Wrenchead Mourns Loss of Co-Founder and CEO

WHITE PLAINS, N.Y., Dec. 3 -- Wrenchead, Inc., announced today, with great sorrow, the passing of one of their founders and the company's Chief Executive Officer, Gus C. Conrades. Gus co-founded Wrenchead in February of 1999, with his partner, Bryan Murphy, and successfully established the company as a leader in software and electronic cataloging solutions to the Automotive Industry. Gus was 34 years old and is survived by his wife and son.

``Gus was a leader and an inspiration to all of us at Wrenchead,'' said Bryan Murphy, Chief Operating Officer of Wrenchead, Inc. ``His deep knowledge and love for this company, combined with his exceptional skills in developing technologies to make the industry more efficient have driven us to produce some of the best catalog and software products in the business.

``Gus will be deeply missed by all of his friends at Wrenchead, and his many colleagues throughout the industry. Our prayers are with Gus's family and friends. All of us at Wrenchead will work hard to continue to carry out the vision Gus helped create.''