CarParts Technologies Expands Management Team to Accelerate Growth; Alan Bennett, Executive Chairman of CarParts Technologies, Appoints David McCann as CEO

    EL SEGUNDO, Calif.--Feb. 4, 2002--CarParts Technologies Inc., the leading provider of integrated supply-chain management solutions to the automotive aftermarket, announced today that it has appointed Dave McCann as the company's new Chief Executive Officer. McCann, an experienced software executive, will work with Bennett at CarParts Technologies to manage and accelerate the growth of the company.
    CarParts Technologies has experienced substantial growth in the last year, including multi-million dollar contracts with Fountain Tire, Merchant Tire and ProCare for its Shop Management System, and a large increase in contracts for the company's ERP/Supply Chain system from major automotive distributors such as ASCO Distributing, Herzog and South Eastern Warehouse Inc. of Atlanta.
    "Our recent growth has created the need for additional senior management, and we sought a senior software industry executive to complement our automotive expertise. We are excited to have someone with Dave's extensive software industry and managerial background join the company," said Bennett. "This will allow me to focus on the many acquisition opportunities available in our target markets."
    McCann will manage the organic growth of the company, running the company's internal operations, and take a seat on the company's Board, reporting to Bennett. He will also be in charge of integrating the company's acquisitions.
    "I am delighted to be able to join the CarParts team," said McCann. "The vision created by Alan at CarParts Technologies, to unify the supply chain in the aftermarket automotive industry with technology solutions, is very compelling. I was impressed by the significant milestones already accomplished, the extensive customer base already in adoption, the talent of the team at the company, and the quality of VC backing for this venture. I believe my operational skills will help execute the strategy already in place, and accelerate market adoption."
    "We have invested heavily in the CarParts Technologies solution, and believe in the vision they are bringing to our industry," said Danny Ward, CEO of South Eastern Warehouse Inc. of Atlanta, Georgia, and a major member of the Parts Plus Program Distribution Group, which represents 37 companies. "We are excited to see CarParts expand its management team with another technology professional. We would like to see CarParts be our sole source provider for all the application technologies we need in the next decade."
    McCann's background brings to CarParts Technologies over 20 years of high technology experience. Most recently, he was EVP of Worldwide Operations for Continuus Software Inc., a Southern California software company which provides collaborative Design Automation solutions for multiple industries -- including Automotive industry players such as GM, Mercedes Benz, BMW, Siemens Automotive, Delphi and Johnson Controls. After helping take Continuus public in 1999, he assisted in the merger of Continuus and Telelogic AB of Sweden in 2001.
    Prior to his experience at Continuus, McCann was CEO of technology start up SOS Wireless Inc., a company that developed back end application software for emergency phone services and call center operations. He held senior management positions at two other Southern California software technology operations, as VP & General Manager of Subscriber Computing Inc., and as VP & General Manager of the Spatial Database Division at Mapinfo Corporation. Prior to his experience in building new technology companies, McCann was SVP of Worldwide Product Management & Marketing for the $1 billion Client/Server Technologies Division of Unisys Corporation -- a $7 billion corporation.

    About CarParts Technologies, Inc.

    Founded in 1997, CarParts Technologies is a leading provider of integrated, end-to-end supply chain solutions for the automotive aftermarket. CarParts Technologies provides a wide range of open, scalable business applications, systems, and wireless technologies that allow automotive products to move efficiently from suppliers to customers throughout the aftermarket.
    With CarParts' solutions, over 120 companies with over 2200 locations, now generate new sales, operate more cost efficiently, accelerate inventory turns and maintain stronger relationships with suppliers and customers. The CarParts integrated network solutions allow suppliers and customers to manage internal operations more efficiently and build stronger external communication links with customers. CarParts' complete suite of business solutions has delivered compelling returns on investment to customers across the aftermarket supply chain.
    Headquartered in El Segundo, California, CarParts Technologies has received venture capital funding from BEV Capital, Rho Management, @Ventures, the affiliated venture capital arm of CMGI, St. Paul Venture Capital, Investor AB Group, and Ravenswood Capital Corp.