lanelogic Expands Automotive Trading Network

DALLAS--lanelogic, Inc., the Wall Street inspired used vehicle trading network for franchised dealers, announces its entry into Colorado. lanelogic’s proprietary dealer-to-dealer electronic trade floor launched on October 16, 2007 in Denver.

“This expansion is an important step towards reaching our goal of establishing a nationwide trading network,” said Jim O’Brien, lanelogic president. “We continue to see robust new dealer growth in our existing markets and unprecedented demand for services in the Western states.”

lanelogic is active in 33 states with a dealer network comprised of hundreds of dealerships in the Northeast, Southeast, Midwest, and Central regions. The Colorado launch follows record breaking months for lanelogic and a $35 million credit facility with HBK, L. P., Cain Capital, L.L.C. and Dealer Services Corporation.

“We will double our dealer network in the next six to eight months,” said O’Brien. “The company is solidly profitable and has proven the business model while only serving a small number of the national franchise dealer population. On this sound footing, we are ready to expand to the important west coast car markets including Denver, Las Vegas, Phoenix, Los Angeles, San Diego, Seattle and Portland.”

For more information about the Colorado expansion or about becoming part of the lanelogic network, contact Melissa Maxey, lanelogic marketing and sales director at mmaxey@lanelogic.com.

ABOUT LANELOGIC

lanelogic, Inc. is the nation’s exclusive online used vehicle market-maker. Launched in November 2005, the Dallas based privately held company is the premier wholesale/retail used vehicle inventory management solution for franchised dealers – both buying and selling. lanelogic offers participating dealers Puts, exclusive 45-Day Buyback Guarantee, instant Buy bids and intelligent inventory procurement. lanelogic’s investment team is comprised of Cain Capital, L.L.C., Dallas, Copart, Inc., Fairfield, Calif., HBK Investments L.P., Dallas/Hong Kong/London and Bruce Thompson, CEO/founder. Strategic alliances include American Auto Exchange, Inc., Dealer Services Corporation, The Great American Insurance Group, JMN Logistics and SGS Automotive Services. Learn more at www.lanelogic.com.