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Auto Network USA to Open Albuquerque Facility

13 May 1998

Auto Network USA to Open Albuquerque Facility

    SCOTTSDALE, Ariz., May 13 -- Auto Network USA
(OTC Bulletin Board: ANWK), the fastest-growing publicly-held wholesaler of
used luxury automobiles in the country, announced today that it has formed a
wholly-owned subsidiary, Auto Network USA - New Mexico, marking its entry in
the fast-growing Albuquerque market. The New Mexico operation is expected to
be immediately additive to earnings and is part of the Company's strategy to
consolidate the highly-fragmented automobile wholesaling industry in strategic
markets throughout the country.
    "This is the first step in our strategy to roll-up the automobile
wholesale industry nationwide," said Mike Stuart, Auto Network's President and
CEO. "The Albuquerque facility will serve as a beta-site for our national
consolidation strategy and will create the pattern by which we develop
additional sites across the country. The management team we are integrating
has a solid reputation in the automotive industry and we will rely heavily on
their expertise in developing this dynamic market."
    "Based upon the Albuquerque market, we expect this unit to add roughly
$15-20 million in revenues to Auto Network this year," said Mark Moldenhauer,
vice president of corporate development for Auto Network USA. "We have been
doing business in New Mexico for some time, and this move was a natural fit."
Auto Network USA is a wholesaler of used luxury automobiles, providing new car
dealers with an alternative to the auto auctions by purchasing and re-selling
trade-in vehicles. The Company is capitalizing on the billion-dollar wholesale
market by focusing operations in strategic segments of the country. The
Company has been profitable since it began operations.

    The Statements included in this press release may constitute forward-
looking statements made pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995.  These statements involve risks and
uncertainties that could cause actual results to differ materially from the
forward-looking statements. Factors which would cause or contribute to such
differences may include but are not limited to factors which may be detailed
in Securities and Exchange Commission filing; downturns in the company's
primary markets; disruptions to the company's operations and from acts of God.

SOURCE  Auto Network USA