NowAuto the Largest Independent Auto Dealer in Arizona

SCOTTSDALE, Ariz., March 31 -- NowAuto, Inc. today announced it has signed the purchase agreement to acquire Sunburst Car Company, Arizona's largest independent used car dealership. NowAuto's acquisition is an all-cash transaction. Sunburst expects annual sales in excess of $16 million in 2005 and being accretive to NowAuto. Final transfer of assets, employee processing, and transfer of emissions, auction house, and auctioneers licenses is anticipated to be processed next week.

Sunburst Car Company is the largest independent auto dealership in Arizona and has been open since 1991. Sunburst is located in Phoenix, Arizona and is best known for its public vehicle auctions every Saturday while providing a full-service mechanical operation, including service, repair, auto body, and emissions. Sunburst Corporate website is http://www.sunburstcarco.com/.

Scott Miller, CEO of NowAuto, states, "As a result of this transaction NowAuto is becoming the largest independent used-vehicle dealership in Arizona. We intend to expand our leadership position by combining NowAuto's no credit check auto financing with the sales power of Sunburst Car Company. Sunburst will purchase all vehicle inventories which will be serviced and any necessary body work completed at Sunburst before vehicles hit one of our four locations. This should significantly increase sales and reduce costs enabling NowAuto to progress to become a $100 Million revenue company."

NowAuto has also announced it has retained SEC Council to file its registration statement to become a fully reporting company.

Tino Valenzuela, COO of NowAuto, states, "With this merger, NowAuto is the largest independent used car dealership in Arizona. Our revenue and sales will reach a point where becoming a fully reporting company is necessary. Our immediate goal is to get off the Pink-Sheets. This merger, combined with becoming a fully reporting company, are two major steps toward our commitment to build shareholder value."