AutoTradeCenter.Com, Inc. Maintains Company's Fundamentals Remain Strong

31 July 1999

AutoTradeCenter.Com, Inc. Maintains Company's Fundamentals Remain Strong

    SCOTTSDALE, Ariz.--AutoTradeCenter.com (OTCBB: AUTCE) announced today that its fundamental business activities remain strong and management is encouraged by the continued progress being made towards the company's goals.

    The Company knows of no specific reasons for the recent share price declines other than concern about the status of the NASD BB listing. As a result of regulatory changes made earlier this year, the company is required to be a reporting issuer by August 3, 1999, in order that its stock may continue to be quoted on the NASD BB system. Accordingly, the company filed a registration statement with the SEC on May 17, 1999. Once the registration becomes effective, the company will become a reporting issuer and will, it believes, meet the requirements to be traded on the NASD BB system.

    The company has been advised that if it does not meet the new requirement by August 2, 1999, its shares will no longer be eligible for quotation on the NASD BB system. In this event, the company will continue its efforts to become, as quickly as possible, a reporting issuer and re-qualify for listing on the NASD BB system. In the interim, NASD market makers have indicated to the company that they will continue to trade the stock on the pink sheets.

    The board of directors and management want all shareholders to know that AutoTradeCenter.com, Inc. remains a strong, viable company with a sound and executable business plan, and that every effort will be made to continue to add shareholder value.

    Investors are encouraged to view updates on the company's web site at www.autotradecenter.com/corpwebsite/pressrelease.html.
    AutoTradeCenter.com is a leading Internet-based "business-to-business" automotive wholesale and re-marketing company. On its web site, www.autotradecenter.com, the company markets its service to its national dealer base, to automotive lease and rental companies, and to banks and financial institutions across the U.S. who can use the site's many features for more efficient buying, selling and trading. The site also is designed to provide large dealership groups a virtual private network internal inventory service through controlled security access.

    For more information on AutoTradeCenter.com, Inc., please visit www.AutoTradeCenter.com.