FleetMax Offers Vehicles Online in Autodaq Open Auction

Autodaq Corp., an integrated automotive remarketing services company, and FleetMax, a supplier of nearly new and used vehicles to automobile dealers throughout the United States, announced June 14 that dealers can buy vehicles from FleetMax online in the Autodaq Open Auction at www.autodaq.com.

FleetMax is among the first auto wholesalers to participate in this Autodaq online auction.

"We're extending FleetMax's presence to the Internet in order to provide our customers nationwide convenient access to our inventory," said Jason Hockett, president of FleetMax. "By working with Autodaq, we put a cost-effective Internet channel in place fast in order to better serve our customers."

"FleetMax expands the vehicle selection available to buyers on the Autodaq Open Auction site," said Adam Boyden, president and CEO of Autodaq. "We're pleased to provide FleetMax and other auto wholesalers with an Internet channel to augment their sales efforts."

About Autodaq Corporation

Autodaq Corp. (www.autodaq.com) is an integrated automotive remarketing services company that provides the infrastructure and technology to facilitate the business-to-business trade of used cars on the Internet and professional remarketing services that include remarketing management, lease maturity management and sales and leadership training.

Autodaq says its services significantly reduce costs, increase profitability and improve operational efficiency for financial institutions, auto manufacturers and other fleet, lease and rental car operators, as well as franchised, independent and Internet-based auto dealers and wholesalers.

Based in Menlo Park, Calif., Autodaq is a privately held company; its investors include August Capital, Madison Dearborn Partners, Zilkha Ventures, Clayton Venture Group, Dain Rauscher Wessells and several angel investors from the Internet and automotive industries.

About FleetMax

FleetMax (www.fleetmax.com), based in Indianapolis, Ind., is a supplier of nearly new and used vehicles to automobile dealers throughout the United States.

FleetMax is a source for most makes and models of vehicles supplied directly from manufacturers, lease companies, rental car companies and wholesale auctions.