AutoTradeCenter files 10-Q For December 31, 2001; Reports 200% Revenue Increase Over Last Year

    SCOTTSDALE, Ariz.--Feb. 12, 2002--AutoTradeCenter (OTCBB:AUTC) announced third quarter Internet revenue of $623,580 and $1,612,285 for the three months and nine months respectively ended December 31, 2001.
    These figures represent a 222% and 287% overall revenue increase over the same periods last year. The Company incurred a net loss of $2,114,093 or $0.04 per share for the three months and $5,722,691 or $0.12 per share for the nine months ended December 31, 2001.
    "Strong December revenues resulted in the company's achieving positive EBITDA in line with management projections," states Roger L. Butterwick, President of AutoTradeCenter. "During this quarter, we remarketed almost 8,000 vehicles via our branded web sites. The beginning of our 4th quarter looks to continue our record breaking pace." While the third quarter shows a net loss of $2.1 million from operations, it is mainly the result of non-cash expenses such as amortization and depreciation. The company expects the upward revenue trend to continue through 2002.
    The Company's 10Q filing with the SEC can be accessed through the EDGAR reporting system located at www.FreeEdgar.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 U.S. ATC powers the American Honda Finance Corporation's Vehicle Inter-Dealer Purchase System (VIPS), the American Suzuki Motor Corporation's PROline, and Volvo Finance North America's Remarketing Internet Database Explorer (VolvoRIDE) utilizing Internet technology and remarketing services. 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.