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DealerTrack Granted Patent On Its Credit Application Processing Technology

March 08, 2007

Lake Success, N.Y. — DealerTrack Holdings Inc. announced that it has been awarded United States Patent Number 7,181,427 relating to its online credit application processing product.

DealerTrack has filed an additional patent infringement action against RouteOne and Finance Express in the United States District Court for the Central District of California, to add this newly issued patent to the other two patents it is already asserting against these companies. All three patents involved in the pending litigations concern computer-implemented credit application routing systems and methods of managing credit applications.

"DealerTrack values its intellectual property as an important company asset and intends to vigorously pursue claims for patent infringement against RouteOne and Finance Express," said Mark O'Neil, chairman and chief executive officer of DealerTrack. "We believe this new patent adds both strength and scope to our patent position. We are pleased with the progress to date in defending our intellectual property, and are optimistic that additional patents relating to this technology will be issued in the future."

A "Markman" hearing to review DealerTrack's claim construction regarding the prior two patents is scheduled for June 2007.

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