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AutoCorp Announces Sales Figures

22 April 1998

AutoCorp Has Record Month

    PHOENIX, Ariz., April 22 -- AutoCorp Equities, Inc.
(OTC Bulletin Board: ACOR) announced today that the month of March recorded
all time highs in motor vehicle sales and vehicle loans by its six Lenders
Auto Resale Centers. The Company sold 190 vehicles and originated in excess of
$1,100,000 of mostly non-prime customer loans.
    AutoCorp also announced the hiring of Mark A. Shelley, 46, as its CFO. Mr.
Shelley is a Certified Public Accountant with vast public company and SEC
compliance experience having worked for several public and private companies
as CFO. In his CPA practice, Mr. Shelley conducted independent audit work for
public companies. Mr. Shelley is also a Business and Information Systems
Analyst with numerous international clients. A graduate of Brigham Young
University, Mr. Shelley is fluent in Spanish and is an Associate Member of the
Association of Fraud Examiners.
    AutoCorp has established itself as a pioneering leader in the sale and
financing of used motor vehicles to the non-prime market and presently
operates six used vehicle sales facilities in Arizona and New Mexico.  Future
expansion includes the opening of two lots in Tucson that the company owns.
AutoCorp also plans to expand Corporate operations the Company's operations
throughout the Southwestern United States.

SOURCE  AutoCorp Equities, Inc.