Parts.com Signs 8 New Platinum and 7 New Gold Agreements
9 February 2000
Parts.com Signs 8 New Platinum and 7 New Gold Agreements, Including Bobby Rahal Dealership; Additional Hendrick Dealership Also Added to Parts.com Exchange
SANFORD, Fla.--Feb. 9, 2000--parts.com, Inc. (formerly Miracom Corporation) (OTC BB: MIRME), a leading real time business-to-business e-commerce parts exchange, today announced that it has signed 8 new Platinum Territory Agreements and 7 new Gold Territory Agreements with 13 new suppliers, including Bobby Rahal Honda and an additional Hendrick Automotive Group dealership (Superior Volvo) .The agreements cover a range of vehicle lines, including Chevrolet, Dodge, Ford, Honda, Lexus, Lincoln-Mercury, Nissan, Toyota, and Volvo. The new suppliers announced today collectively reported over $55 million in auto parts sales in 1999, of which a small but rapidly growing proportion are expected to be transacted on the parts.com exchange in 2000 and beyond.
"We continue to add dealerships to the parts.com exchange, which demonstrates the industry's growing acceptance of parts.com," said Shawn Lucas, President and Co-Chief Executive Officer of parts.com. "In addition, our present dealership base consistently provides feedback on orders received, shipping and other issues which are being updated daily, thereby enhancing the buyers' and sellers' experience on the parts.com exchange."
Mr. Lucas continued: "We are in discussions with several globally-positioned companies in order to develop strategic alliances and accelerate the expansion of the parts.com exchange. We have a tremendous advantage with the early roll-out of the parts.com exchange which eliminates many inefficiencies and enhances the efficiencies in the automotive parts supply chain. With Internet-related businesses, speed to market, rapid expansion and customer service prevail."
parts.com's patent-pending business model calls for 170 Platinum Suppliers, approximately 7,000 Gold Suppliers and up to 14,000 Silver Suppliers to build the infrastructure needed for "just-in-time" auto parts. This platform is expected to enable the parts.com parts exchange to deliver parts within hours and even minutes of order placement.
Included in today's announcement are the following dealerships:
Dealer Location Vehicle
Line(s)
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Bay Chevrolet Norfolk, VA Chevrolet
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Bobby Rahal Honda Mechanicsburg, PA Honda
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Don Herring Mitsubishi North Dallas, TX Mitsubishi
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Frank Z Chevrolet Dayton, OH Chevrolet,
Pontiac
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Infiniti of Orlando Orlando, FL Infiniti
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Lipton Toyota Ft. Lauderdale, FL Toyota
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Mechanicsville Dodge Mechanicsville, VA Dodge
(Richmond)
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San Leandro Honda San Leandro, CA Honda
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Superior Volvo
(Hendrick Automotive Group) Kansas City, MO Volvo
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Tom's Ford Keyport, NJ Ford
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Tom's Lincoln Mercury Keyport, NJ Lincoln-
Mercury
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Urban Nissan Duncanville, TX Nissan
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Wilkie Lexus Philadelphia, PA Lexus
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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 participants throughout the supply chain, 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 more quickly and cost effectively than through traditional distribution channels. 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 Miracom Corporation 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 Miracom's expectations include the operational performance of Parts.com, the Company's success in entering into strategic alliances, Parts.com's and ReallyKnow.com's operational and financial performance, industry conditions, demand for its products as well as other risks.)