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At NetChemistry, Off-Lease Vehicles and Web Combine for Success

4 December 2000

At NetChemistry, Off-Lease Vehicles and Web Combine for Success

          NetChemistry Builds Tools for AutoTradeCenter.com to Reach
                     Honda/Acura Dealers on the Internet

    IRVINE, Calif., Dec. 4 NetChemistry, combining auto
procurement, complex financial transaction problems and the Web, today
announced that its Internet solution for AutoTradeCenter.com
(OTC Bulletin Board: AUTC) has helped drive the company into pole position.
In partnership with AutoTradeCenter.com, NetChemistry built the Honda Finance
Vehicle Inter-dealer Purchase System (VIPS) Web site, which launched in June
2000.  Since its launch, AutoTradeCenter.com has been honored with a "Best of
the Web: B2B" award from Forbes Magazine.
    The site, managing nearly all of American Honda Finance Corporation(R)
off-lease vehicle sales, has saved the company millions of dollars.  As a
result of the success of the VIPS system, other manufacturers, leasing
institutions and service companies will integrate the next-generation platform
in the coming months.
    According to Gartner Group analyst, Kurt Brenneman, "B2B exchanges such as
the HF VIPS Web site have changed the way that businesses look at procuring
products and communicating with counterparties.  Enterprises creating B2B
exchanges must evaluate potential vendors carefully, examining their technical
architecture, domain functionality and expertise within that domain."
    The benchmark in Internet solutions for the financial services sector,
NetChemistry built a complete vertical exchange to tie in data from Honda
internal legacy systems and other service organizations to create a
bullet-proof platform which allows approximately 1,000 franchised Honda/Acura
dealers nationwide to purchase off-lease vehicles via the Web.
    "We worked very closely with NetChemistry building the VIPS auto
procurement platform.  The challenge was to help Honda Finance remarket their
off-lease vehicles sooner in the disposition process.  To do this, we needed
to gain access to the Honda Finance vehicle portfolio and expose available
inventory to Honda dealers for purchase prior to shipment to auction.
NetChemistry's expertise in legacy-system integration and custom application
development enabled us to fully integrate Honda's existing systems for the
transfer and sale of vehicles, providing us with a solution that reaches our
goal," stated Mark Jensen, CTO, ATC.  "We will continue to utilize
NetChemistry because they have proven their ability to meet and exceed our
stated business requirements under often chaotic, and unpredictable
timelines."
    Now, franchised dealers can access many thousands of off-lease vehicles
annually -- at the earliest point in the disposition cycle -- 24-hours a day,
7-days a week.  This translates to the potential for greater sales as dealers
can go online and locate cars within blocks of their lot.  In addition, doing
so free of the high costs traditionally associated with purchasing off-lease
vehicles at auction, dealers are saving up to 80 percent per transaction.
    By providing these dealers with an online marketplace, American Honda
Finance Corp., has implemented the most cost-effective method to market, track
and purchase off-lease vehicles.  Exceeding all sales expectations, the site
has allowed American Honda Finance to reduce customer, transactional and
marketing support costs, racking up literally millions in operational savings.
    "The Honda VIPS platform has truly set the standard for off-lease auto
procurement via the Web.  As we move into the next phase of the site
supporting AutoTradeCenter.com, we will help them implement greater
functionality and again raise the bar for the cost-effective transfer and sale
of off-lease vehicles," said Alfred Lutter, CEO, NetChemistry.

    About AutoTradeCenter.com, Inc.
    AutoTradeCenter.com is the leading Internet-based "business-to-business"
automotive remarketing company.  On its Web site, http://www.autotradecenter.com, the
company markets its services to its national dealer base, leasing and rental
companies and banks and financial institutions across the U.S. who can use the
site's many features for more efficient buying, selling and trading of used
vehicles.
    For more information on AutoTradeCenter.com, Inc., please visit
http://www.autotradecenter.com.

    About NetChemistry
    NetChemistry is the benchmark in Internet financial services application
development.  While other Web development companies add financial services to
their practice areas, NetChemistry made financial services its vertical
expertise.  In the highly-regulated, mission-critical, legacy-intensive
financial sector, NetChemistry combines all the elements for a successful
ebusiness, including Internet strategy, custom application development,
rock-solid infrastructure, legacy system integration and world-class design.
NetChemistry is the first true specialist in creating solutions to the
near-impossible online challenges of companies like E*OFFERING and American
Honda Finance.
    NetChemistry allows its customers to compete effectively in the new
economy without the need for big investments in staffing, technology or time.
    For more information on NetChemistry or its services, contact NetChemistry
at 19800 Mac Arthur Blvd., Suite 200, Irvine, Calif., 92612; phone:
(949) 608-1700; or visit the Web site at http://www.netchemistry.com.