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Carstation.com to Acquire First Parts, Inc.

27 September 1999

Carstation.com to Acquire First Parts, Inc.

    SAN FRANCISCO, Sept. 27 -- Carstation.com, the e-commerce hub
for the automotive collision repair industry, today announced it has signed an
agreement to acquire First Parts, Inc., subject to normal closing conditions.
First Parts, Inc. is the leading provider of outsourced sales and marketing
services to Original Equipment Manufactured (OEM) parts dealers. The new
combination will deliver Internet-based procurement services between thousands
of OEM dealers and repair facilities.  The acquisition supports
Carstation.com's continued commitment to implement business solutions that
make the collision repair industry more efficient and cost-effective.
    Based in San Francisco, Carstation.com provides e-commerce solutions to
the collision repair industry. Carstation.com's suite of services and
applications enable businesses and consumers to transact, communicate, and
manage the entire automotive repair process via the Internet. Founded in 1998,
Carstation.com's investors and business partners include New Enterprise
Associates, Weiss Peck and Greer, LLP, Marsh and McClennan Capital and leading
automotive businesses.
    Founded in 1988, First Parts, Inc. specializes in increasing market share
for automobile dealerships and other companies selling in the repair industry.
The company has challenged the status quo throughout the automotive parts and
repair industry, and has led the way in creating increased market share for
automotive dealerships and suppliers throughout North America.