icarz, Inc. Announces Appointment of Chief Financial Officer

29 November 2000

icarz, Inc. Announces Appointment of Chief Financial Officer

    NEWTON, N.J.--Nov. 29, 2000--icarz, Inc., today announced the appointment of Mr. Jace Bender as Chief Financial Officer.
    Mr. Bender joins icarz from Wise Foods, a $300 MM company owned by Kohlberg, Kravis and Roberts (KKR), where he was Vice President of Finance and Strategy.
    icarz recently introduced PartsWatch, the most advanced business management system available in the $100 billion automotive aftermarket. PartsWatch is delivered by icarz as an ASP (Application Service Provider) over the Internet, or on a virtual private network. Jesse Hermann, founder and CEO of icarz, commented, "Our new PartsWatch product has received a tremendous response from the market. Sales of this product today, stand at six times our original projections for this year. We now expect to close this year at ten times our original projections. We recognize the need for a very strong senior management team to support our operations and our growth. Jace's deep experience with a large and complex organization owned by a sophisticated financial investor will be invaluable to us. We are thrilled to have him aboard."
    icarz, inc. is a leading technology supplier to the automotive aftermarket. The company has received financial funding from Midmark Capital, Colt Capital and J.H. Whitney to develop, deliver and support business management software, Internet solutions and information services for the automotive aftermarket. The icarz web portal, providing automotive aftermarket specific news, information and Internet links as well as general Internet portal services, can be found at www.icarz.com.