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AutoMall Online Names Don Lee as Chief Financial Officer

17 February 2000

AutoMall Online Names Don Lee as Chief Financial Officer

    SPRINGFIELD, Va., Feb 17 -- AutoMall Online President Gene
Hickman announced the appointment of Donald W. Lee as its new Chief Financial
Officer (CFO).  Hickman said, "Don brings decades of experience from
Washington, DC's financial community that completes our executive team at
AutoMall Online."
    Until 1989, Mr. Lee was affiliated with First American Metro Corporation,
a bank holding company that operated 270 branches and held $7 billion in
assets before being acquired by First Union National Bank.  At First American,
Lee served as Executive Vice President, Chief Financial Officer and Chief
Administration Officer.  Lee also previously owned a commercial/retail office
products firm that was later sold to Corporate Express of Denver, Colorado.
    AutoMall Online is a revolutionary e-commerce service that allows Internet
users to find online price quotes from over 19,000 new-car dealers across the
nation on 6,000 makes and models.  Unlike any of its competitors, AutoMall
Online gives car buyers what they desire most: instant price validation from
competing dealers that leads to a streamlined transaction at a local
dealership.  As an added draw for Internet users, all auto center members
would be enrolled in AutoMall Online's new sales promotion in which a one-year
lease on a Pontiac Sunbird is given away each week
    AutoMall Online's patent pending business model also combines the
information-gathering power of the Internet with the convenience of a
traditional storefront.  Currently, AutoMall Online operates three retail
locations in the Washington area (at Fair Oaks Mall, Springfield Mall, and
Dulles Town Center).  AutoMall Online also offers consumers the convenience of
one-stop shopping either online or at its retail locations through
partnerships with some of the nation's leading automotive product and
marketing companies, including Progressive Insurance, Enterprise Rental Car,
the Automobile Protection Corporation (a subsidiary of Ford Motor Company),
Household Bank, Bank of America, CMSI, and Lending Tree.
    More information on why AutoMall Online is "The Smartest Way to Buy a Car"
can be found at http://www.AutoMallOnline.com.