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i-incubator.com Launches Beta Version of i-AutoAuction.com Site; New Full Service Vehicle Auction Site

22 September 2000

i-incubator.com Launches Beta Version of i-AutoAuction.com Site; New Full Service Vehicle Auction Site

    NEW YORK--Sept. 22, 2000--Internet incubator i-incubator.com, Inc.'s (OTCBB:INQU) wholly-owned subsidiary i-AutoAuction.com today announced the beta launch of its full service online auction site for previously-owned cars, trucks and motorcycles. The site is located at http://www.i-autoauction.com.
    The i-AutoAuction site has a complete slate of user-friendly services needed to execute the buying and selling of vehicles and parts in a secure environment. i-AutoAuction.com includes:

-- Upload vehicle photo through Imagehost technology.

--	Auto loans through e-loan
--	Credit report research through Qspace.com
--	Online escrow services through VehicleEscrow.com.
--	Vehicle history information through CarFax.
--	Vehicle relocation service through Dependable Auto Shippers.
--	Insurance quote comparison through Quicken Insurance Auto Marketplace .
--	Extended auto warranties through Warrantybynet.
--	Vehicle price information through the purchase of a NADA Guide.

    "i-AutoAuction.com has been designed as a one-stop site, with all the tools needed to buy and sell vehicles and parts in a secure environment," said Jamee Freeman, Chairman and CEO of i-incubator.com. "We have developed an auction platform which is easier to use than other auction sites, which also provides the level of protection in all phases of the transaction consumers demand on the internet."
    Based in Miami, FL and New York City, i-incubator.com identifies internet and technology market segments and business models ripe for growth. Similar in structure to other incubators, such as CMGI , Internet Capital Group , Rare Medium and Idea Labs, it will provide venture capital, technical expertise and marketing assistance to development stage companies. However, it differentiates itself in its strong architecture development, integration and engineering capabilities.

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the company believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to be correct.