Northeast Auto Acceptance Corp. Rolls out Online Marketplace to Auto Dealers Worldwide

MERRICK, N.Y.--Jan. 1, 20051, 2005--Northeast Auto Acceptance Corp. (OTC:NAAC) announced today that the company has just launched its own fully interactive website, complete with online store. The site, located at neaaonline.com, features the Northeast Online Cyber Lot, where dealers anywhere in the World have the ability to purchase vehicles on the Internet. The site features multiple images of each vehicle for sale, as well as a vehicle slide show, where dealers can view the vehicles prior to purchasing them. Dealers worldwide are welcome to tour the site and register online if they desire.

Bill Solko, Northeast's CEO commented, "We are very happy to announce the launch of Northeast Online. The site truly gives us a global reach, because the online store is open for business Worldwide, 24 hours a day, 365 days a year. Dealers anywhere in the World are invited to tour the site and register online if they choose. The registration process takes only a couple of minutes, and the site was designed for car people, not computer people, so it's very user friendly. We have the ability to deliver a sold vehicle anywhere in the United States, or to any port within the States for customers located outside the USA. The online store will enable us to better meet the needs of our current customers, as well as give us an opportunity to reach new customers around the World that we were previously unable to reach."

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.

STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Statements other than historical facts contained in this press release are "forward-looking statements". Such statements are based on management's beliefs and assumptions, and on information currently available, and involve uncertainties and other factors which may cause our actual, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by these forward- looking statements. Factors include, among others, our ability to finance our operations and the ability to obtain such financing; the successful completion of any prior and future acquisitions; any uncertainties relating to the integration of acquired businesses and operations; any disputes with, and claims asserted by, our creditors and other third parties; uncertainties relating to business and economic conditions in the markets in which we operate; uncertainties relating to customer plans and commitments; the timely development and market acceptance of our products; and the highly competitive industry in which we operate. We undertake no obligation to update any forward-looking statements in this press release.