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Launch of Planet Salvage Projected to Transform the Global Salvage Industry

31 July 2000

Flagship Marketplace for Auto Salvage is the First in a Series of Unique Exchanges that will Match Buyers and Sellers in a Completely Open Trading System

   
    LENEXA, Kan. - Planet Salvage is the first Internet based marketplace 
devoted to creating a global information and trading exchange for the salvage 
community.  The launch of Planet Salvage's flagship auto salvage marketplace 
comes at a time when the auto parts industry is ripe for an Internet solution.  
Despite the significant volume of the auto salvage industry, estimated at $40-
$60 billion in transaction volume each year, buying and selling recycled and 
rebuilt auto parts is a complicated, lengthy process that often results in lost 
sales for sellers and overpriced parts for buyers due to impractical sales 
methods.  Planet Salvage simplifies and transforms this process.

    Currently, online solutions for auto parts buyers and sellers are limited
to web sites that act as intermediaries between only two parties and allow
only certain registered suppliers to sell to on-line users.  Planet Salvage is
unique, allowing all auto salvage buyers and sellers to create member profiles
and to place offerings and bids, giving users unlimited options regarding
pricing and availability.

    In the coming months Planet Salvage plans to deliver e-business
marketplaces and services for the salvage industry focused on the recycling of
materials ranging from auto parts to airplanes with the ability to host
on-line salvage auctions.

    "We are delighted with the immediate interest generated by our business
model.  Since our on-line launch June 13th we have registered a significant
number of auto recyclers, dismantlers, collision and general repair
businesses," said Scott Petersen, president and CEO, of Planet Salvage, Inc.

    Technology, Key Strategic Partners

    Planet Salvage has selected proven and scalable technology partners such
as Sun, Cisco, Oracle, and BroadVision.

    About Planet Salvage

    Planet Salvage was formed in 1999 and is based in Lenexa, Kansas.  Planet
Salvage members can utilize the efficiencies of the Internet to bring buyers
and sellers of salvaged products together in an open, non-restrictive
environment that provides buyers with the ability to select the price and
quality they want from a set of responses from qualified sellers.