Snap N' Sold Corporation Provides Investor Update in Special Letter to Shareholders

PALM HARBOR, Fla.--Feb. 2, 20062, 2006--Snap N' Sold Corp. (Pink Sheets:SNPD) Chairman, James G. Grady, issued a special letter to shareholders today regarding the Company's upcoming plans and future expectations. The complete text of the letter is as follows:

Dear Fellow Snap N' Sold Shareholder,

In a little more than six months since the Company's inception we have managed to transform a business concept into a viable niche-focused enterprise with an impressive list of milestones attained and equally impressive potential for growth in the future.

FY 2005 was a year that witnessed the genesis of Snap N' Sold as investors know it today. In early summer Raptor Investments strategically acquired EZ Auctions & Shipping and Thrifty Brothers, in which significant ownership, voting rights and Board control were turned over to the management of those companies along with the mandate to build, scale and refine a business concept into a world class enterprise. Almost immediately, the new company reconstituted under the Snap N' Sold brand, acquired HotAutoWeb, a two and a half year old web-based consigner of fine and classic automobiles, to address and capitalize on a distinct market need with consistent historical growth.

With these cornerstones in place, our management team spent the remaining months of 2005 grappling with integration issues and building the infrastructure necessary to support future growth under the company's operating model. Fast-forward to today and Snap N' Sold's businesses are primed for the next stage of growth. HotAutoWeb, now a scant three years old, has generated total gross merchandise sales in excess of $10 million, while Thrifty Brothers and EZ Auctions & Shipping have settled nicely into their new retail, distribution and listing locations. The progress made to-date, however, is merely prologue to a chapter in Snap N' Sold's history that we believe will highlight the most significant series of events yet.

The real purpose behind this letter is to provide shareholders with an overview of our plans and expectations for the foreseeable future, and in so doing, outline our expansion and marketing strategies as well as the results we expect to achieve.

Our management team has now turned its attention to "filling out" our businesses and developing a nationwide presence. Simply stated, we are laser-focused on dramatically increasing national consumer awareness of our brands and businesses and rolling-out additional service offerings such as HotPlaneWeb, HotCycleWeb, HotBoatWeb, etc. To attain the rapid national penetration rates we believe are possible, we are relying heavily on a strategy of centralized management with peripheral representation throughout each of our business lines.

Growth of HotAutoWeb and its adjacent business domains (HotPlaneWeb.com, HotCycleWeb.com, etc.) will be realized utilizing a territory representative program within each state, whereby the Company will employ "certified" HotAutoWeb reps throughout the nation. Prior to extensive training, each prospective territory representative will demonstrate significant domain expertise (Boat, Auto, Cycle, Plane, etc.) and exhibit proper character so as to uphold the reputation and level of service that founder, Brian Hanold, built into the original Company. Undoubtedly, creating this representative base is a lengthy, highly selective and capital intensive process, as we must assure quality, continuity and customer experience. We do, however, believe the pay-off will far exceed the capital investment.

Snap N' Sold's EZ Auctions & Shipping drop store consignment and packing and shipping business will rely heavily on expansion of company operated locations as well as territory licensing, as evidenced by the company's recent licensing of the rights to the state of Illinois to an established group of business people in that region. Unlike franchising, territory licensing enables Snap N' Sold greater assurances and capabilities in terms of quality control monitoring, business systems integration and interoperability, realizing economies of scale and more significant financial oversight and participation on an ongoing basis. Common sense dictates that selecting, integrating, monitoring and supporting 12 licensees that operate 500 locations will undoubtedly prove far more efficient and less burdensome than conducting the same activities with 500 individual franchise owners.

Thrifty Brothers' inventory liquidation, asset and estate disposition and in-house goods web-based marketing is a different animal altogether. While the company acts as a contract sales channel for corporations, estates and non profits, Thrifty Brothers also utilizes its channels, including eBay, to sell inventory that is acquired and owned by the company. The growth strategy for Thrifty Brothers will incorporate the build-out of "hub and spoke" regional bricks-n-mortar "super centers" to centralize sales, intake and fulfillment at a regional level. We believe this will allow for a great deal of operational efficiency and cost savings without sacrificing a local presence, great service and our commitment customer relationships.

The marketing strategies that we are implementing to support these expansion activities are both simple and highly effective. Utilizing a combination of media, event-driven public relations (PR) and direct-to-source marketing, Snap N' Sold's businesses will become well entrenched in the "every day" American lexicon. Sponsoring and participating in regional and national charity events will drive socially conscious customers to the Company's properties while the resulting merit-based media coverage of those events will create wider public recognition, appeal and adoption of our services. Direct-to-source marketing efforts on the other hand, will specifically target those markets in which the Company's businesses serve, including car collectors, owners of boats, planes, Cycles and RV's, probate attorneys, Non-Profit Organizations and durable goods manufacturers, among a host of others. We know our products work, and that a substantial portion of those who use our services will become repeat customers.

On another note, the Company has taken steps to provide investors with assurances that can only be gained by full disclosure and transparency. While we have hired auditors and accountants in order to prepare for quarterly and annual SEC filings, the timing of fully reporting status has yet to be determined and will ultimately depend on the growth and financial needs of the company. The costs associated with regulatory compliance, reporting and financial transparency in a Sarbanes Oxley environment must be reconciled against the mandate of fiscal responsibility. The bottom line is that the company will report as soon as it makes good business sense. Fiscal responsibility must take precedence to ensure the longevity of the enterprise until we can justify the additional costs. I will reassure you however, that we are absolutely committed to our fiduciary responsibility to the shareholder and the maximization of shareholder value.

To that end, the Company has also engaged the services of a new Investor Relations team to help the company in its next stages of growth. We will be announcing the appointment of our new IR team in the coming weeks and eagerly welcome their expertise in helping management in the next stages of company growth.

Management is acutely aware of the tension that exists between the need for growth capital to drive and the ultimate cost of that capital in terms of share appreciation potential. Although upcoming marketing events could result in sales growth sufficient to achieve positive net earnings, we cannot assume that will occur. Our goal is to implement the entire plan as outlined. We do believe, however, that some of the near-term events we've discussed may enable us to raise requisite investment capital at some point in the future under better terms than might be possible currently in order to increase the speed our growth.

So is the Company over its last big hurdle? Not even close. I am proud of what our company has achieved to date, but I would be remiss if I failed to acknowledge that our remaining challenges are as substantial as our potential to succeed. More than anything, I do want to thank you for your vote of confidence and the commitment you have made to the company to-date. Investing in early-stage Internet-focused commerce is a highly speculative endeavor that requires both patience and fortitude and Snap N' Sold acknowledges your role in our early successes. It simply would not have been possible without you. My hope is that your resolve as a shareholder has been strengthened by our accomplishments so far and I can say with all confidence that the company's management, employees and stakeholders look forward to rewarding you with impressive returns on invested capital as the company continues to grow. With your continued support we will complete the task of building a world-class enterprise originally set before us.

Yours truly,

James Grady, Chairman

Snap N' Sold Corporation

About Snap N' Sold Corp.

Snap N' Sold Corp., http://www.snapnsold.com, is engaged in the eBay , drop store industry with competitors, Las Vegas based Net2Auction Inc. (Pink Sheets:NAUC), subsidiary of AmeriResource Technologies, Inc. (OTCBB:AMRE), Dallas based Orbit Drop, Inc. (Pink Sheets:OBDP) and Auction Mills Incorporated (Pink Sheets:AUML) as well as other auction facilitators like the EZ2Companies.com, (OTCBB:EZTO). Snap N' Sold is managing its growth through the acquisition of community-centered retail "thrift stores" that will continue operating in that business while also acting as local eBay drop store 'consignment centers' and corporate and estate asset disposition offices. Snap N' Sold Corp. also through its HotAutoWeb subsidiary, http://www.hotautoweb.com, is engaged in the business of direct-to-consumer sales and auctions of highly-coveted classic, race cars and hot rods. While HotAutoWeb currently sells other forms of conveyance, such as RVs, airplanes, motorcycles and boats, the company will be building vehicle-specific web sites to facilitate listings and sales in the same manner as HotAutoWeb. The company is also instituting a National Regional Representative Program to drive local service representation and national listing and sales growth.

Safe Harbor

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Snap N' Sold Corp., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.