Autodaq Names Former Kia Executive Larry Janus Director Of Institutional Sales

    MENLO PARK, Calif.--April 23, 2001--Autodaq Corporation, an integrated automotive remarketing services company (www.autodaq.com), announced today the appointment of Larry Janus as director of institutional sales.
    Janus, a 26-year veteran of the automotive industry, joins Autodaq to aid the company in serving and growing its burgeoning list of commercial consignors, including manufacturers, leasing and financial institutions, and rental car companies.
    Janus most recently served as national fleet sales manager for Kia Motors of America. Previously he worked as director of sales for AucNet, a satellite auction system.
    "Autodaq works with virtually every segment of the remarketing industry to help facilitate the wholesale market between sellers and buyers. The Autodaq Open Auction is an excellent Internet channel for institutional remarketing companies to remarket their program, off-lease and corporate fleet vehicles," Janus said. "It's my goal to expand and add value to Autodaq's already impressive list of blue chip clients. I'm excited to join the team."
    "Adding an automotive executive of Larry's caliber further solidifies our management expertise in the traditional areas of the industry. We're pleased to have him on our team," said Adam Boyden, Autodaq president and chief executive officer.
    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