NowAuto to Merge With Fully Reporting Bulletin Board Company and File for NASDAQ Small Cap Listing

NowAuto Reaffirms Year Guidance to Reflect Improved Outlook for Existing Businesses

SCOTTSDALE, Ariz., June 23 -- NowAuto announced today it has elected to merge into a fully reporting company because the management of NowAuto believes it is a more efficient means to become fully reporting and move from the Pink Sheets to increase shareholder value and enhance access to the capital markets. Once on the Bulletin Boards, NowAuto will then apply for NASDAQ Small Cap. The 2nd Quarter (ending June 30th) expects to be audited and filed as a fully reporting company with the SEC. More information about the merger will be announced before month end.

Business Outlook

Based on its improved outlook for the second half of 2005 for its existing businesses, NowAuto is reaffirming guidance for its fiscal year 2005 guidance as follows:

   Fiscal Year 2005: New Guidance
   Revenue: $25 million
   Diluted net income per common share: $0.30-$0.33

This updated business outlook includes any contributions from the recently-announced Sunburst Car Company acquisition. The update also includes the recent growth and orders from wholly owned subsidiary Navicom GPS. The statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. These statements do not include the potential impact of the previously-announced transactions noted above, or any other mergers, acquisitions or business combinations that may be completed after the date of this release.

About NowAuto

NowAuto runs four auto dealerships in Arizona and its Sunburst Car Company location is currently the largest independent volume dealership in Arizona. Please visit our websites at http://www.NOWAUTO.com and http://www.SUNBURSTCARCO.com.

NowAuto finances the vehicles it sells with its "No credit check auto loans" with an interest rate of 29.99%.

Navicom GPS is a wholly owned subsidiary which is in development and manufacturing of its own Telemetric and Telemetry product and state-of-the-art backend service. The company announced today it will launch the q NETWORK which will support the NaviTraq V GPS unit as well as NaviTraq VI, the EGPRS product. Visit Navicom online, http://www.NOWGPS.com.

Investors with questions can contact CEO Scott Miller at smiller@nowauto.com or 480-990-0980.

Those interested in learning more about parent company NowAuto can email info@nowauto.com and request to be added to the investor news alert.

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.

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.