---

InvoiceDealers.com Introduces Dot-Com Retailers Into Its New-Car Marketplace

21 December 1999

InvoiceDealers.com Introduces Dot-Com Retailers Into Its New-Car Marketplace

    PALO ALTO, Calif., Dec. 21 -- InvoiceDealers.com, the only
new car buying service to provide instant bids from multiple dealers,
announced the introduction of online (dot-com) retailers to its new-car
marketplace ( http://www.invoicedealers.com ). Both traditional dealers and
Web-based retailers can now offer real time price quotes to compete
side-by-side for consumers' business.
    The company recently added its first online retailer. This retailer has
beenthoroughly integrated into the InvoiceDealers.com market engine,
increasing the number of instant quotes available to car shoppers visiting the
site. "We're proud to be working with a clear leader in the online retailing
space," said Jon Christensen, Chief Executive Officer of InvoiceDealers.com.
"They are confident their instant bids will be compelling enough to earn them
a large amount of business through InvoiceDealers.com. We share their
enthusiasm and are excited to be representing them."
    InvoiceDealers.com currently represents over 1,000 traditional automotive
retailers and is growing by dozens of dealerships per day. The company has
built the first real time open market for new car sales, matching highly
motivated buyers to dealers actively looking to sell the chosen vehicle. The
openly competitive InvoiceDealers.com reverse auction system is designed to
adapt to the ever-changing retail demands of the Internet economy. "No one
knows exactly how new cars will be sold in five years," said Christensen.
"The beauty of this system is that it doesn't matter. Ultimately, the consumer
just wants a fast choice between the best offers out there, from either online
or brick-and-mortar dealers. Our mission is to provide the best selection,
regardless of which retailers end up on top."

    About InvoiceDealers.com:
    InvoiceDealers.com is the only new car buying service to provide instant
bids from multiple dealers. The site's open-bidding process presents car
shoppers with multiple retail offers online in real time, allowing them to
select a retailer's price and location before making contact. This creates a
highly efficient market, ensuring an easy, equal experience for all shoppers
and generating high quality referrals to member retailers. Founded in 1998 in
Palo Alto, CA, InvoiceDealers.com is growing rapidly as consumers and auto
retailers recognize the benefits of its revolutionary approach.
    InvoiceDealers.com can be contacted through Eli Kuo, 650-323-1390,
ext. 154, or edk@invoicedealers.com. The InvoiceDealers.com Web site is
located at http://www.invoicedealers.com .