Automax Group Announces Expansion Into Broward County, Florida

    DELRAY BEACH, Fla.--April 18, 2001--Automax Group, Inc. (Pink Sheets:AMXX) has executed a lease on a new location in Broward County, Florida. This new location equals the size of the two existing Automax locations. The added space will allow for up to 100 cars in inventory as well as the ability to perform the necessary reconditioning of the incoming cars on premises. Both factors will reduce cost and add to the profitability of the dealership.
    Ken Wulwick, president of Automax, had this to say, "We are excited about the opportunity to expand into the Broward County area. The addition of this location falls right in line with our plan for expansion. This is an important step towards increasing profitability and subsequently shareholder value."

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 407-835-0141.