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Nettaxi Unveils Nettaxi AutoGuide; Partners with AutoFusion's CarPrices.com to Put Consumers Behind the Wheel!

23 August 1999

Nettaxi Unveils Nettaxi AutoGuide; Partners with AutoFusion's CarPrices.com to Put Consumers Behind the Wheel!

    CAMPBELL, Calif.--Aug. 23, 1999--Nettaxi, Inc. (Nasdaq OTC BB: NTXY), a community and portal Web site with more than 1.3 million unique visitors per month, today unveiled the Nettaxi AutoGuide, a comprehensive directory to assist consumers with the entire car purchasing process. Through its partnership with AutoFusion's CarPrices.com (www.carprices.com), the Nettaxi AutoGuide allows its citizens to browse and shop for new and used vehicles from the comfort of their home or office.
    The Nettaxi AutoGuide offers an extensive collection of automotive related content and purchasing information including resources to help its citizens buy or lease a car, obtain insurance and warranties and become a responsible car owner. New car reviews, insider tips, recalls and safety features provide Nettaxi citizens with a wealth of information to make a well-considered car purchasing or leasing decision. The Nettaxi AutoGuide offers numerous free services such as guaranteed price quotes and insurance comparison rates, in addition to chats and consumer testimonials. For used car shoppers, the Nettaxi AutoGuide features used car values, reliability rankings and title histories.
    "Traditionally consumers have been faced with numerous challenges and obstacles when buying a car, from haggling with the dealer to a lack of necessary purchasing information," said Robert Rositano, Jr., chief executive officer, Nettaxi. "The Nettaxi AutoGuide empowers its citizens to make the best and most informed car buying decisions by providing a comprehensive one-stop resource of current consumer information to put our citizens in the driver's seat."
    The Nettaxi AutoGuide is available at http://nettaxi.carprices.com.

    About AutoFusion

    AutoFusion is an Internet leader which envisions that consumers will ultimately drive the future of auto-related commerce. The Company's successful Web sites advocate car buyers and owners in all phases of purchasing and ownership. Because AutoFusion does not represent a proprietary dealer network, it is uniquely positioned to be the consumer's ultimate resource, rather than a marketing funnel for an amalgam of car dealers. AutoFusion's flagship consumer Web site, CarPrices.com (http://www.carprices.com), is one of the most popular Web sites on the Internet today, reaching more than 600,000 serious car buyers per month.

    About Nettaxi, Inc.

    Nettaxi, Inc., with headquarters in Campbell, Calif., is a developer of commerce-enabled and content-rich communities which offer its citizens a place to build a `home" on the Internet. Through its Web site at www.nettaxi.com and its interactive CD-ROM product "Nettaxi: The Experience," Nettaxi provides its "citizen" members with a powerful meta-web search engine, access to news, entertainment, sports, financial and travel information and services such as free e-mail, personal home pages, chat and messages. In addition, Nettaxi now offers the Nettaxi Mall, with thousands of products to choose from to enhance its citizens online shopping experience.

    Safe Harbor Statement

    Investors should carefully consider the preceding information as well as other information contained in this press release before making an investment in the Common Stock. Information contained in this press release contains "forward-looking statements" which can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "should," or "anticipates" or the negative thereof or given that the future results covered by the forward-looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.