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Reynolds and Reynolds Renews MSN CarPoint Contract With Microsoft

22 September 1999

Reynolds and Reynolds Renews MSN CarPoint Contract With Microsoft

    DAYTON, Ohio--Sept. 22, 1999--The Reynolds and Reynolds Company announced today it has renewed its contract with Microsoft Corp. to be the exclusive provider of the MSN CarPoint(TM) New Car Buying Service. CarPoint is the number one car-buying site on the Internet, according to Media Matrix, the leading measurement service for Internet audience usage.
    Under the new car buying service agreement, Microsoft will rely on Reynolds as its strategic CarPoint partner for retailer-related activities, including sales, support, and training design and delivery.
    "Through our relationship with Reynolds and Reynolds, CarPoint has built a successful channel with more than 3,500 participating dealers," said Lindsay Sparks, CEO of MSN CarPoint. "Reynolds will continue to work with CarPoint to deliver on the vision of providing consumers with a better car-buying experience."
    Buzz Waterhouse, president and Chief Operating Officer of Reynolds said, "We're proud to be a strategic partner with Microsoft for CarPoint, a site that generates 140,000 sales leads, and over $600 million of automotive product revenues each month. We see tremendous opportunities going forward."
    Waterhouse noted that CarPoint is a key dimension of the company's growing portfolio of e-business solutions.
    Reynolds and Reynolds, headquartered in Dayton, Ohio, is a leading provider of integrated information management systems and related value-added services to automotive and general business markets. The company reported revenues of $1.53 billion for the 12 months ended June 30, 1999. For more information on Reynolds and Reynolds, visit www.reyrey.com, or call The Reynolds and Reynolds Information Hotline at 1-888-4REYREY.