Globe and Mail's Phillip Crawley Joins Board of Megawheels

    CALGARY, Alberta--July 10, 2001--Megawheels Inc. (CDNX:MGW), a global applications provider to the automotive newspaper advertising and retail sectors, today announced that Phillip Crawley, Publisher and CEO of The Globe and Mail, has been named a director of the company. The Globe and Mail has been a partner of Megawheels since 1999, and produces and distributes the weekly Globemegawheels supplement in the newspaper, as well as operates the globemegawheels.com Web site.
    "We are very pleased to welcome Phillip to the Board of Directors," said Marty Hilsenteger, Chairman of the Board and Chief Executive Officer, Megawheels Inc. "Phillip brings extensive, international newspaper experience. His insights and guidance will be invaluable as we continue to establish media partnerships around the world."
    "The integrated web-to-print automotive advertising solution which Megawheels delivers to the Globe and Mail, and Globe Interactive, our new media company, has created an unique opportunity to provide a valuable service to automotive dealers in Canada as well as a new revenue stream to our company," said Phillip Crawley, Publisher and Chief Executive Officer of The Globe and Mail. "Creative, integrated solutions that capitalize on the convergence aspects prevalent in today's marketplace are the wave of the future. I believe the global opportunities presented by Megawheels' publishing technology are substantial and I am very excited to be able to play a role in furthering their growth."
    Crawley joined The Globe and Mail in 1998 from the New Zealand Herald where he was Managing Director. He was also CEO-designate of its parent company, Wilson and Horton, New Zealand's largest media business. Prior to joining the Herald in 1997, Crawley spent four years as Managing Director of The Times Educational, Higher Education and Literary Supplements in London. He was also Editor-in-Chief of The South China Morning Post in Hong Kong for five years.
    In conjunction with Crawley's board appointment, the Company has announced the first in a series of webcasts to be held in the upcoming months. These webcasts will focus on convergence issues and opportunities in the automotive retail sector. The first webcast, Portals. Profits. And More. will be hosted by Phillip Crawley on Thursday, July 19th, 2001. Open to the general Internet public, the program will be of particular interest to newspaper publishers and automotive dealers. Crawley will be joined by Megawheels CEO, Marty Hilsenteger and Neal Hill, Managing Partner of Venture Capital Management Company. Details on Portals. Profits. And More. will be posted on the Company's website at www.megawheels.com and at www.globeandmail.com.

About The Globe and Mail

    The Globe and Mail is Canada's National Newspaper, daily offering over a million readers from coast to coast unparalleled national, international and business reporting, analysis and commentary. The Globe and Mail is a division of Bell Globemedia, Canada's premier multi-media company, owning the country's strongest media brands - CTV, Canada's leading private broadcaster; The Globe and Mail; Globe Interactive, a leading Internet content provider; and Sympatico-Lycos, the number-one Canadian Internet portal. Bell Globemedia creates superior Canadian content, leveraging it across multiple channels, building connections and forming new commerce opportunities. Headquartered in Toronto, it is owned by BCE Inc. (70.1%), The Thomson Corporation (20%), and The Woodbridge Company Limited (9.9%).

About Megawheels

    Founded in 1995, Megawheels Inc. (CDNX: MGW) has rapidly grown to become a leading provider of search-engine technology for the automotive manufacturing and advertising sectors and software solutions for automotive retail business management. Through Net2Print, its reverse Web-to-print publishing solution, the Company has established its global reputation with leading newspaper groups in Canada, the U.S. and Great Britain as the only provider of online/offline publishing solutions that seamlessly integrate online classified content into offline print products. Net2Print provides newspaper publishers a white-labelled, highly functional automotive website along with a quick-to-ramp revenue stream and evidenced efficiencies upon which to embed their value and services with the primary advertising customer group, the auto dealer.

The Canadian Venture Exchange has neither approved nor disapproved the contents of this news release.