Partners Wanted for Fast Growth Collector Car Auction Site

SAN DIEGO, May 6, 2003 -- While hundreds of companies have tried and failed in the online auction business, CalCruising (www.calcruising.com) collector car auctions continues to defy the odds. CalCruising is currently the second largest online auction site for classic and collector cars, with a member base of nearly 10,000, and a following of over 200,000 collectors a month.

Over the last four years CalCruising has steadily grown into a market leader by offering collector vehicles from Southern California to the rest of the country and world. Their popular auction format has created a loyal following of high-end collectors looking for better vehicles than typically seen on eBay Motors. This summer, CalCruising has decided to expand their market by licensing other areas of the country to provide similar auctions. Through these licenses CalCruising will continue to capture market share while offering a better service than its competitor eBay Motors.

According to founder Michael Schriner, "Through our license program we would like to capture 17% of eBay Motors market share while offering a superior product. We believe by doing this we will be an excellent candidate for acquisition by one of the leading auto-related companies within the next 12 to 24 months."

CalCruising was started with only $50,000 in capital and has quickly grown into a million-dollar business. Schriner goes on to say, "With the second wave of the Internet now emerging, CalCruising stands out as one of the early survivors. We our now positioned to dominate collector car auctions and other high-ticket venues."

CalCruising will also be introducing additional site features to make their site a one-stop experience for the highline collector. These features include, Auto-Dispatch to help transport vehicles after the auction, Auto- Directory to shop for needed parts and accessories, Post-Auction Showroom to contact owners directly if the vehicle does not sell on auction, and free Member Auctions, so participants can sell their own vehicles.

In order to fund this growth CalCruising is looking for strategic partners to participate. President Michael Schriner says, "We continue to make CalCruising a better online alternative to finding classic cars, with all these new programs, this summer, we will ensure our continued growth as a market leader. We would like to bring in additional capital to fund this growth. To do this we our offering an excellent program."

If you would like more information on how to get on board with these guys, send them an email or give them a call.

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.