Auteo Media Announces Acquisition of Northwest CarNet, Inc.

    SEATTLE--April 17, 2001--Auteo Media, Inc. (OTCBB:AUTM), a leading provider of online media, data, and marketing solutions for the automotive industry, announced today that it has acquired Northwest CarNet, a technology company providing electronic commerce tools to Washington State car dealerships.
    Northwest CarNet currently provides services to over 25 Washington car dealerships.
    "Northwest CarNet's products and services complement our product portfolio and strengthen our position in the market," said Steve Van Leeuwen, president of Auteo Media. "In addition to their innovative Internet site development software, Northwest Carnet has developed a pioneering technology for auto dealerships to market and sell auto parts on their web sites. Both of these capabilities fit well with our strategy."
    The acquisition of Northwest Carnet will enable Auteo Media to aggregate the parts inventories of its auto dealer customers with the one million parts the company already has in its PartCart system, one of the largest automotive aftermarket accessory sites in the U.S. This new commerce capability, and their Internet site development software, will be widely available to Auteo Media customers in the second quarter of this year in addition to Northwest CarNet's existing customer base.
    Through acquisitions and other strategies, Auteo Media is evolving from a regional, single business organization to a national, multiple business organization, offering an expanding portfolio of communications solutions for the automotive industry. The company has reported excellent revenue growth related to its expansion into the northern California automotive market and intends to continue its expansion and further develop its business units.
    "The Northwest Carnet acquisition is an important step in our progress and represents another milestone reached," added Van Leeuwen.

    About Auteo Media

    Auteo Media, Inc., (OTCBB:AUTM) is a leading provider of online data and media solutions to buyers and sellers of autos and auto accessories. Auteo Media operates Northwest and California Dealer Specialties data collection and digital photography services, Contactauto.com, a proprietary, wireless based contact management system to help auto dealers maximize e-commerce customer interactions, Autoloco.com and Bidthatcar.com, providing one-stop convenience for consumers and dealers to locate and buy new and used vehicles and is Partcart.com, a OEM auto parts warehouse. Auteo Media works with more than 7000 auto dealerships, auto parts suppliers and other commerce partners and is becoming one of the leading technology companies serving the automotive industry. For more information visit www.auteo.com.

    BY ORDER OF THE BOARD OF DIRECTORS
    Steve Van Leeuwen, President

    CAUTIONARY STATEMENT: NASD has neither approved nor reviewed the information contained herein. Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of these terms or other terminology. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that could affect Auteo Media's actual results could be influenced by certain risk factors. More information about factors that potentially could affect Auteo Media's financial results are included in Auteo Media's most recent annual report on Form 10K Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as to the date of this release. Auteo Media undertakes no obligation to update any forward-looking statements.