parts.com on Track to Become a Fully Reporting Company
1 February 2000
parts.com on Track to Become a Fully Reporting CompanySANFORD, Fla., Feb. 1 -- parts.com, Inc. (formerly Miracom Corporation) (OTC Bulletin Board: MIRM), announced today that the Company is in the normal course of development with the current SEC review process of becoming a fully reporting company. The routine progression includes the current filing of the Company's amended Form 10-SB which was filed on January 28, 2000 with the SEC. The Form 10-SB was amended to include responses to SEC comments. The Company anticipates the continuance of the current process and expects to meet its responsibilities to come into full compliance. parts.com is the first and one of the leading real time business-to-business e-commerce parts exchanges. "We have been informed by the NASD listing and requirements division that beginning on Wednesday, February 2, 2000, our ticker symbol will change to 'MIRME' which indicates 30 days remaining in the process to become fully reporting. Upon successful clearing of comments with the SEC, the "E" will be removed from our ticker symbol. As mentioned in our previous press release, we filed responses to the SEC's comments and are very confident that we will become a fully reporting company on or before March 1, 2000," stated Shawn Lucas, President and Co-CEO. About parts.com Parts.com provides a business-to-business e-commerce solution for the $600 billion auto parts industry. The site creates value for all users, including manufacturers, distributors and parts buyers, as a result of its unique, direct business model which eliminates a number of inefficient links in the supply chain inherent in the auto parts business. parts.com's technology and logistics plan enables parts suppliers to deliver their product to their destinations faster and cheaper. The Company believes that no other e-commerce platform is able to provide this type of prompt execution, particularly at less cost to the parties involved. parts.com was officially launched on January 23, 2000 at the National Automobile Dealers Association's (NADA) annual conference in Orlando, Fla. (This news release includes statements that may constitute forward-looking statements pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Although parts.com believes the expectations reflected in such forward-looking statements are based on reasonable assumptions; it can give no assurance that its expectations will be met. Factors that could cause actual results to differ materially from parts.com's expectations include the operational performance of parts.com, the Company's success in entering into strategic alliances, parts.com's operational and financial performance, industry conditions, demand for its products as well as other risks.)