Mike Scarff Acquires Auburn Subaru

SEATTLE, April 4 -- MD Johnson, Inc. is pleased to congratulate Mike Scarff, formally President and General Manager of Bowen Scarff Ford of Covington, on his acquisition of Auburn Subaru, a retail automobile dealership located in Auburn, Washington. Financial details of the private transaction were not disclosed. The dealership was purchased directly from owner Roger Vermazen. Mr. Vermazen retains the adjacent Auburn Volkswagen and the real property for both dealerships.

MD Johnson, Inc. Serves as the Exclusive Transaction Advisor to Mr. Scarff

MD Johnson, Inc. along with Scarff, structured and negotiated the transaction and managed the closing.

Roger Vermazen had operated the Subaru dealership continuously from the current site for almost 16 years. Vermazen and Scarff, long-time associates and friends, decided the transition served their mutual interests. Now as neighboring business owners, they are looking forward to a promising future.

Scarff commented that "Subaru has an outstanding product and excellent management" and that he was excited to be associated with Subaru of America. Scarff and Johnson had engaged a number of other opportunities, but agreed that this was the best fit.

Stuart Scarff Esq., of Scarff & Wilson PLLC provided legal services to Michael Scarff. Ronald Coleman Esq., of Davies Pearson, P. C. provided legal services to Vermazen.

A New Automotive Chapter for Scarff

Mr. Michael Scarff, now sole owner of Subaru of Auburn, will also act as the General Manager of the dealership. Mike brings his extensive retail automotive experience and his commitment to customer service to his new venture. Mark Johnson noted, "Mike's proven track record demonstrating integrity and innovation will insure that this dealership will be a strong competitor on Auburn Way's auto row."

MD Johnson, Inc. is a mergers and acquisitions firm specializing in advising Buyers and Sellers of automobile dealerships, dealership platforms and dealership real property. The firm provides exclusive (Buy or Sell side Fee Only) consultation services to its clients including detailed Transaction Management Services as part of the standard acquisition or divestiture engagement. MD Johnson, Inc. has represented dealership transactions with AutoNation and Asbury Automotive Group as well as the largest privately held dealership groups in the USA.

MD Johnson, Inc. most recently acquired Mercedes Benz of Palm Beach and Mercedes Benz of Palm Beach Gardens (under construction) in the lucrative South Florida Market, on behalf of one of the firm's Northeastern clients. February 1, 2006