Autotradecenter.com Inc. Exceeds Sales Expections for American Honda Finance Corporation

SCOTTSDALE, Ariz. -- July 24, 2000 -- AutoTradeCenter.com Inc. (OTCBB:AUTC - news) announced today the results of the national rollout of its Internet remarketing solution for American Honda Finance Corporation.

The Company's program, known as the Honda Finance Vehicle Inter-dealer Purchase System (Honda Finance VIP), exceeded sales expectations of off-lease vehicles in the first 45 days.

Company president Roger Butterwick reported, ``Thirty-Five percent of all Honda Finance off-lease vehicles are being sold on the VIP Web site. This number represents a tremendous achievement in both Honda Finance online vehicle sales, as well as the establishment of a new benchmark for the automotive industry.''

The Honda Finance VIP Web site, designed and powered by AutoTradeCenter.com, provides the Honda and Acura franchised dealers with a virtual private network for the purchase of approximately 150,000 Honda Finance off-lease vehicles annually.

AutoTradeCenter Remarketing Services completed the national launch of the VIP Web site with 100% dealer participation on June 12, 2000. Utilizing the Company's state-of-the-art technology and unparalleled support services allows American Honda Finance Corporation to meet its objective of becoming the automotive industry's most successful Internet seller of off-lease vehicles.

American Honda Finance Corporation Manager of Lease-End Remarketing David Langley said, ``The national launch of the Honda Finance VIP program is regarded as one of the most successful in our history. The VIP Web site gives the Honda and Acura dealers the ability to track and purchase off-lease vehicles at the earliest point in the disposition cycle, 24 hours a day, seven days a week, directly from Honda Finance.

``The Honda and Acura dealers have gained a significant competitive edge through the use of this program. The advantages of the Internet technology mean efficiency throughout the entire vehicle disposition cycle. This program is exceeding the objectives of American Honda Finance Corporation and providing valuable tools to our dealer body.''

Colette Marcilliat, Director of Remarketing for AutoTradeCenter.com stated, ``AutoTradeCenter.com's philosophy for Web-enabled vehicle sales programs incorporates the marriage of state-of-the-art technology and automotive expertise. The Honda Finance VIP program incorporates the best Internet technology with industry proven remarketing methods. American Honda Finance Corporation and AutoTradeCenter.com recognize the power of the team approach. This team is committed to the development and support of the industry's leading vehicle remarketing program.''

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