AutoTradeCenter Sells Wholesale Operations In Scottsdale

    Business Editors

    SCOTTSDALE, Ariz.--Feb. 23, 2001--AutoTradeCenter (OTCBB: AUTC) has completed the sale of its wholesale subsidiary (known as Auto Network Group) located in Scottsdale, to Air Park Motors of Scottsdale LLC ("Airpark").
    Air Park Motors is owned by automobile brokers, formerly performing under work for hire agreements, with AutoTradeCenter (ATC) in its wholesale operation. According to the terms of the agreement, Airpark purchased vehicles from ATC at carrying book value, as reported on the books of ATC, and assumes all responsibility for selling these vehicles.
    "This is an exciting time for AutoTradeCenter," commented Roger L. Butterwick, president of AutoTradeCenter. "With the disposition of the wholesale operations, all ATC resources are focused on our core Internet remarketing business.
    "This total concentration enables us to take full advantage of every opportunity in an explosive off-lease arena, to stimulate progress, maximize profitability and increase shareholder value."
    AutoTradeCenter (ATC) is the leading Internet-based "business-to-business" automotive re-marketing company.
    On its web site, http://www.autotradecenter.com/, the company markets its services to automobile manufacturers, captive finance companies, lease and rental companies, and financial institutions across the United States who can use the site's many features for more efficient buying, selling and trading.
    ATC powers the American Honda Finance Corp.'s Vehicle Inter-Dealer Purchase System "VIPS" and the American Suzuki Motor Corp.'s PROline, utilizing Internet technology and remarketing services.
    For more information on AutoTradeCenter.com Inc., please visit http://www.autotradecenter.com/ or contact Public Relations at lseegan@autotradecenter.com.

    Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995.
    The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby.
    Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.