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UautoBid's Net Showroom Allows Auto Dealers to Instantly Close Retail Sales

16 February 2000

UautoBid's Net Showroom(TM) Allows Auto Dealers to Instantly Close Retail Sales Through Their Web Site

    UNIONDALE, N.Y., Feb. 16 -- Auto dealers can run their own
web site auction by using UautoBid's Net Showroom(TM).  Net Showroom(TM) is a
Web based e-commerce application that offers a Dutch Auction and "Make A
Bid(TM)" vehicle sales component allowing automotive dealers to increase their
Web site traffic and execute instant online Internet sales.
    By using Net Showroom(TM) a dealer can accept bids for a vehicle in stock
and instantly notify the buyer if the bid is accepted.  To secure the
transaction the buyer makes an online deposit with all processing managed by
http://www.UAUTOBID.com.  All the auto dealer needs to do is add Net
Showroom(TM) to their web site.
    "We have always believed that auto dealers are in the best position to
control vehicle sales through the Web," said Michael G. Gannon, president and
CEO of UautoBid.com.
    According to the National Auto Dealers Association, nearly 75% of dealers,
16,800 out of 22,400, have a Web presence, up from 61% in 1998, and the number
is expected to exceed 90% by 2001.  However, the quality and functionality of
dealer Web sites varies dramatically and few, if any, provide the ability to
purchase the car online.
    "We provide the dealers with a front end sales module for their Web site
and take care of the backend credit card processing.  We let the dealers do
what they do best and we take care of the rest," said Gannon.
    UAUTOBID.com offers car buyers a unique, direct Web model that allows a
consumer to purchase dealer inventory online, without the haggle.
    UautoBid.com, Inc., is a unit of Interstate National Dealer Services,
Inc., http://www.inds.com - who for the third consecutive year
has been selected by Forbes Magazine as one of the 200 Best Small Companies in
America.  Interstate National Dealer Services is a $60 million company that is
one of the nation's leading vehicle warranty and service contract firms. For
more information, visit http://www.UAUTOBID.com.