Tim Zetterholm to Lead ChannelNet's Detroit Automotive Team

DETROIT--July 13, 2006--ChannelNet, builders of multichannel marketplaces, announced today the promotion of Tim Zetterholm to Senior Vice President, Automotive Practice. Zetterholm will oversee ChannelNet's growing Detroit based automotive business, currently comprising over 6000 websites and intranets for Ford and GM, as well as ChannelNet's E-Retail Advantage program -- the company's rapidly expanding direct-to-dealer product and service offering.

"Tim is an executive, and leader whose wealth of experience in the upper levels of the automotive industry make him a perfect fit for this position at ChannelNet," said Paula Tompkins, Founder and CEO of ChannelNet. "He's been phenomenal with the GM account, and we're very excited to see him head up all of our automotive efforts." Under Tim's leadership the GM account has grown to encompass hundreds of Web sites, which are part of GM's corporate wide Socrates Intranet Operating in 22 countries.

Zetterholm began his career in the early 1980's designing software for the automotive industry and has since worked his way into the industry's highest levels -- building a specialty in the application of computer technology to automotive sales and logistics. In his previous position at ChannelNet, Zetterholm was responsible for sales to GM, where he grew the size of that account exponentially over 2 years. Prior to ChannelNet, Zetterholm served as a Partner at Ernst and Young for 10 years where he consulted to the automotive industry on technology issues. After E&Y sold its technology consulting business, Tim served as a Senior Vice President at Cap Gemini.

"The way people buy cars is changing. With most people going online before ever visiting a dealer, the Web channel is fast becoming the most important automotive marketing tool," said Zetterholm. "I believe ChannelNet's combination of products, service and experience makes us the ideal choice for dealers and manufactures looking to adapt to the changing marketplace."

About ChannelNet

For 21 years ChannelNet has been a market leader in utilizing computer technology to market and sell automobiles. Headquartered in Mill Valley, California ChannelNet was an early innovator and brought Ford online -- building and launching the auto giant's first Web site -- and continues to provide over 5900 Websites for Ford dealerships across the U.S. For more information on the company's broad range of solutions go to www.channelnet.com.