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TireDex.com Total Inventory Listing Tops $20 Million

18 May 2000

TireDex.com Total Inventory Listing Tops $20 Million

    NEWPORT BEACH, Calif., May 18 TireDex.com, the leading
global electronic marketplace specific to the tire and wheel industry, today
announced that its combined tire and wheel inventory has exceeded $20 million.
    $19.8 million in tire inventory and $2.2 million in wheel inventory is
currently listed on the TireDex.com exchange, an online marketplace launched
just six months ago to bring industry buyers and sellers together.
    "Total inventory is one of the indicators we use to evaluate the strength
of our marketplace," said Terence Scheckter, TireDex.com CEO.  "$20 million in
total inventory clearly delineates us as the premier exchange in our industry,
and testifies to the broad acceptance of our market design by tire and wheel
dealers."
    Total inventory at TireDex has more than doubled since the end of
March 2000, at which point the exchange listed just $8.6 million in inventory.
The sharp rise in listings has coincided with the growth of the TireDex
trading community, which now includes more than 1,600 active trading members
across 64 countries.
    "Volume and selection are setting TireDex apart as the go-to destination
for tire and wheel dealers looking to trade inventory on the web," said Ron
Vines, TireDex.com Vice President of Marketing.  "As our inventory increases,
so will the number of excellent deals that our members are already finding at
TireDex."