Arkona Inc. and

StoneEagle.com, Inc. announced July 10 a strategic alliance where both

companies intend to fully integrate their products to provide a complete

financial management solution for franchise and independent automobile

dealers. This new solution will be available to thousands of automobile

dealers needing accounting, F&I, payroll and service contract capabilities.

According to both companies, they are uniquely prepared to provide fully integrated, real-time

service contract calculations, credit insurance calculations, and paperless

data exchange to dealerships and insurance administrators through Arkona's

Application Service Provider (ASP) delivery model. Arkona says it is the

first dealer management offering that will be fully integrated with

StoneEagle.com. With Arkona's new-generation ASP model, dealers now have a

full-featured solution via the Web and

access to numerous value-add partner connections.

According to Bobby Allen, president of StoneEagle.com, "To our knowledge

this project marks the first attempt at bridging the gap between insurance

providers and dealerships. This collaboration will allow for real-time

service contract quotes and paperless data exchange, which will enable

service contract providers to effectively track and service their products.

Arkona is uniquely positioned to affect this type of exchange."

"Arkona and StoneEagle.com provide us with great dealer solutions," said Ken

Bayles, general manager, Elegant Autos of Dallas, Texas. "They have

streamlined our F&I and Accounting departments at a fraction of the cost

that their competitors wanted to charge us."

In addition to integrating products, the two companies will engage in joint

selling and marketing activities under a revenue sharing model that has been

put in place.

"Arkona's alliance with StoneEagle.com is a giant step forward into the

independent automobile marketplace where we intend to be the market leader

with our ASP offering," said Jeff Swain, VP of Sales for Arkona.

"StoneEagle.com offers automobile dealers a powerful link between the Arkona

dealer management solution and secondary providers through StoneEagle.com's

network. By integrating real-time quotes and receiving immediate

confirmations, risk is better managed by the secondary provider, the dealer

is assured of accurate quotations, and the buyer receives the service

contract they expected," concluded Swain.

About StoneEagle.com

StoneEagle.com, a subsidiary of the StoneEagle Group, provides aftermarket

financial services such as Charge-Back Indemnity Administration, F&I

Penetration Reporting, Insurance Data Extraction, and Service Contract

Validation, Quoting and Claim Submission via the Web to automobile dealers,

banks, credit unions and other financial institutions nationwide.

StoneEagle.com is an industry specific software design and development

company. Headquartered in Dallas, Texas, StoneEagle personnel have been

involved in providing software applications to the insurance and related

industries since 1967. For more information, visit www.stoneeagle.com.

About Arkona Inc.

Founded in 1996, Arkona is an automotive

management solutions company. Arkona says their Dealer Management Suite also leads the market

in technologically superior e-business solutions for automotive dealers that

fully integrate back office systems with a retail Web presence. In this

market Arkona says they are one of the first premier Application Service Providers

(ASP). For more information visit the Arkona Web site at www.arkona.com.