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lanelogic Signs Over 1000 Dealers at 2006 NADA Convention

Product Affresses Need for Used Vehicle Industry Efficiency

DALLAS - Feb. 21, 2006: lanelogic, a used-vehicle trading network that uses real-time sales data to conduct electronic trading between automotive dealers nationwide, experienced what they believe was an extraordinary response to its vehicle trading concept at NADA. They consider the response to be a validation of the business model for lanelogic and their many high profile partners. Also, encouraging lanelogic's belief that dealerships are ready for increased efficiency and profit that will result from an alliance with the first independent national used-vehicle market marker.

Just one week following lanelogic's exhibit at one of the industry's largest automotive trade shows, NADA (National Automotive Dealers Association), dealers from all over the country have committed to join the lanelogic's network after learning about the benefits the company has to offer including risk-free inventory, 5-minute electronic bids for old aged or trade-in vehicles, and the billion dollar corporate partnerships.

"Our multimedia presentation http://www.lanelogic.com/web_preso/ shown in the lanelogic booth during NADA generated enthusiasm and conversation among automotive dealers, as well as industry experts," said Melissa Winnett, lanelogic's Director of Marketing. "The response to our risk-free used vehicle inventory, where we allow dealerships to rid themselves of aged inventory, was incredible."

"lanelogic has great potential to bring efficiency into the used-vehicle market throughout this year as well as efficiency that will transfer immediate profit results to the individual dealers from the first day that they begin utilizing lanelogic services," said Automotive Industry expert Joe Lescota.

lanelogic representatives will appear at several other automotive industry events in 2006 including two events in Las Vegas, NABD Convention, May 8-10 and NIADA, June 8-10, and the iRemarketing Conference in San Antonio, May 17-19, 2006.

About lanelogic

lanelogic is the used-vehicle market-maker that uses real-time sales data to conduct electronic trading between automotive dealers nationwide. lanelogic acts as a buying agent, discerning which used vehicles specific dealerships are most likely to sell quickly for the optimal sales price, and which vehicles those dealerships should trade or send to lanelogic's Fresh Trade Auction. lanelogic's 45-day buyback guarantee on all lanelogic-provided vehicles means that lanelogic eliminates the high risks of aged used-vehicle inventory--the single-greatest risk faced by automobile dealerships that buy, sell, or trade used vehicles. Additionally, lanelogic reduces dealers' inventory risks by providing the nation's first Fresh Trade Auction site as an efficient alternative for those vehicles that cannot be matched to a franchise store.

Launched in November of 2005 in Dallas, Texas, as a subsidiary of VB2/Copart, lanelogic's credibility is bolstered by its leadership in the form of CEO/Founder Bruce Thompson, former CEO and founder of American Auto Exchange. Strategic Alliances with VB2, American Auto Exchange, American Broadcasting Company Auctions (ABC Auctions), SGS, and Great American Insurance mean that lanelogic is uniquely positioned to gather the needed inventory intelligence, to deliver the industry's first real-time intelligent vehicle trading platform.