Parts.com Reports One Cent a Share Loss for First Quarter Before EBITDA

    SANFORD, Fla., May 15 Parts.com, Inc. (OTC Bulletin Board: MIRM), a marketplace and software
solutions provider for the parts industry, today announced its results for the
quarter ended March 31, 2001.
    The net loss reported for the quarter ended March 31, 2001 was $392,299 or
$0.01 per share, excluding $293,067 in stock-based compensation expense,
$297,845 in amortization and depreciation expense and $230,988 in non-cash
interest expense.  This compares to a net loss of $1,892,617 or $0.8 per share
for the three-month period ended March 31, 2000.
    For the three-month period ended March 31, 2001, the Company reported net
sales of $134,128, a 196 percent increase compared to net sales of $45,244 for
the quarter ended March 31, 2000 and a decrease of $45,985 or 27 percent
compared to the fourth quarter, 2000.  As stated in the Company's 10Q report,
it records only its net transaction fees on parts sales.
    For the quarter ended March 31, 2001, the Company reduced its monthly burn
rate seventy percent to approximately $130,000, as compared to an approximate
average of $394,424 per month for the 12 months ended December 31, 2000.
    The loss for the three months ended March 31, 2001 was attributable mainly
to non-cash expenses, which include stock-based compensation, interest,
depreciation and amortization, accounting for 68 percent of total expenses for
the period and more than two thirds of the total net loss.
    "We have made significant strides in reducing our operating expenses,"
stated Shawn D. Lucas President and Chairman.  "Our cash position has always
been light, as in previous quarters, but we continue to raise capital from our
angel investors.  Although we are disappointed with our revenue for the
quarter, we look to our recently formed partnerships to impact revenues going
forward, and thus improve our liquidity from a cash flow standpoint."
    "We have positioned the Company and our TradeMotion Software for growth,"
continued Mr. Lucas.  "It appears that industry analysts have recently
embraced the 'private trading network' model and those companies that provide
the software and services needed to automate existing and new private
marketplaces.  We realized in late January of 2000 that manufacturers,
wholesale distributors and car dealerships wanted their own private trading
networks, which would protect their brand name and their existing
relationships with their own supply chain partners.  TradeMotion is the
solution for these marketplaces as witnessed by more than 2,700 franchised
dealers who have signed up for TradeMotion StoreFront.  Cap Gemini Ernst &
Young's and Accenture/Aldoc's have also embraced the technology seeking to
resell it to their existing client base.  The days of multi-million dollar
marketplace software sold by the larger software companies are numbered in our
opinion, and their expected growth will only come from acquisition, not
software sales.  Considering that most technology budgets have been slashed,
corporations are now seeking affordable, proven and rapidly deployable private
marketplace software.  Parts.com offers more than its TradeMotion software,
but also offers the ability to assist clients in building e-commerce
marketplace solutions which draws upon hundreds of thousands of hours invested
into designing and implementing both our parts.com marketplace and our
TradeMotion Solutions," concluded Mr. Lucas.

    About Parts.com
    Parts.com, based in Sanford, Florida, provides business-to-business
electronic commerce software and parts procurement platform provider.  The
Company's e-procurement solutions enable corporations to use electronic
automation to streamline business transactions and reduce costs.  In addition
to automating existing relationships between buyers and seller, Parts.com also
provides a marketplace where buyers and sellers can conduct transactions
electronically.

    This announcement contains "forward-looking statements."  Words
"anticipate," "believe," "estimate," "expect," and other similar expressions
as they relate to the Company and its management are intended to identify such
forward-looking statements.  Although the Company and its management believe
that the statements contained in this announcement are reasonable, it can give
no assurances that such statements will prove correct.  Factors that could
affect the occurrence of events or results discussed herein are included with
those mentioned in the Company's filings with the Securities and Exchange
Commission.

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