Record Bid Volume for lanelogic; lanelogic Bid Requests Amount to More Than $13,600,000 over Memorial Day Weekend

DALLAS--June 14, 2006--lanelogic processed more than 13.6 million dollars in bid requests from dealers in Texas and Oklahoma over the Memorial Day weekend. The demand for lanelogic services grows as dealers realize the greater ability to trade for more vehicles using lanelogic bids.

lanelogic can remove inventory risk from any vehicle no matter the make, mileage or condition. When a dealer requests a bid from lanelogic, a specialized Trade Analyst provides an appraisal value by determining the optimal location for a vehicle within a given trading zone. Bids are returned within five minutes and lanelogic guarantees the appraisal price of any trade-in or aged unit for up to 48 hours.

"lanelogic is great all the way around with minimal cost to the dealer. The network brings more confidence in pricing and moving inventory putting dealers on a faster turns, ultimately yielding more profit," said Kory Hooks GSM of Hook's Lincoln Mercury.

During the busy Memorial Day Weekend lanelogic processed a bid every 90 seconds with the average active dealer launching five vehicles per day. Memorial Day weekend was comprised of three trading days, May 26, 2006-29th. lanelogic is closed on Sunday.

"lanelogic offers me peace of mind on the value of any trade. If a customer brings in a random vehicle that I haven't seen in awhile I have peace that I am on a solid figure with a lanelogic bid," said Hooks.

lanelogic gives a dealer the ability to safeguard against aged units, acquire core inventory and eliminate risky trade-ins. lanelogic stands behind every vehicle with its proprietary 45-day Buy Back Guarantee. A dealer who cannot sell a lanelogic vehicle in 45 days or less can sell a vehicle back to lanelogic under the conditions of the Buy Back program.

"lanelogic has helped me to capture more business with the confidence in knowing that my vehicle appraisal stands strong. It is backed and guaranteed. It is like having the ability to run a vehicle through an auction lane prior to appraising it," ended Hooks.

ABOUT LANELOGIC

Launched in November of 2005 in Dallas, Texas, partnered with Internet pioneer VB2/Copart , lanelogic's credibility is bolstered by its leadership in the form of CEO Bruce Thompson, former CEO and founder of American Auto Exchange. Strategic alliances with VB2, American Auto Exchange, Inc., Auction Broadcasting Company (ABC Auctions), SGS, Cross Country and Great American Insurance Group mean that lanelogic is uniquely positioned to gather the needed inventory intelligence to deliver the industry's first, live guaranteed bid network. For more information, please visit: http://www.lanelogic.com/.

Learn more about lanelogic by watching a video presentation: http://www.lanelogic.com/demo