Auteo Media Announces Record Revenues, Gross Profits and Financial Results

    SEATTLE--March 12, 2002--AUTEO MEDIA, INC. (OTCBB:AUTM), a leading provider of communication and advertising solutions for the automotive industry reported sales for the year ending December 31, 2001.

    Year-over-Year Revenues Grow 71% to $1.53 million
    Year-over-Year Gross Profits Grow 71% to $1.39 million, representing 91% of revenues

    Sales for the year ended December 31, 2001 increased by $636,000 to $1,530,000, a 71% increases over fiscal year 2000. This growth can be attributed to our operations in California, continued penetration of Washington and new product sales. Gross profit for the year increased by $578,000, a 71% increase. Selling, general and administrative expenses, increased from $1,129,428 to $1,603,286 due to sales and operational expenses of establishing operations in California, additional labor costs to handle the increased demand for the Company's existing products and development of new products. Net loss for the year decreased from $536,000 in 2000 to $367,000 in 2001, a decrease of 32%.
    "Given the competitive and market environment we are on track with our results this year and are very excited about our positive financial trend," stated Steve Van Leeuwen, CEO of Auteo Media. The Company reported results for combined third and fourth quarters whereby the loss, excluding non-cash items, decreased from $352,000 in 2000 to $37,000 in 2001, a decrease in loss of 851%. "Our primary objective now is profitability." In 2002 we will capitalize on our new geographic markets, new product penetration and the acquisition of NWCarnet," stated Van Leeuwen.

    Auteo Media, Inc., (OTCBB:AUTM) is a recognized pioneer and share leader in the automotive information industry. We offer west coast auto dealerships a powerful suite of e-business systems including digital data and photo collection, customer relationship management (CRM) applications, web site development and hosting services, and e-commerce tools. Headquartered in Seattle, Wash. since 1997, we are positioned with our clients as a one-stop partner; enabling sales teams to best serve the automotive consumer. Visit www.auteo.com for current information.

    CAUTIONARY STATEMENT: NASD has neither approved nor reviewed the information contained herein. Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential" or "continue," as well as the negative of these terms or other terminology. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ. More information about such risks and uncertainties are included in Auteo Media's most recent annual report on Form 10K. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as to the date of this release. Auteo Media undertakes no obligation to update any forward-looking statements.