NowAuto, Inc. Announces That Wholly Owned Subsidiary Navicom GPS Was Approved by Mercury Insurance Group for Policy Discounts

Navicom Becomes 4th Approved Theft Device From Mercury, Added to the List of LoJack, OnStar, Teletrac

SCOTTSDALE, Ariz., Jan. 14 -- NowAuto, Inc. announced today that wholly owned subsidiary Navicom, a leader in GPS tracking technology, was approved by Mercury Insurance Group for comprehensive insurance discounts of 10%. Policyholders that use the Navicom system are given an additional 10% off their comprehensive insurance policy. Navicom is only the 4th approved tracking system by Mercury and will be added to the list of LoJack, OnStar, and Teletrac. Mercury Insurance Group operates in several states and is the 3rd largest insurer in California.

Scott Miller, CEO, states, "We were notified yesterday of this news and could not be more pleased. Mercury Insurance Group was considering discounts for customers who have Navicom installed on their vehicle but we received the approval much sooner than we expected. Mercury Insurance Group is the 3rd largest insurer in California and this could open up many sales opportunities for Navicom. This is another validation for Navicom and we are building the company to compete with the major players."

Navicom creates satellite maps on the Internet to show the vehicle within a five-foot range giving latitude, longitude, address, speed, direction, date and time. Using the Internet and GPS technology powered by Navicom, subscribers can access their vehicles in 98% of the US, Canada, and Mexico. The integrated functionality of Navicom includes immediate location, speed, direction, geo-fence notification, unlock/lock door, enable/disable starter, and many other features.

If interested in Navicom, please visit our website at http://www.nowgps.com/.

NowAuto has three unique and complementary sources of revenue broken down as follows:

  1.  Navicom, a subsidiary of NowAuto, has cutting-edge GPS technology
      that covers 98% of the United States, Mexico, and Canada.  The
      unique Navicom technology assists in vehicle location and control.
      Navicom allows the subscriber to access the vehicle location via
      the Internet and monitor location, speed and maintenance
      requirements.  The technology also has disabling capabilities,
      which stop a Navicom-equipped vehicle from starting.

  2.  NowAuto owns used-vehicle dealerships.  These dealerships are
      targeted at buyers with sub-prime credit to finance a vehicle with
      no credit check.  Using Navicom's technology the Company can shut
      down the car if payments are not received.  NowAuto sells its
      automobiles for an average of $7,000 with healthy profit margins.
      The new TV commercial can be viewed at http://www.nowauto.net/ by
   clicking the link at the top of the website.  NowAuto also has an
   online auto dealer division http://www.nowauto.com/.
   
   3.  NowAuto finances the vehicles it sells.  Automobiles will be
   financed to sub-prime credit borrowers at a rate of 29.99%.  By the
   end of 2005 NowAuto expects to have $10 million in loans receiving
   29.99% interest.

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.

We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.

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