Automax Calls Special Board of Directors Meeting To Discuss Shareholder Value

    DELRAY BEACH, Fla.--March 30, 2001--Automax Group Inc. (Pink Sheets:AMXX) announced today that they have called for a special meeting of the board of directors to discuss several pending subjects that may have a significant impact on the advancement of its business plan and shareholder value. Automax has been in the due diligence phase of several projects and now needs to consider which avenues are best in which to proceed.
    CEO Ken Wulwick stated, "One of the most important things to management is to offer our shareholders an opportunity to grow in the future. Shareholder value being the biggest concern." One of the issues discussed will be the expansion of the board of directors of Automax. Since the sale from Kenwick industries (OTC:KWIN), Automax has been working diligently to build the best possible management team to control the future of the company. Another topic will be to discuss the necessary steps that need to be taken to make Automax a fully reporting company. This will allow the company to apply for full Bulletin Board listing.

About Automax:

    Automax is a "Buy here - Pay here" used car sales and finance company that has served the South Florida sub-prime auto market for three years. Automax underwrites, finances and services loans generated from its own dealerships, and serves customers with limited credit histories, low incomes, or past credit problems who cannot access traditional financing, and also basic used car customers.

    The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Automax) contains statements that are forward looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of Automax. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and market competition factors.

    For more information and a complete investor's package contact Angela Bordwell at Bordwell Financial Group, Inc. 407/835-0141.