FoohMotors Changes Name to iBidMotors; Launches Next Generation Car Dealer Auction Sites

    PRINCETON, N.J., Feb. 11 -- FoohMotors, the first and only
provider of online auctions devoted exclusively to the local car dealership
market, today announced that it has changed its name and its brand to
iBidMotors.  Millions of dollars of pre-owned cars have already been sold
through the iBidMotors auction sites.
    iBidMotors enables car dealers to sell new and pre-owned cars, trucks,
parts and accessories on an online auction. "The big difference between eBay
and iBidMotors is that iBidMotors is designed for local car dealerships. It
provides car dealerships the opportunity to auction off the entire inventory
that is sitting on the lot," said Dana Spector, Vice President of Sales. Over
the last several years local car dealers have spent thousands of dollars
developing and implementing websites and Internet sales teams. Now dealers are
looking for creative ways to actually sell more cars through those sites and
drive down the cost of sales while increasing profitability. Each auction site
is branded with the dealerships' "look and feel" with hyperlinks to the
dealerships website.
    iBidMotors also announced today the general availability of iBidMotors 3.0
beginning February 14th.  This latest version delivers enhanced functionality
that includes an interface that makes it easy to populate the auction site
with the dealers' entire inventory with just a click of the mouse, colorful
and creative formats to make each car that is being sold stand out, 360 degree
views of each car, new spotlight and gallery auctions that include multiple
images of the car, new navigation tools, customizable areas to promote up to
the minute dealer information, new car chat cafe and a Car-mmunity area that
links consumers to hundreds of car-related web sites.
    "Today, we have delivered on our promise to bring proven easy to use
auction software to local car dealers across the country and give them new
creative tools to sell more cars and improve profitability on the Internet,"
said Bob Schiff, iBidMotors President and CEO.
    For more information call 1-866-404-3664 or visit the demo site at:
http://www.iBidMotors.com

    Press Contact: Bob Schiff (609) 275-0041.