Associated Automotive Group Inc. Announces the Appointment of Current Capital as PR Consultants

    DELRAY BEACH, Fla.--Oct. 9, 2002--Associated Automotive Group Inc. (the "Company") has entered into a Public Relations agreement, effective October 9, 2002, with Current Capital Corp. ("CCC") of Toronto, Ontario. The term of the agreement is for six months. Associative Services to be provided by CCC include financial consulting, communications and public relations consulting.
    David Jacoby, Vice President of Associated Automotive Group, Inc. said, "We selected Current Capital for our public relations program because of their reputation for identifying companies with undervalued share prices. The intent is to increase our visibility and develop interest in our company."
    Robert Kennedy, President of Current Capital said, "We are very pleased to have secured Associated Automotive Group Inc. as a client. Associated Automotive possesses an evolving business story that is consistent with our commitment to provide the investment community with compelling investment opportunities."

    About Associated Automotive Group Inc.:
    Associated Automotive Group, Inc., a publicly traded holding company, plans to become the first national operator of branded retail highline automobile dealerships, attaining a national footprint through strategic acquisitions of existing dealerships, adding franchised dealerships and organic expansion of its existing operations. Focused on the exotic and highline segment of the automotive industry, Associated Automotive Group (AAGI) will own and operate multiple dealerships in key markets throughout the United States.

    About Current Capital Corp.:
    Current Capital is a full-service public relations and corporate communications firm that specializes in working with clients to effectively position them with current and prospective investors. With a broad range of clients -- small-cap to multinational, resource-based to high-tech, Current Capital's goal is to help clients build positive and enduring relationships with financial audiences. More information about Current Capital can be accessed at www.currentcapital.com.

    This press release may make forward-looking statements, which are subject to various uncertainties and risks that could affect their outcome. Factors, which could cause or contribute to differences include, but are not limited to, economic conditions, product demand and sales, interest rates, foreign currency exchange rates, competition and competitors' actions, and changes in the industry. Please refer to the company's 10-K, 10-Qs and other SEC filings for a more detailed discussion of the risks. This press release does not constitute an offer to sell or solicitation of an offer to buy Associative Automotive Group Inc. securities.