MyRepairShop, Ontool.com Enter Co-marketing Agreement; Repair Shop Owners Have Easier Access to Tools and Equipment

    HOUSTON--April 24, 2001--MyRepairShop Inc., the advocate for independent automotive repair shops, today announced that it has entered into a co-marketing agreement with Ontool.com, the leading online provider of tools, equipment and information for automotive service professionals. Repair shop owners and technicians belonging to the MyRepairShop national network will have the opportunity to purchase tools and equipment at the Ontool.com Web site.
    "Ontool.com has an impressive menu of services that complement MyRepairShop's offering," said Brad Hays, CEO of MyRepairShop, "and the management team has an average of more than 20 years experience in automotive service and technology. They are a natural fit with our business and their online database will be another valuable service shop owners can enjoy as part of the MyRepairShop membership."
    MyRepairShop offers auto repair specialists information and advice along with technology and business services that are designed to increase a shop's capacity to service vehicles. The company's services help level the playing field for repair shop professionals by strengthening their business, increasing their competitiveness and facilitating increased profits.
    "MyRepairShop and Ontool.com were both designed from the start by highly-experienced automotive people who understand the needs of today's automotive service professionals, as well as the challenges they face every day," said A.J. Zack, president of Ontool.com. "Our agreement with MyRepairShop will allow us to leverage each other's strengths in brand building as well as expand the range and quality of services we currently offer our customers."

    About Ontool.com

    Headquartered in Silicon Valley, Calif., Ontool.com was founded in early 2000 by a group of automotive service equipment industry veterans. Ontool now offers the largest online selection of brand-name automotive tools and equipment from tool and equipment manufacturers like OTC, Robinair, Waterloo, MPSI and SK Tools as well as the leading smaller manufacturers like Auto Xray, Electronic Specialties and Power Probe. Ontool also offers a range of special purchase programs for independent tool jobbers, industry associations and schools and colleges. The company is funded by W.R. Hambrecht + Co., J.F. Shea Ventures and other private investors.

    About MyRepairShop Inc.

    Headquartered in Houston, MyRepairShop provides a one-stop source of products and services for independent auto repair professionals to effectively streamline and manage their business, and efficiently service vehicle owners. MyRepairShop's network includes alliances with some of the industry's leading distributors and automotive industry specialists. For information on how to become a MyRepairShop network member, visit www.myrepairshop.com or call us toll-free at 877/804-5510.