AutoTradeCenter On Course for Positive Cash Flow in Fiscal 4th Quarter

    SCOTTSDALE, Ariz.--Nov. 16, 2001--AutoTradeCenter (OTCBB:AUTC) announced second quarter Internet revenue of $414,345 and $999,170 for the three months and six months respectively ended Sept. 30, 2001.
    These figures represent a 63% and 136% overall revenue increase over the same periods last year. The company incurred a net loss of $2.2 million or $0.05 per share for the three months and $3.6 million or $0.08 per share for the six months ended Sept. 30, 2001.
    "We are extremely pleased with our quarterly and six month results," stated Roger L. Butterwick, president of AutoTradeCenter. "While the second quarter shows a net loss of $1.4 million from operations, it is primarily the result of $1.0 million in non-cash expenses such as amortization and depreciation."
    "Our upward revenue trend reflects the strength of our Internet remarketing programs despite industry repercussions resulting from the recent tragedies in New York and Washington," continued Butterwick. "The rippling effects of zero percent financing in new car incentives, a glut of program car returns, and a cyclical reduction in off-lease vehicles are challenges every vehicle remarketer has had to face.
    "AutoTradeCenter's business plan is meeting these challenges and we look forward to further increases in third and fourth quarter revenues and the opportunity for positive cash flow positive for our fourth quarter."
    The company's 10Q filing with the SEC can be accessed through the EDGAR reporting system located at 222.sec.gov. The company's financial statements for the second quarter and six months ended Sept. 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 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.'s PROline, utilizing Internet technology and remarketing services. ATC launched a similar remarketing program for Volvo Finance North America Inc. in October 2001.
    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.