Giggo.com to be Sole Finance Provider for AutoNationDirect.com

Business Wire, June 22, 1999

DALLAS--(BUSINESS WIRE)--June 22, 1999--

Giggo.com is pleased to announce that it will be the exclusive provider of on-line financing for AutoNationDirect.com, which was launched today at a press conference in Dearborn, MI.

AutoNationDirect.com is a new website where consumers will be able to purchase vehicles online through AutoNation's nationwide dealer network. The full service site allows consumers to research cars online, price models, get insurance, purchase their vehicles and have them delivered to their door. Consumers can also finance their vehicles online through Giggo.com by utilizing Giggo's simple, quick and efficient on-line loan process. Giggo.com's capabilities are fully integrated into the AutoNationDirect.com website.

"We are very excited to be the sole provider of auto-financing for AutoNationDirect.com," said Jeff Danford, Director of Giggo.com. "The partnership is poised to revolutionize the way cars are purchased over the Internet today. The combination of the nation's number one dealer group and the Internet's leading car-financing source finally enables consumers to truly buy a vehicle on-line. AutoNationDirect.com's commitment to customer service is a perfect complement to Giggo.com's standards of 100% commitment to consumer satisfaction."

"AutoNationDirect.com is committed to offering the most complete car buying experience on the Internet," said Scott Barrett, Senior Vice President of Information Technology at AutoNation, Inc. "We believe that Giggo.com's online financing capability is an excellent choice in helping us achieve this goal. Giggo.com's expertise in both consumer and partner relationship management has enabled AutoNationDirect.com to quickly bring a superior product to market."

AutoNation, Inc. is the largest automotive retailer and the second-largest vehicle rental company in the world. The Company had 1998 revenues of over $16 billion and ranked 83rd in the Fortune 100. AutoNation owns the largest group of franchised automotive dealerships in the U.S. and operates the AutoNation USA used vehicle megastore chain. AutoNation also owns and operates National Car Rental Systems, Inc., Alamo Rent -A- Car, Inc. and CarTemps USA.

Giggo.com is an online automotive financing site that is fast, friendly and easy to use. The new and innovative online service provides customers with a comprehensive information program, an easy, direct loan process and competitive rates. Giggo.com, based in Dallas Texas, is part of the global strategic initiative of debis Financial Services (a division of debis AG) to offer a complete range of financial services to a wide variety of global markets and customer groups.

Giggo.com 9 Village Circle, Suite 400 Roanoke, TX 76262 T. 1 800 283 3496 F. 1 817 430 7492