Auteo Media Announces the Expiration of the Self-Tender Offer

    SEATTLE--Aug. 29, 2002--Auteo Media, Inc. (OTCBB:AUTM), announced today that the purchase of the outstanding shares of its common stock expired at 9:00 A.M. Eastern Standard Time today, August 29, 2002.
    Auteo Media, Inc. has previously reported the sales of substantially all assets related to their primary business of data collection of automobiles. The company has curtailed all operations. The tender offer was intended to allow shareholders to sell their shares back to Auteo Media at a premium to the recent stock trading prices.
    Auteo Media will issue a subsequent press release detailing the results of the tender offer once it receives a final accounting from Transfer Online, the Information Agent and Depository for the tender offer.

    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.