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YapStone Appoints Tim Walker And Jared Rowe

25 May 2000

YapStone Appoints Tim Walker as Vice President of Strategic Development And Jared Rowe as Director of Business Development

       Executives to Head Internet's Novel Automotive Payment Solution

    MINNETONKA, Minn., May 24 YapStone, Inc.,
(http://www.yapstone.com), a new online, easy-to-use credit card payment service for
the rental and automotive market, announced today that Timothy Walker and
Jared Rowe have joined YapStone to further develop the automotive end of its
turnkey payment solutions.
    As former director of strategic market development and vice president of
strategic development for Autobytel.com, Walker excelled in developing and
launching wholesale and consumer business models.  Walker has also served in
key managerial positions for both The Nissan Motor Corporation and The Ford
Motor Company.
    Similarly, Rowe was responsible for developing strategic business
relationships as former Manager of Strategic Development at Autobytel.com.
Rowe also served as a key representative for Toyota Motors as a Field
Representative -- having direct contact with dealers, field operation managers
and district sales managers.
    "I am extremely pleased to have Tim come on board as the vice president of
strategic development.  Tim's in-depth understanding of the internet business
community, as well as his significant background in finance and business
development will enable him to successfully bring our multiple markets,
including property rental, auto as well as other vertical markets to
maturity," said Kirk Honour, president and founder of YapStone.  "I am also
very excited about the addition of Jared Rowe as our director of business
development.  Jared brings years of experience in the auto sector to bear on
our auto market.  Jared's knowledge covers both the auto industry and the
internet having served as manager of business development at Autobytel with
prior experience at both Nissan and Toyota."
    Walker will be actively involved with developing and initiating strategic
development for core products, including automotive, property rental and
government business operations for YapStone.com.  Rowe will develop strategic
business relationships while directing turnkey business solutions for
YapStone's automotive unit.
    "I look forward to implementing YapStone's unique payment solution for the
Internet automotive marketspace," said Walker.  "YapStone's payment solution
will enable individuals to conduct transactions via the Internet and will
provide them with creative new resources."
    Both Walker and Rowe will assume their positions at YapStone effective
immediately.
    Walker received his M.B.A. from Rutgers University School of Business.
Rowe attended Northwood University, graduating with a degree in Business
Management/Automotive Marketing.