Northeast Auto Acceptance Corp's. Third Quarter Revenue Surge

MERRICK, N.Y.--Dec. 2, 20040, 2004--Northeast Auto Acceptance Corp. (OTC: NAAC) announced today that the company's third quarter 2004 revenue rose sharply to $13,720,450, a 74% increase over the $7,896,416 the company reported in the third quarter of 2003. For the nine-month period ended September 30, 2004, the company posted total revenue of $34,845,586 versus $21,772,780 for the same period in 2003.

Bill Solko, Northeast's CEO stated, "We are very pleased with the results of the third quarter. We have already exceeded last years 12-month revenue figure and we are looking forward to capping off this record year with a strong fourth quarter."

About Northeast Auto Acceptance Corp.

Northeast Auto Acceptance Corp. focuses on the wholesale segment of the auto industry. The company specializes in the marketing of vehicles on a national basis, which allows them to take advantage of seasonal and geographical pricing disparities. Northeast, a leader in this highly fragmented industry, has sold more than $200 million dollars worth of vehicles during its 10 years of operation. The company has offices in the New York metropolitan area.