Ugly Duckling Corporation announced October 18th that members of the public are invited to the company's live quarterly call on the Internet, on Thursday, October 25, 2001 at 9:30 AM Arizona time/12:30 PM EST. The one-hour conference call will feature Greg Sullivan, CEO, and Steven Darak, CFO in a discussion of financial results for the third quarter of 2001 and recent operating developments.

Financial results will be released over the news wires before the market opens on Thursday, October 25, 2001. The press release will also be posted on Ugly Duckling's corporate Web site at www.uglyduckling.com. Investors wishing to hear the conference call may log onto the Web site and click on "Investor Information" (or go directly to www.uglyduckling.com/investor/index.asp) and then click on "3rd quarter earnings call." The online re-broadcast will be available for 30 days.

Headquartered in Phoenix, Arizona, Ugly Duckling Corporation is an operator of used car dealerships focused exclusively on the sub-prime market. The company underwrites, finances and services sub-prime contracts generated at its 76 Ugly Duckling dealerships, located in 11 metropolitan areas in eight states. For more information, contact Steven T. Darak at 602-852-6600.

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