Auteo Media Announces Revenues, Gross Profits and Financial Results

    SEATTLE--April 2, 2001--Auteo Media, Inc. (OTCBB:AUTM), a leading provider of communication solutions for the automotive Industry announced reported sales for the year ending December 31, 2000.

Year-over-Year Gross Profits Grow 50% to $818,207

Year-over-Year Revenues Grow 47% to $897,078

Current Assets Grow 69% from year-end 1999

    Sales for the year ended December 31, 2000 increased by $286,529 to $897,078, representing a 47% increases over fiscal year 1999. This growth can be attributed to our fast growing operations in California and continued penetration of Washington. Gross profit for the year ended December 31, 2000 increased to $818,207 from $544,271 in 1999, representing a 50% increase. Selling, general and administrative expenses, increased from $355,207 to $1,281,063 due to continued costs associated with the acquisition of Tysa Corporation, our new corporate office, accounting, legal and other consulting fees, purchase of capital and additional labor costs to handle the increased demand for the Company's existing products and services and development of our new technologies. As a result, net earnings for the year decreased from a gain of $157,842 in 1999 to a loss of $533,421 in 2000.

    "We are on track with the results of the year and are anticipating becoming profitable again in 2001," stated Steve Van Leeuwen, President and CEO of Auteo Media, Inc. The Company reported that it has completed most of the development of its business units and will earn revenues in first quarter of 2001 in addition to it continued revenue growth of existing products. Auteo Media is evolving from its regional, single business model to become a nationally recognized organization offering a portfolio of communications solutions for the automotive industry. The Company has reported excellent revenue growth of its expansion into the northern California automotive market. "Earlier this year we told our shareholders that we will complete development of our business units and earn revenues by year end 2000," Van Leeuwen stated. "We achieved this objective and can now focus on increasing our market share to a broader base of customers with our exciting new products."