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Reynolds and Reynolds and GM Continue Alliance Negotiations

2 October 2000

Reynolds and Reynolds and General Motors Continue Alliance Negotiations

    DAYTON, Ohio--Oct. 2, 2000--The Reynolds and Reynolds Company stated today that it is continuing negotiations with General Motors toward a definitive agreement whereby Reynolds would become GM's exclusive provider for dealer e-business technology.
    The two companies announced that they had signed a Memorandum of Understanding on May 16, 2000.
    David R. Holmes, chairman and CEO said, "Reynolds and Reynolds is striving to build an alliance that will create shareholder value and achieve a seamless retailing experience for consumers and efficiencies for GM and its dealers."