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AutoTradeCenter.com Enters Into A Vehicle Remarketing Agreement

29 February 2000

AutoTradeCenter.com Inc. Enters Into A Vehicle Remarketing Agreement with American Honda Finance Corp.

    SCOTTSDALE, Ariz.--Feb. 29, 2000--AutoTradeCenter.com Inc. Tuesday announced that it has entered into a vehicle remarketing agreement with American Honda Finance Corp. to develop and host their off-lease vehicle disposition Web site.
    The site will be designed to allow American Honda Finance Corp. to communicate available off-lease vehicle inventory exclusively to the franchised Honda and Acura dealer groups utilizing state-of-the-art technology, thereby increasing efficiencies for themselves and the automobile dealers.
    American Honda Finance Corp. intends to utilize the company's integrated system to remarket its annual lease portfolio consisting of 150,000 vehicles.
    American Honda Finance Corp. manager of Lease-end David Langley said, "We believe that applying innovative technologies to the inventory disposition process will benefit all parties involved.
    "We feel this new approach illustrates our commitment to provide the Honda and Acura dealer groups with the most efficient means to better balance their inventories and acquire needed inventory in a more effective manner."
    Company President Roger Butterwick added, "We are delighted to have the opportunity to provide our B2B e-commerce technologies to an industry leader such as American Honda Finance Corp. This vehicle remarketing agreement clearly illustrates their commitment to provide the Honda and Acura dealers with leading-edge technology."
    AutoTradeCenter.com is a leading Internet-based "business-to-business" automotive wholesale and remarketing company.
    On its web site the company markets its services to its national dealer base, to automotive lease and rental companies, and to banks and financial institutions across the U.S. who can use the site's many features for more efficient buying, selling and trading.