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Autobex and iSalvage Announce Web Marketing Agreement; Automotive e-Commerce Companies Join Forces to Broaden Product Offerings

23 October 2000

Autobex and iSalvage Announce Web Marketing Agreement; Automotive e-Commerce Companies Join Forces to Broaden Product Offerings

    FORT LAUDERDALE, Fla.--Oct. 23, 2000--Autobex.com today announced that it has signed a web marketing agreement with iSalvage, an Internet-based procurement network connecting suppliers and buyers of recycled and remanufactured parts. Under the agreement, Autobex and iSalvage will promote each other's procurement solutions and provide connections to their respective websites.
    "iSalvage offers our buyers a trusted source of recycled and remanufactured automotive parts," said Mike Burton, General Manager of AutobexPowerBuys.com. "We see the iSalvage partnership as a key part of our strategy to deliver special deals, bargains and power buys on automotive related supplies and parts to businesses in the automotive retail and service industries."

About Autobex

    Autobex.com, Inc. is the leader in supply chain e-commerce solutions for the automotive industry. Providing e-Content Engineering, e-Market Construction and e-Market Operations services, Autobex enables automotive industry suppliers, retailers, service centers and fleet operators to rapidly leverage the power of electronic commerce to improve both productivity and profitability. Ft. Lauderdale-based Autobex.com, Inc. operates two e-Marketplaces serving the automotive industry including www.autobex.com and www.autobexpowerbuys.com. Autobex investors include Draper Atlantic, the east coast affiliate of Silicon Valley's Draper Fisher Jurvetson. Contact Autobex at 954/578-8044 or by sending an e-mail to requestinfo@autobex.com.

About iSalvage

    iSalvage is an Internet-based procurement network for recycled and remanufactured parts initially focusing on the automotive market. Insurance companies, mechanical and collision repair facilities can search iSalvage's nationwide database of recycled parts online, by phone, and by fax. Headquartered in New York City, iSalvage was founded in 1999. For more information visit http://www.isalvage.com or call 877/645-PART.