NowAuto, Inc. Responds to Inquiries on Previously Announced Acquisition

SCOTTSDALE, Ariz., July 20 -- On July 18, 2005, NowAuto, Inc. (Pink Sheets: NWAU) announced the execution of the Definitive Purchase Agreement with Global-E Investments, Inc. (BULLETIN BOARD: GEIV) . Several questions have been raised by Shareholders and Institutions of the effect of the acquisition on previous released guidance.

Giving effect of the acquisition and the resulting number of shares outstanding, the company maintains its previously announced projections equating to $.70 - $.75 cents per share. The slight increase in net income, giving effect of the added share count, is a result of the substantial growth of the company's newly formed wholesale auto division and better than expected performance of the Navicom GPS subsidiary. Further, the company announced an early guidance for fiscal 2006 of $1.00 to $1.15 per share.

Management believes this acquisition is a necessary, and the most efficient, step in bringing the company to a fully reporting status and expects to offset the additional share count through more favorable pricing in future financings available to reporting companies.

Other Events

In the past week, NowAuto has spent over $500,000 purchasing an additional 120 cars for the dealerships in Tucson, Mesa, Scottsdale, and Phoenix. The increase in inventory is to handle the demand from the recently launched media campaign including 10 new television commercials that launch this week.

On July 30, 2005, NowAuto will be celebrating the 15-year anniversary of recently acquired Sunburst Car Co. At this event, over 150 cars, trucks, and SUVs will be auctioned off. NowAuto owns all vehicles sold at Sunburst auctions. The company will have several special promotions at this event including a free drawing for a late model pickup truck. Over 600 people are expected to attend. Univision, the leading Hispanic television station, will have a live broadcast from this event.

All media, shareholders, and those interested in learning more about NowAuto are encouraged to visit this event.

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.

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