lanelogic Introduces Put Bid Program, Overwhelming Received by Dealers

DALLAS--June 21, 2006--lanelogic, the used vehicle market-marker, enhances its dealer services with a new program called the "Put" Bid, inspired by a "Put" Option in the stock market. lanelogic's Put Bid is designed to lock in the wholesale price of a used vehicle 45 days in the future, regardless of fluctuations in the automotive market.

Put Bids offer financial protection against inventory risks associated with trade-ins or aging inventory. The Put Bid is similar to lanelogic's well received 45-day Buy Back Guarantee, but extends protection to any used vehicle, not just vehicles within a dealer's model inventory. Put Bids can be placed on every trade-in or aged vehicle regardless of a dealer's sales history. If the vehicle is not retailed after 45 days, it can be sold back to lanelogic for the Put Bid amount. Ultimately, the program allows lanelogic dealers to keep any vehicle on their lot risk-free.

"The new Put Bid option allows a dealer to eliminate water in their inventory through Put Bids. Put Bids can be purchased on any used vehicle. When a dealer accepts a vehicle's Put Bid, he locks in a future wholesale price and completely protects used inventory from wholesale loss that comes with age," stated Bruce Thompson, Founder/CEO of lanelogic.

"I've never seen anything like it. I'm trading for more vehicles because I can aggressively win the customer's business with lanelogic's bids. I can then try to retail them without ever worrying about my wholesale loss. We set used vehicle sales records last month and are on pace to do so again this month. Quite simply, lanelogic is the best used car tool I have ever seen." Said Todd Lochner, Used Car Director, Toyota of Plano, TX.

Dealers who want more information on lanelogic's Put Bid Program can call 888.613.8199.

ABOUT LANELOGIC

Launched in November of 2005 in Dallas, Texas, partnered with Internet pioneer VB2/Copart , lanelogic's credibility is bolstered by its leadership in the form of CEO Bruce Thompson, former CEO and founder of American Auto Exchange. Strategic alliances with VB2, American Auto Exchange, Inc., Auction Broadcasting Company (ABC Auctions), SGS, Cross Country and Great American Insurance Group mean that lanelogic is uniquely positioned to gather the needed inventory intelligence to deliver the industry's first, live guaranteed bid network. For more information, please visit: http://www.lanelogic.com/ .

Learn more about lanelogic by watching a video presentation: http://www.lanelogic.com/demo