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iSalvage and iCARumba Announce Strategic Alliance

30 August 2000

iSalvage and iCARumba Announce Strategic Alliance

               Online Partnership Ensures Highest Quality Parts
                       To Match Highest Quality Service

    NEW YORK, Aug. 30 iSalvage, an Internet-based procurement
network connecting suppliers and buyers of recycled and remanufactured parts,
and iCARumba, the Web's leading auto services site, today announced a
strategic agreement to connect the best quality car care services site with
the highest quality auto parts site.
    Ken Brookings, CEO, iCARumba said, "iCARumba.com will be the best thing
ever to happen to automotive service providers.  We've developed this on-line
community to improve the profitability and quality of life of service
providers.  Now that the Internet has provided an enabling technology that can
make that dream a reality, we're delighted to partner with companies such as
iSalvage."
    The agreement gives iCARumba Member Shops a trusted source for recycled
and remanufactured automotive parts.  iSalvage opens the parts market for
iCARumba Member Shops, reducing the time for collision repair shops to
purchase and receive recycled and remanufactured parts.  In addition, iSalvage
manages the entire fulfillment process for its buyers and suppliers, including
customer service.
    "iCARumba's goal is to make car maintenance as simple and as convenient as
possible for both consumers and automotive service facilities by helping them
determine which shops will provide them with the best service," said Jeff
Stotland, CEO, iSalvage.  "Partnering with iSalvage is a logical step toward
achieving that goal.  iCARumba can trust iSalvage to provide shop owners with
high quality parts at the lowest prices and the quickest delivery."
    iSalvage officially launched its service in June 2000 after completing a
three-month pilot program on the East Coast.  Each of its partner salvage
yards have been pre-qualified to ensure that buyers will receive only the
highest quality parts from the most reliable suppliers.
    GartnerGroup recently selected iSalvage.com for its weekly Web site-ings
feature, which highlights online best practices.

    About iSalvage.com
    iSalvage is an Internet-based procurement network for recycled and
remanufactured parts initially focusing on the automotive market.
Headquartered in New York City, iSalvage was founded in 1999 and received its
second round of financing from Sentinel Capital Partners and divine
interVentures.  iSalvage is available to commercial auto buyers and suppliers
throughout the United States.  For more information visit
http://www.isalvage.com or call 877-645-PART.

    About iCARumba.com
    iCARumba is a Seattle, Washington-based corporation founded in 1999 to
serve the automotive service industry.  iCARumba's mission is to thoughtfully
apply the Internet and related technologies to reinvent, enhance, and
integrate the entire automotive services value chain.  iCARumba was founded
based on the belief that the automotive services value chain can be made
stronger by embracing the use of new technologies that will dramatically
enhance functionality.  As such, iCARumba.com has been designed to act as a
vital link between shops, their customers, and their suppliers.  iCARumba's
Web site is located at http://www.icarumba.com.