AutoTradeCenter announced Jan. 14 that it has reached its objective of achieving positive EBITDA by December 31, 2001. Record vehicle sales on the company’s branded web sites in 2001 marked a 48% increase over 2000. Gross revenues for the quarter ending December 31, 2001 were up over 200% for the same period last year, according to AutoTradeCenter.

"We are extremely pleased with our third quarter revenues," states Roger L. Butterwick, President of AutoTradeCenter. "The steady increase in percentages of vehicles sold reflects the upward trend of dealers utilizing our Internet remarketing programs for sourcing new inventory. The numbers show that ATC’s model for ‘upstream Internet remarketing’ works by providing an efficient, effective and cost savings channel for remarketing vehicles."

The company’s complete third quarter results for the period ending December 31, 2001 are expected to be released mid-February 2002. The Company’s 10Q filing with the SEC can be accessed through the EDGAR reporting system located at www.sec.gov. The Company’s financial statements are posted in the Investor Relations section on its Web site at www.autotradecenter.com.

AutoTradeCenter (ATC) is an Internet-based "business-to-business" automotive re-marketing company. The Company markets its services to automobile manufacturers, captive finance companies, lease and rental companies, and financial institutions across the U.S. ATC powers the American Honda Finance Corporation’s Vehicle Inter-Dealer Purchase System (VIPS), the American Suzuki Motor Corporation’s PROline, and Volvo Finance North America’s Remarketing Internet Database Explorer (VolvoRIDE) utilizing Internet technology and remarketing services. For more information on AutoTradeCenter.com Inc., please visit www.autotradecenter.com or contact Public Relations at [email protected].

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