LHM Fleet Lease To Sell Vehicles Online In Autodaq Open Auction

    MENLO PARK, Calif. & SALT LAKE CITY-- April 17, 2001--Autodaq Corporation, an integrated automotive remarketing services company, and LHM Fleet Lease, the wholesale division of the Larry H. Miller Automotive Group, announced today that wholesale used car buyers can buy LHM vehicles online via the Autodaq Open Auction (www.autodaq.com). LHM Fleet Lease consists of 38 franchised stores throughout Utah, New Mexico, Colorado, Arizona, Oregon and Idaho.
    "The Autodaq Open Auction provides us with both an additional channel to remarket our vehicles nationwide and the opportunity to better serve our customers by providing access to our inventory 24 hours a day, seven days a week," said Steve Miller, general manager of LHM Fleet Lease.
    Adam Boyden, Autodaq president and chief executive officer, said, "With LHM, we are expanding the vehicle selection available to buyers on our site while extending our online remarketing services to all segments of the remarketing industry."
    Autodaq Corporation (www.autodaq.com) is an integrated automotive remarketing services company that provides the infrastructure and technology to facilitate the business-to-business trade of used cars on the Internet and professional remarketing services that include remarketing management, lease maturity management and sales and leadership training. Autodaq services significantly reduce costs, increase profitability and improve operational efficiency for financial institutions, auto manufacturers and other fleet, lease and rental car operators, as well as franchised, independent and Internet-based auto dealers and wholesalers. Based in Menlo Park, Calif., Autodaq is a privately held company; its investors include August Capital, Madison Dearborn Partners, Zilkha Ventures, Clayton Venture Group, Dain Rauscher Wessels and several angel investors from the Internet and automotive industries.

    SOURCE: Autodaq Corporation