CarParts Technologies Names Steve Johnson Chief Financial Officer

    SAN JUAN CAPISTRANO, Calif.--Dec. 17, 2002-- CarParts Technologies Inc. (CPT), the leading provider of open, e-commerce and business automation software solutions for the automotive aftermarket, today announced the appointment of Steve Johnson as chief financial officer.
    In his new position, Johnson will be responsible for overseeing all aspects of CarParts Technologies' financial reporting, internal controls, financial planning and analysis, treasury management and investor relations.
    "Steve's extensive software industry expertise will further strengthen CarParts Technologies' management team," said Dave McCann, CEO for CarParts Technologies. "Steve will be instrumental in helping leverage the recently closed funding round by ensuring the company maintains its growth and achieves its strategic goals."
    Johnson brings more than 15 years of senior management level experience to CarParts Technologies, primarily in the software industry. Previously, Johnson was CFO at Continuus Software Inc., an Irvine, Calif.-based software company that provided collaborative design automation solutions to software developers in markets such as automotive, finance and telecommunications.
    While at Continuus, Johnson co-led an Initial Public Offering (IPO) on the Nasdaq and built up the finance, human resources, legal and IT divisions to support operations in seven countries. Johnson also assisted in the acquisition of two companies and ultimately co-led the sale of Continuus to Telelogic AB of Sweden.
    "This is an ideal time to join the CarParts Technologies team. CarParts Technologies has proven technology, a visionary management team and significant top line growth," said Johnson. "I'm looking forward to the opportunity to contribute to the continuing growth and evolution of the company's e-commerce software solutions for the automotive aftermarket."
    Johnson also served as CFO at Subscriber Computing Inc., in Irvine. During his tenure, he drove several rounds of financing, built out the finance, human resources and legal functions, and ultimately assisted in the sale of Subscriber Computing Inc. to Corsair Communications Inc. of Palo Alto, Calif.

    About CarParts Technologies Inc.

    CarParts Technologies is the leading provider of extended supply chain software solutions for the automotive aftermarket. The CarParts Technologies e-commerce platform enables efficient online trade, integration and collaboration between B2B marketplaces, buyers, suppliers and commerce service providers.
    The solutions are used in more than 3,000 leading aftermarket outlets including tier 1 manufacturers, program groups, tire and service chains, warehouse distributors, jobbers and independent installers. CarParts Technologies' open, end-to-end solutions allow companies to generate new sales, operate more cost efficiently, accelerate inventory turns and maintain stronger relationships with suppliers and trading partners.
    Established in 1997, CarParts Technologies' complete suite of business solutions has delivered compelling returns on investment to customers across the entire aftermarket supply chain. With headquarters in San Juan Capistrano, CarParts Technologies has received venture capital funding from @Ventures, the affiliated venture capital arm of CMGI, Rho Ventures, BEV Capital, Investor AB and St. Paul Venture Capital.