Billion Dollar Automotive Aftermarket Buying Group Commits to Leading eCommerce Procurement Solution Provider, Corcentric

9 January 2001

Billion Dollar Automotive Aftermarket Buying Group Commits to Leading eCommerce Procurement Solution Provider, Corcentric

    MCLEAN, Va. & LAKELAND, Fla.--Jan. 9, 2001--Corcentric and AIM-CMB Marketing today announced that a commitment has been reached for Corcentric to provide an eCommerce eHub Trading Community for the 1,400 members and over 200 suppliers of the $1.5 Billion automotive aftermarket buying group, AIM-CMB Marketing.
    The AIM-CMB eHub community will enable electronic supply chain commerce among its members and suppliers such as Delphi Automotive ; Goodyear Tire & Rubber ; Dana Corporation , and many other community members.
    According to Corcentric CEO Doug Rodgers, "Working with AIM-CMB is another great opportunity for Corcentric to bring our proprietary eBusiness procurement solution to the automotive aftermarket." Rodgers added, "Our eHub community maximizes supply chain cost savings that are associated with ecommerce. AIM-CMB's members will realize these savings upon a connection with the eHub." Business transactions will be completed electronically without having to change a company's existing IT systems, business processes or trading partners.
    "Our member distributors cover every avenue of distribution--from the traditional to the specialists, and our partner suppliers represent the finest products available in the automotive aftermarket today," noted AIM-CMB president Harold Cameron.
    "AIM-CMB needed a collaborative electronic procurement solution that would offer our members both buy-side and sell-side cost saving benefits. The decision to use Corcentric is a reflection of our commitment to provide these companies with the best eBusiness offering for getting the job done."

    About Corcentric

    Based in McLean, VA, Corcentric is a privately held company that provides proprietary eCommerce solutions to enable supply chain business communities to conduct transactions electronically.
    Founded in 1998, its investor base includes leading private equity firm HIG Ventures whose investor group includes leading global financial institutions such as Goldman Sachs and First Union Corporation . Currently, more than 600 clients' sites are utilizing Corcentric's services.
    Approximately $115 million in purchases have been processed to date, at a growing rate of over 40,000 transactions per month. For more information please visit our website at www.corcentric.com/.

    About AIM-CMB Marketing

    Based in Lakeland, FL, AIM-CMB Marketing organization is comprised of several integrated groups (CMB Marketing/AIM/DWC/Cygnus/Auto Extra/SDI/Undercar America/Import Parts Marketing) representing over 1,400 independent automotive parts distributors and 200 partner suppliers throughout the United States and Canada.
    For more information please visit our website at www.aim-cmbmarketing.com/.