provide the definitive e-commerce solution among
online car-buying services," said Hickman.

    Larry Dorfman is President and CEO of the
Automobile Protection Corporation (APCO), a
wholly-owned subsidiary of the Ford Motor Company. 
APCO
was founded by Dorfman in 1984, became a public
company in 1988, and was purchased by Ford in 1999 for
$180 million.  APCO's core business is the marketing
and administering of the EasyCare Pre-Owned Vehicle
Merchandising Program and EasyCare Vehicle Service
Contracts that are sold primarily through car and
truck dealerships.  APCO also administers warranty and
service contract products under private labels, and
has been a strategic partner of AutoMall Online since
its inception.

    David Kay is Vice-President and Chief Financial
Officer of Capital Automotive, a self-managed,
publicly-traded real estate investment trust that
owns nearly $1 billion of land and improvements used
by auto dealers throughout the United States as an
alternate source of capital.  Kay was instrumental in
Capital Automotive's formation in 1997, as well as its
1998 IPO that raised $370 million.  Prior to joining
Capital Automotive, Kay was employed by the public
accounting firm of Arthur Andersen LLP in Washington,
D.C. for ten years, where he advised clients in the
automotive, retail, and distribution industries.

    Jonathan Cherner is currently Co-President of the
Cherner Automotive Group and chairs the Dealer
advisory Group of Capital Automotive REIT.  Cherner is
also on the Board of Directors of the Washington Area
New Automobile Dealers Association and the
Lincoln-Mercury Dealers Association.  The Cherner
Automotive Group first opened in 1926 as a Ford
dealership in Washington, D.C., and subsequently added
Lincoln-Mercury, Isuzu and Kia franchises.  In the
late 1980s, Cherner worked in the Real Estate Group of
Morgan Stanley, Inc.

    

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