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Wrenchead Pro Systems Passes the $2 Billion Mark

2 October 2000

Wrenchead Pro Systems Passes the $2 Billion Mark

    WHITE PLAINS, N.Y., Oct. 2 Wrenchead Pro Systems, the
leading technology company, providing innovative e-commerce products and
services to the automotive aftermarket, announced today that it has secured
contracts with warehouse distributors with total revenue exceeding
$2.0 billion.
    Wrenchead Pro Systems is a suite of service offerings comprised of Pro
Lite, Pro Manager and Service Center Locator.  These offerings from Wrenchead
Pro Systems bring the nontraditional e-commerce network to the aftermarket's
current distribution channels.
    The company has announced that its Wrenchead Pro Lite system is operating
and fully integrated with warehouse distributors accounting for more than
500 distribution points today.  "Significant roll out of the service dealer
parts look up and ordering system has begun in ten states.  That process is
being streamlined because Wrenchead Pro Systems is compatible with almost all
of the most popular systems currently utilized by jobbers and warehouse
distributors today," said Wrenchead Pro Systems President Chris Parker.
    Contracts with numerous suppliers including members of Parts Plus, Auto
Value, Bumper to Bumper, Pronto, Federated plus several independent warehouse
distributors are already in place.  Wrenchead Pro will benefit those
businesses by reducing costs through eliminating manual orders and minimizing
returns, improving cash flow and generating additional revenue by providing
analytical tools that will enable the wholesaler/jobber to maximize inventory
turns, improve fill rates and speed of delivery.
    "Based on our preliminary results, Wrenchead Pro Lite is already proving
its value by streamlining the entire process," said Parker.  "Our customers
tell us that as their comfort level with this new technology increases, these
systems will improve their profitability."
    "Wrenchead Pro is an industrial strength, e-commerce-enabled software
product designed for the aftermarket industry," according to Parker.  "Through
technology, we are adding value to the current supply chain, not reinventing
it.  In effect, we are increasing profitability for all parties by using this
technology to link installers with suppliers more efficiently.  We will become
the operating system of the aftermarket."
    A free business-solution software program for installers, Wrenchead Pro
Lite links those individuals to their current suppliers, permitting installers
to access needed parts and check pricing and availability.
    Wrenchead Pro Manager is a turnkey shop management solution that is
offered at a small monthly fee to installers.  Developed with all the features
of Pro Lite, Pro Manager also provides the installer with the ability to
manage inventory control, accounts receivable, appointment scheduling,
customer follow-up and warranty tracking, point-of-sale, technician time card
maintenance and vehicle history.  It also includes the Mitchell Labor Guide
for creating accurate job estimates.  Wrenchead Pro Manager is a streamlined,
integrated system that enables service technicians, service writers and shop
owners to be more productive while automating administration.
    Wrenchead Pro Lite and Pro Manager also help installers get onto the
"Information Superhighway" by offering them computer access through a
partnership with CompUSA, whereby installers can purchase or lease computers
at low monthly rates.  "It has always been our intent to become the industry's
standard e-commerce company," said Wrenchead.Com, Inc. Chief Operating Officer
Bryan Murphy.  "Our independent, holistic approach to the market is intended
to provide a diverse range of services and tools for the business-to-business
sector.  We intend to be at the cutting-edge in creating new, leading
technologies that will continue to serve this evolving market."