CarParts Technologies Closes $18 Million Third Round Funding

  Supply Chain Solutions Developer Sees Rapid Revenue Growth in $160 Billion
                            Automotive Aftermarket

    EL SEGUNDO, Calif., March 27 CarParts Technologies, the
leading developer of supply chain management solutions for the automotive
aftermarket, today announced it has closed its third round of funding led by
St. Paul Venture Capital, a $3 billion venture capital fund, and @Ventures,
the affiliated venture capital arm of CMGI .

    The capital will be used for product development, working capital, and
increase marketing, sales and engineering resources.  In addition, the funding
will allow the company to complete development of National Parts Locator, a
private network of manufacturers and distributors, allowing for fast parts
locating, ordering, buying and shipping of automotive parts.  Since its
founding in 1997, CarParts Technologies has secured a total of $68 million in
funding.

    In addition to St. Paul and @Ventures, CarParts Technologies received
funding from Rho Management, Barnard & Co., Investor AB Group, and Brand
Equity Ventures.  All of the current investors participated in the company's
second round, which raised approximately $42 million in December 1999.

    The investment comes on the heels of the company's recent acquisition of
Anderson BDG Corp., a leading provider of point-of-sale and shop management
application software for the automotive service and repair industry.  This
marks the third acquisition for CarParts Technologies in less than a year
including CR Computing Solutions, Inc., a developer and marketer of business
applications for warehouse distributors and jobbers, and AutoNet
International, Inc., a provider of Extranet and Web development services to
groups of parts distributors.

    "Our continued success in the marketplace, highlighted by the additional
funding we've received, is a testament to the talent and dedication of the
entire team at CarParts Technologies," said Alan Bennett, CEO and founder of
CarParts Technologies.  "The remarkable growth we've experienced in the last
year was won through innovative solutions, quality products and commitment to
customer service the automotive aftermarket wants and needs."

    "CarParts Technologies continues to execute on key metrics and we're
impressed with the company's rapid expansion in the aftermarket," said
Jim Simons, a partner with St. Paul Venture Capital.  "We believe the company
offers outstanding technology and offers unique value to the automotive
aftermarket that has been greatly handicapped by either a complete lack of
technology or proprietary technologies that are incapable of meeting the
industry's needs today."

    CarParts Technologies develops supply chain solutions as well as private
e-marketplace technologies to allow producers, buyers and sellers of
automotive parts, accessories and performance products to run their businesses
more efficiently and conduct business with each other seamlessly.  The
company's core products include National Parts Locator, PartsXchange,
Distributor ERP, VAST Shop Management and a host of other business solutions
designed for the aftermarket supply chain.