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Dealix Corporation Names Former Deloitte & Touche Executive as Chief Financial Officer

June 24, 2003

Dealix Corporation, an automotive Internet marketing services company, announced the appointment of John duHadway as chief financial officer. duHadway joined the Dealix team on April 21, 2003.

A seasoned executive, duHadway brings over 18 years of financial, accounting, consulting and senior management experience to Dealix.

"The entire Dealix team is excited to have John aboard," said Dealix CEO Jon Christensen. "Our sales have tripled in the last 18 months and there doesn't seem to be a slowdown in sight. Sound management of this rapid growth requires the financial expertise that John brings to Dealix. With John's arrival, our management team is ready to support Dealix's expansion to first- tier status in our industry."

"I'm excited to be working with Dealix," added duHadway. "The combination of the company's culture and meticulous attention to detail, not to mention its history of profit and growth, make it a formidable industry player. Given the over $15 billion annual automobile advertising market and the approximate 8 percent being currently devoted to Internet advertising, there is tremendous opportunity for grabbing market share. Dealix, in my view, has positioned itself to not only garner increased market share, but to do such in a financially disciplined manner."

duHadway joins Dealix from LoanCity.com, a wholesale Internet lender focusing on residential loans, where he served as executive vice president and chief financial officer. Prior to LoanCity, duHadway was executive vice president and chief financial officer for First Franklin Financial Corporation from 1997 - 2001, where he oversaw the company's numerous equity transactions and led its financing, securitization and capital markets efforts. From 1986 -- 1997, duHadway was a senior manager at Deloitte and Touche, where he led a range of engagements from auditing to consulting to litigation support.

duHadway received his BS in Business Administration - Accounting from Shippensburg University in Shippensburg, Pennsylvania.

About Dealix Corporation

Dealix Corporation, an automotive Internet marketing services company, says it delivers thousands of serious vehicle buyers to automobile dealerships, large dealer groups, and automotive manufacturers every day. Dealix owns and operates InvoiceDealers, and a source of vehicle purchase requests processed through the Dealix Lead Trading Platform(SM), a suite of proprietary technology products and business solutions. InvoiceDealers works in tandem with the Dealix Lead Acquisition Network(SM), a collection of preeminent partner Web sites, to process the over 1.7 million vehicle shoppers who come to InvoiceDealers every month. For more information, visit www.dealix.xom and www.invoicedealers.com.

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