eParts Exchange Appoints Director of Marketing
24 May 2000
eParts Exchange Appoints Director of MarketingDES PLAINES, Ill., May 24 eParts Exchange, Inc. (EPX), 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 Thomas Scanio as Director of Marketing. Mr. Scanio has nineteen years of purchasing experience, with over twelve years experience in the automotive aftermarket. He most recently was the Director of Purchasing at G.M.G. Partners/Tri-State Automotive, one of the largest warehouse distributors in Chicago. While at G.M.G. Partners/Tri-State Automotive, Mr. Scanio helped the company double the size of their business. At the same time, he played a significant role in improving efficiency and operating systems within the organization. Mr. Scanio brings his considerable automotive aftermarket skills and experience to eParts Exchange (EPX) and will be a key player in establishing EPX as the Internet marketplace for the automotive parts business. "Tom has the ideal skill set to integrate traditional automotive aftermarket business with the new tools and opportunities of the Internet," said EPX's Senior Vice President Don McEntee. "He will be responsible for the content in our eCommerce Marketplace." 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 an online marketplace for worldwide buyers and sellers of automotive aftermarket parts. The company's focus is on Commodity items, High Volume parts categories and Surplus inventories. eParts Exchange was founded in 1999 and is headquartered in Des Plaines, 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.