Burntsand Contracted by Spectre Industries to Develop an e-Business Strategy for the Automotive Aftermarket Supply Value Chain

    VANCOUVER, BC.--Feb. 1, 2001--Burntsand Inc. (Burntsand) is pleased to announce that the company has been awarded a contract by Spectre Industries, Inc., (Spectre) (OTC:STND) to explore the feasibility and create a strategy for utilizing Internet-based technology to improve operational efficiency and effectiveness, increasing revenue throughout Spectre's extensive operational base.
    Spectre is a major player in the North American distribution network for the automotive aftermarket through its ownership of Grant Automotive Group (GAG), one of North America's largest manaufacturers' agents in the automotive aftermarket. Spectre has identified the opportunity to use Web-based technologies to streamline and automate the procurement side of the industry.
    "Burntsand brings expertise to our project through their extensive experience in rapidly identifying, creating and implementing solutions that leverage emerging Internet technologies," commented Ian Grant, President and CEO of Spectre Industries. "The automotive parts industry has been exposed to e-Business initiatives in the recent past, which have yet to live up to industry expectations. Spectre is pleased to be working with Burntsand as the company has established a strong track record for delivering tangible value. This initiative is a pivotal step in positioning Spectre as a value-added e-business service provider."
    "Spectre is currently faced with significant e-Business opportunities in the automotive parts value chain to improve efficiencies and increase revenues by streamlining and automating business processes," said Jim Yeates, Chairman and CEO of Burntsand. "Understanding and integrating the InSide, BuySide, and SellSide value chain processes, and focusing on the opportunities presented through Internet enabling the appropriate aspects of these processes, will uniquely position Spectre to capitalize on its well established distribution network, industry history and stellar market reputation."

    About Spectre Industries

    Spectre Industries, Inc., through its ownership in Grant Automotive Group, Inc., is a leading multi-division independent manufacturers' representative providing field sales, sales management and in-store service across Canada and in selected markets in the United States for a limited number of manufacturers with related, but non-competing product lines, to the following classes of trade: Traditional Automotive, Heavy Duty Truck, Retail Automotive, Hardware and In-Store Services. An organized program of pull-through selling and in-store merchandising is in place across Canada, with specialized sales personnel in all major markets. Headquartered in Vancouver, Spectre also operates offices in Toronto, Seattle and Portland. For more information about Spectre or Grant Automotive Group, call Ian Grant at 604/984-0400. Spectre's shares are publicly traded on the OTC bulletin board -- symbol "STND".

    About Burntsand

    Burntsand is an e-Business Solutions Integrator focusing on SellSide and InSide strategic internet-enabled applications. Burntsand's success results from the ability to create rapid e-Business solutions for clients in the SellSide areas of e-Commerce, e-Customer Relationship Management, e-Content Management and InSide application areas such as e-Business Intelligence and global Knowledge Management Solutions. Burntsand's e-Services encompass the strategy, technical, and creative disciplines required to define and implement these strategic e-Business solutions. Headquartered in Vancouver, Burntsand operates from ten North American locations. The company trades on the Toronto stock exchange (TSE) under the symbol BRT, Burntsand's website address is www.burntsand.com.