Reynolds and Reynolds' ReySource Solution Servicing Customers At Web Speed; Automotive Retail Procurement Solution Exceeds $3 Million Sales Mark in First Ten Weeks of Operation

    DAYTON, Ohio--June 14, 2001--The Reynolds and Reynolds Company today announced that ReySource(TM), its Internet-based automotive retailing procurement solution, has exceeded $3 million in sales in just ten weeks of operation. ReySource helps auto retailers to manage the purchase of business documents, office supplies, and other products and services in their dealership and is completely integrated with Reynolds' award-winning direct sales channel.
    "Reynolds' latest high-tech, high-touch Internet solution has taken the automotive retailing industry by storm, and the momentum is still growing," said Scott Collins, vice president of Reynolds' Information Output Services. "The solid 'clicks, bricks and mortar' foundation of ReySource already has led to nearly 40 percent of our packaged goods being sold on-line, which equates to approximately $80,000 a day in orders."
    Collins said that by marrying the technology of ReySource with Reynolds' sales force and national network of warehouses, this solution provides a convenient way for retailers to leverage the power of Internet technology to simplify their billing and supply management issues for their customers.
    "ReySource offers customers an array of value points, including convenient one-stop shopping, dealership-specific information, more purchasing control and a streamlined process. It's an application that grows with the dealership, giving retailers access to their procurement information like never before," said Collins. "In fact, ReySource already has comprehensive transaction information available on-line to its customers for the previous two years. The nearest competitor only goes back four to six months."
    ReySource currently accommodates ordering of off-the-shelf package goods documents and office supplies by retail customers and Reynolds sales professionals. The home page (www.ReySource.com) also offers visitors daily automotive news updates, stock market insight and a directory of over 22,000 automotive-related links. Collins indicated that ReySource Version 2.0 - which is scheduled for roll-out this summer - will allow retailers to order customized products for their dealerships, and will provide retailers with in-depth order and shipping details as well as on-line order status.
    "Retailers look at ReySource today and see how easy it is to use," said Collins. "Reynolds is going to make it even easier with Version 2.0."
    Reynolds and Reynolds, headquartered in Dayton, Ohio, is the leading provider of integrated information management solutions to the automotive retailing marketplace. The company's services include a full range of retail and enterprise management systems, networking and support, e-business applications, Web services, learning and consulting services, customer relationship management solutions, document management and leasing services. To find out more about the company, its vision, products and services, visit www.reyrey.com.
    Certain statements in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on current expectations, estimates, forecasts and projections of future company or industry performance based on management's judgment, beliefs, current trends and market conditions. Forward-looking statements made or to be made by or on behalf of the company may be identified by the use of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed, forecasted or implied in the forward-looking statements. See also the discussion of factors that may affect future results contained in the company's Current Report on Form 8-K filed with the SEC on August 11, 2000, which we incorporate herein by reference. The company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.