ATC Open Awarded the Chase Cup Internet Auction of the Year Award

LAS VEGAS--ATC-Onlane, the largest online auction company in North America for automotive dealers to purchase and sell wholesale vehicles, today announced it has been awarded the 2007 Chase Cup Internet Auction of the Year Award by Chase Auto Finance. Honored for its ATC Open online auction and continued excellence in customer service and technology leadership, ATC-Onlane will receive the award during a ceremony at the 2007 National Remarketing Conference in Las Vegas.

“ATC-Onlane’s innovative approach to auto auctions and its continued dedication to customer service excellence make it a worthy recipient of this award,” said Lynn Wolver, first vice president, national remarketing manager, Chase Auto Finance. “ATC-Onlane helped Chase refine our process and pricing models so we could sell more off-lease vehicles and save more money. Because of its unique position as an online auction, ATC-Onlane can share great insights about dealer behavior so we get the best return on our remarketing.”

The Internet Auction of the Year Award is part of the annual Chase Cup Awards. Each year, Chase recognizes exceptional performance and customer service from leaders in the automotive auction community.

“We are proud of our long-standing relationship with Chase Auto Finance, which has continued to grow every year as we remarket more of their vehicle portfolio,” said Clive Kinross, executive vice president, ATC-Onlane. “Receiving this award is a great honor, and serves as confirmation that our efforts at ATC-Onlane are focused appropriately to meet and exceed our customer’s needs.”

About Chase

Chase Auto Finance, together with its bank affiliates, is the largest bank automotive financer in the U.S. It serves more than 15,000 auto dealers across the country. Parent company JPMorgan Chase & Co is a leading global financial services firm with assets of $1.5 trillion and operations in more than 50 countries. Information about the firm is available at www.jpmorganchase.com.

About ATC-Onlane

ATC-Onlane, Inc. is the leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles. The company offers proven, end-to-end auto remarketing solutions to auto manufacturers, captive finance companies, lease and daily rental companies, financial institutions and wholesale auto auctions throughout the United States and Canada. Since 1999, ATC-Onlane’s products and services have enabled customers to reduce cycle times, costs, and achieve greater profitability. For more information, please visit www.atc-onlane.com or call +1 (866) 969-0321.