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Statement Regarding ChoiceParts Federal Antitrust Lawsuit Against General Motors, Daimlerchrysler and The Ford Motor Company by Chan W. Galbato, Chief Executive Officer

5 January 2001

Statement Regarding ChoiceParts Federal Antitrust Lawsuit Against General Motors, Daimlerchrysler and The Ford Motor Company by Chan W. Galbato, Chief Executive Officer

    CHICAGO, Jan. 5 Statement regarding ChoiceParts federal
antitrust lawsuit against General Motors, DaimlerChrysler and The Ford Motor
Company by Chan W. Galbato, Chief Executive Officer:
    "ChoiceParts has filed a federal antitrust lawsuit against General Motors,
DaimlerChrysler and Ford asserting multiple violations of the Sherman
Antitrust Act.  We are simply asserting our right to compete in a fair and
free marketplace.
    We are pursuing the right to utilize data about parts pricing and
identification numbering that has been historically and consistently provided
to other companies servicing the needs of car dealers.  We have a great
business model and are ready to deliver our product to customers.  We have
over 250 dealers signed up for our product and are eager to provide the data
and the technology to connect dealers and distributors quickly.
    At its core, this lawsuit is about the right to freely compete.  The
existing customer installed base at ChoiceParts is 8,000 strong, comprised
largely of retailers of GM, Ford and DaimlerChrysler vehicles.   We already
have over 250 customers -- automotive dealers -- that are waiting for our
latest product, and with equal access to industry data, ChoiceParts can help
them and repair shops do business quickly and more efficiently."