icarz, Inc. Announces PartsWatch 2.0 Now Available

CEDAR KNOLLS, N.J.--Aug. 1, 20047, 2004--icarz, Incorporated, a supplier of demand chain solutions for complex distribution environments, today announced general availability of the latest version of its flagship product, PartsWatch(R). PartsWatch is a comprehensive store management system with built-in Internet connectivity. PartsWatch users get instant on-demand access to real-time information from manufacturers and trading partners. PartsWatch is the automotive aftermarket's only true e-business platform. In addition to its comprehensive in-store functionality, PartsWatch enables users to offer their customers integrated e-Commerce and e-Office capabilities, such as on-line account management.

The new release includes additional cataloguing, pricing, and reporting feature enhancements as well as an improved GUI. The cataloguing feature is more robust and supports additional 3rd party database integration including labor rates and customer look-up. Counter personnel can utilize pricing enhancements including automatic pricing based on customer information, automatic velocity pricing, and automatic price rounding. In addition, the product's pricing feature has expanded to support state, county and city/local taxes as assigned, as well as disposal and other fees. The reporting feature now offers companies more flexibility and includes a new Inventory Redistribution Report based on customer input.

"We have been putting extraordinary effort into our PartsWatch product," said Jesse Hermann, President and CEO of icarz. "Release 2.0 is a tremendous accomplishment by the team. And because of our philosophy of continual upgrades as part of our basic subscription price, our customers all get Release 2.0 at no extra cost, as they will all future upgrades as well. Upgrade charges and out of date software are things of the past with PartsWatch. And we are continuing to aggressively invest to ensure that PartsWatch continues to lead the industry as the most advanced store management software."

icarz, Incorporated is pioneering the development of next-generation, Internet-based store management and distribution solutions sold into organizations whose success depends on efficient, reliable parts distribution. The icarz team has focused on the automotive aftermarket for over 25 years and, as a result, has a significant installed base within this industry. The company is actively pursuing new markets including commercial and industrial trades such as plumbing, electrical, and building products, as well as hardware, tires and specialty retail. The company has over 80 employees and is growing. It recently moved its headquarters to Cedar Knolls, NJ and has additional product development and sales offices in Milford, CT and Newton, NJ.

For additional information please visit the company's website at www.icarz.com or contact us at 800-997-9754, extension 154.