eParts eXchange appoints SENIOR Vice President
22 March 2000
eParts eXchange appoints SENIOR Vice PresidentALSIP, Ill., March 22 eParts eXchange ( http://www.goepx.com ), an emerging B2B global online marketplace for automotive aftermarket parts that will service the $400 billion global automotive aftermarket, announced today that it has named Donald W. McEntee as Senior Vice President. Mr. McEntee previously served as Vice President of Marketing for Universal Brake Parts, a subsidiary of Universal Automotive Industries, Inc., which is also the parent corporation of eParts eXchange. Before joining Universal, the twenty-one year industry veteran served as Vice President of Sales and Marketing for Ampere Automotive Corporation. During his tenure, he was instrumental in significantly growing that company's business and establishing the name as an industry recognized brand. Prior roles for this Northwood University graduate included assignments with Fortune 100 companies such as TRW, Inc. and Varity, Inc. In this new position, Mr. McEntee will be responsible for organizing and directing the start-up activities of this new division. "A successful transition from bricks to clicks requires a sound business model and industry experienced professionals," said Universal's President & CEO Arvin Scott. "Don has over twenty years of exceptional sales, marketing and general management experience in the automotive aftermarket. He has a proven track record of building new sales and marketing teams in both the aftermarket and OE Service markets, and has played major roles in guiding change through out an organization. His background and extensive experience in the automotive aftermarket will prove invaluable in launching this new company." About eParts eXchange ( http://www.goepx.com ) eParts Exchange, Inc., a subsidiary of Universal Automotive Industries, Inc., is a B2B e-Commerce company that provides a dynamic online trading center for worldwide buyers and sellers of automotive aftermarket parts. The company's focus is on the Commodity, Surplus and International Trade segment of this market. eParts eXchange was founded in 1999 and is headquartered in Alsip, IL. About Universal Automotive Industries ( http://www.uaiinc.com ) Universal Automotive Industries, Inc. is headquartered in Alsip, Illinois and specializes in the distribution and manufacture of brake parts under its trade names "UBP - Universal Brake Parts" and "Ultimate Rotors and Friction." This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by safe harbors created hereby. Such forward-looking statements involve known and unknown risks, uncertainties (including those risk factors referenced in the Company's filings with the Securities and Exchange Commission), and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance, or achievements of the Company expressed or implied by such forward-looking statements.