AutoTradeCenter Signs Contract with Volvo Finance North America Inc. to Provide Internet Vehicle Remarketing Program

    SCOTTSDALE, Ariz.--May 1, 2001--AutoTradeCenter (OTC BB: AUTC) Tuesday announced that it has signed a one-year contractual remarketing agreement with Volvo Finance North America Inc. (Volvo Finance).
    The agreement provides a Web-enhanced remarketing program for the disposition of Volvo Finance's 30,000 plus annual maturing leases in its consumer lease portfolio to 328 Volvo franchise retailers. The remarketing program for Volvo Finance incorporates the feature rich ATCadvantage technology, recently unveiled by AutoTradeCenter (ATC) as well as "live" retailer support.
    Thomas Fleming, director of asset sales stated, "For the first time, Volvo retailers have the ability to purchase our off-lease vehicles based upon a condition report, with digital images, online. We are excited to offer our retailers broader private access to quality inventory much earlier in the selling cycle. In addition, we will be significantly decreasing overall acquisition costs."
    Fleming continued, "With ATC, Volvo Finance enlists an industry proven remarketing team. Our objectives are clear: insure maximum sales among our retailers, while protecting residual values, and continue to build the most valuable retailer franchise."
    The Volvo Finance private and branded site is scheduled to roll out regionally in the coming weeks, with a national launch in July 2001.
    "Volvo Finance desired a program encompassing more than savings through the direct sale of the Volvo Finance off-lease inventory," commented Stephen G. Wheeler, director of business development, AutoTradeCenter.
    "What they want is a comprehensive remarketing strategy, giving all Volvo retailers a competitive edge. ATCadvantage meets Volvo Finance's objectives by featuring `real' retailer service and support, unlimited access, inventory management, and the comprehensive business tools to drive sales.
    "Volvo retailers gain exclusive access to meaningful Volvo Finance programs such as, special finance options, and much more, completing the remarketing package."
    ATC Company President Roger L. Butterwick added, "Our agreement with Volvo Finance is a bench mark for ATC, by firmly solidifying our position as the industry's leading online remarketer. Volvo Finance joins ATC's growing family of savvy vehicle remarketers who rely on `best methods' practices employed by ATC. We are honored to be selected as Volvo's primary remarketing partner."
    Volvo Finance North America Inc. joins American Honda Finance Corp. and American Suzuki Motor Corp. in utilizing AutoTradeCenter's Internet remarketing services.

    About Volvo Finance

    Volvo Finance North America is the captive finance arm of Volvo Cars North America. The company provides a wide range of financial services for the purchase and lease of both new and pre-owned Volvo cars in the United States.

    About AutoTradeCenter

    AutoTradeCenter.com (ATC) is the leading Internet-based "business-to-business" automotive remarketing company. The company markets its services to automobile manufacturers, captive finance companies, lease and rental companies, and financial institutions across the United States.
    ATC powers the American Honda Finance Corp.'s Vehicle Inter-Dealer Purchase System ("VIPS") and the American Suzuki Motor Corp. Program Remarketing Online (PROline) utilizing Internet technology and remarketing services. For more information on AutoTradeCenter.com Inc., please visit http://www.autotradecenter.com/ or contact public relations at lseegan@autotradecenter.com.

    Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995.
    The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby.
    Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.