AutoInfo, Inc. Reports Record Quarterly Revenues and Continued Expansion of Agent Network

    BOCA RATON, Fla.--Jan. 21, 2002--AutoInfo, Inc. (OTCBB:AUTO) today announced record quarterly revenues of $2,700,000 for the quarter ended December 31, 2001.
    This represents growth of 129% over the comparable prior year quarter and growth of 33% over the quarter ended September 30, 2001. Final audited financial statements will be available with the filing of Form 10-K due by March 31, 2002.
    Harry Wachtel, President, stated, "We now have over thirty transportation professionals in fifteen states are pleased to announce record revenue growth. We are attracting transportation professionals with proven industry experience as well as expanding our offering of services to the transportation community."
    AutoInfo, Inc., operating through its Sunteck subsidiary, is a non-asset based supply chain logistics company. Its services include ground transportation coast-to-coast, warehouse services, air freight, rail and ocean freight. Sunteck has developed strategic alliances with major truckload, LTL (less than truckload), air, rail and ocean carriers to react to customers' needs quickly and effectively.

    This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties. Actual results or achievements may be materially different from those expected or implied. The Company's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company, including The Company's ability to implement the Sunteck business plan and sustain profitability. Therefore, there can be no assurance that forward-looking statements will prove to be accurate.