Classic Car Source Renamed MotorWRX
3 May 2000
Classic Car Source Renamed MotorWRX: Change Emphasizes Portal Strategy, Numbers Show Steady Growth, AGM Announced
BELLINGHAM, Wash., May 3 EWRX Internet Systems Inc.
(OTC Bulletin Board: EWRX) ( http://www.ewrx.com ) announced it has renamed
its wholly-owned subsidiary, Classic Car Source Inc., to MotorWRX Inc. The
change better represents EWRX's progress in building a comprehensive vertical
Internet portal for the $24 billion specialty automotive aftermarket.
EWRX also announced visitors, page views and advertising numbers for its
current e-Communities has grown at a compounded monthly average rate of
21 percent since January 2000. Advertising "click-through" rates -- a measure
of how effective Web-based advertising is -- remained over two percent, twice
as effective as industry averages.
"We built and own the largest classic car and classic truck e-Communities
on the Net," said Dan Jondron, MotorWRX President, "but that is only part of
our story. We're rolling out high-value e-Business services to all our
e-Communities. The MotorWRX.com portal will reach across the entire specialty
automotive aftermarket," Jondron said.
The MotorWRX.com portal road map includes ClassicCar.com, TruckWRX.com,
SpeedWRX.com and Motorhood.com. New e-Business services include BigBadCatalog
(see April 19th release) to debut June 15th, and MotorWRX Mall slated for
May 12th. SpeedWRX.com, the definitive online racing information source (see
March 16th release) launches May 18th.
To better address the MotorWRX.com portal audience, ClassicTruckShop.com
is expanding into TruckWRX.com, adding coverage of all truck market segments.
Ted Welch, with over 20 years experience covering the automotive industry,
author of ClassicCar.com's "Ted's Garage" column and editor of
ClassicTruckShop.com since 1995, will head TruckWRX.com.
EWRX will hold its annual general meeting June 14th, in Vancouver,
British Columbia.
ABOUT EWRX (pronounced e-works)
EWRX Internet Systems Inc. builds e-Community and e-Business Web sites in
the $24 billion specialty automotive aftermarket. EWRX is building
MotorWRX.com, a comprehensive B2B2C vertical Internet portal to unify this
market. EWRX owns the largest classic car and classic truck communities on the
Internet, and is a major presence where the automotive market meets the Net.
Through its subsidiary, North Fork WebWRX Inc., the leading Web site
developer in the specialty automotive aftermarket, EWRX provides high-end Web
site design, Internet database software and services, custom e-business
solutions, and Internet marketing consulting.
EWRX Family of Web Sites:
-- EWRX -- http://www.ewrx.com
-- North Fork WebwWRX -- http://www.nfwebwrx.com
-- SpeedWRX -- http://www.speedwrx.com
-- ClassicCar -- http://www.classiccar.com
-- Classic Truck Shop -- http://www.classictruckshop.com
-- Motorhood -- http://www.motorhood.com
-- MotorWRX.com -- http://www.motorwrx.com
Contacts:
Grant Farkes and Peter Holt, Investor Relations, EWRX
604-669-6079, fax -- 604-669-6042, grant@ewrx.com or peter@ewrx.com
Barry Bowen, Public Relations, EWRX
barry@ewrx.com, 360-738-7018, fax -- 360-738-4815
The statements contained in this release that are not historical facts,
are forward-looking statements under the federal securities law. These
forward-looking statements are no guarantee of future performance, and involve
certain risks, uncertainties and presumptions that are difficult to predict.
Actual outcomes and results may differ materially from what is expressed or
implied by such forward-looking statements. EWRX Internet Systems Inc. takes
no obligation to update publicly any forward-looking statements, whether as
the result of new information, future events or otherwise. Among the important
factors that could cause EWRX Internet Systems' actual results to differ
materially from those expressed in, or implied by the forward-looking
statements, are changes in general economic conditions and increased or
unexpected competition. This release is not an offer of securities for sale in
the United States; securities may not be offered or sold in the United States
without registration or an exemption from registration.