JM Family Enterprises, Inc. Launches JMsolutions; Ultimate Solution Provides Dealers with Front End, Innovative Technology Products and Services

DEERFIELD BEACH, Fla.--Jan. 2, 20065, 2006--Tight profit margins have become status quo in the automotive arena, as dealers work hard to remain competitive. Like many of today's business owners, auto dealers are increasingly relying on technology to make the most of every sale and service provided. Deerfield Beach, Fla.-based JM Family Enterprises (JMFE), long recognized as an innovator in the automotive industry, is pioneering technology solutions that offer front-end value to dealers with the launching of JMsolutions(TM) (http://www.jmfe-jmsolutions.com).

"During the past several years at JM Family, we continued to see a lot of opportunities throughout dealers' operations," said JMsolutions President Scott Barrett. "We had dealers telling us that they were faced with increasing obstacles to profitability, and in part, those obstacles were technology related. We responded by putting our 37-plus years of diversified automotive experience into JMsolutions to provide dealers with the best, most state-of-the-art technology services available to support their operations."

Executing on JMsolutions' mission, a majority interest in American Auto Exchange, Inc. (aaXchange) was acquired. aaXchange is a successful automotive software company based in Dallas, Texas, dedicated to streamlining dealerships' used vehicle operations with a primary focus on inventory optimization and vehicle purchase and disposal. The company has a client base of approximately 1,000 dealerships nationwide. aaXchange's premiere product, its Vehicle Management System, enables dealership personnel to make fact-based decisions -- ultimately providing for faster inventory turns, fewer trade losses and greater lift in the new car side of the dealership.

"When faced with a potential trade-in vehicle, the pre-owned vehicle manager can instantly access information on how well this vehicle has sold historically in the dealership and particular market area, the value of the trade-in, and where it would best fit into current inventory -- in their dealership or a sister store," said Barrett. "Our technology is taking the potentially risky guesswork out of the used vehicle process."

JMsolutions is also introducing its new RetailSuite(TM), an integrated Menu, Desking, and Reporting application set that helps dealers improve collaboration among departments, more quickly complete the sales process, and better monitor productivity. This product set enables dealers to better serve their customers with greater quality and efficiency, while maximizing profitability at the same time. "We're excited about the products we're introducing and the immediate impact that dealers will realize," Barrett continued.

This year's NADA Convention and Exposition will offer visitors to the aaXchange booth #462 regularly scheduled presentations and demonstrations of its Vehicle Management System and showcase the JMsolutions RetailSuite(TM). In addition, visitors will also be excited to see its new Mobile Auto Xchange(TM) appraisal device which nicely compliments the Vehicle Management System suite of inventory management products.

About JMsolutions(TM)

A division of diversified automotive company JM Family Enterprises, Inc. (JMFE), JMsolutions (http://www.jmfe-jmsolutions.com) acquires, creates and markets innovative software systems to help automotive dealers improve operational efficiencies while maximizing sales. Building on JMFE's tradition of establishing businesses that provide premier products and services to the automotive industry and beyond, JMsolutions focuses on inventory optimization, technology integration, finance and insurance menu, dealer desking and reporting solutions. Headquartered in Deerfield Beach, Fla., JMsolutions has major operations in Dallas, Texas.

About JM Family Enterprises, Inc.

JM Family Enterprises, Inc. (JMFE) (http://www.jmfamily.com), with revenues exceeding $9 billion, is a diversified automotive company ranked by Forbes as the 17th largest privately held company in the U.S. It is currently ranked No. 40 by a survey in FORTUNE(R) magazine of the 100 Best Companies to Work For in America and No. 77 on the InformationWeek 500 listing of the nation's leading information technology innovators. JMFE's primary subsidiaries and divisions include: Southeast Toyota Distributors, LLC (SET), World Omni Financial Corp., JM&A Group, JM Service Center, JMsolutions and JM Lexus. Headquartered in Deerfield Beach, Fla., JMFE has major operations in Jacksonville, Fla., Mobile, Ala., Commerce and Alpharetta, Ga., and St. Louis, Mo.