AutoTradeCenter Q1 Internet Revenue Up 244 Percent From Last Year

    SCOTTSDALE, Ariz.--Aug. 15, 2001--AutoTradeCenter (OTC BB: AUTC) Wednesday announced first quarter Internet revenue up 244 percent over the same period last year.
    Reported revenue of $563,655 for the first three months, ending June 30, 2001, represents over 65 percent of the company's total Internet revenue for the year 2000.
    "AutoTradeCenter's ("ATC") continuing strong Internet performance reflects the automotive industry's accelerating acceptance and utilization of the company's core business plan," stated Roger L. Butterwick, president.
    "This is a pivotal year for AutoTradeCenter. We look forward to next month's launch of Volvo Finance North America's remarketing program and the implementation of additional revenue generating services for our current and future clients."
    "While the first quarter shows a net loss of $1.4 million," commented Butterwick, "it is primarily the result of a non-cash charge of $1.0 million for amortization and depreciation."
    The company's 10Q filing with the SEC can be accessed through the EDGAR reporting system located at www.sec.gov. The company's financial statements for the first quarter and three months ended June 30, 2001 are posted in the Investor Relations section on its Web site www.autotradecenter.com.
    AutoTradeCenter (ATC) is the leading Internet-based "business-to-business" automotive re-marketing 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.'s PROline, utilizing Internet technology and re-marketing services.