AutoTradeCenter Signs Agreement with Chrysler Financial for E.L.V.I.S. Enhancement

Business Wire, Jan 16, 2003

Business Editors

MESA, Ariz.--(BUSINESS WIRE)--Jan. 16, 2003

AutoTradeCenter Inc. (OTC BB: AUTC) announced today the signing of an agreement with Chrysler Financial, a brand of DaimlerChrysler Services North America, for the development of an Internet enhancement to their current E.L.V.I.S. (Electronic Lease Vehicle Inventory System) program. The enhancement, named Web E.L.V.I.S, provides for online access to Chrysler, Jeep(R) and Dodge off-lease vehicles to all franchise dealers nationwide.

Web E.L.V.I.S. is currently in a pilot stage, with a scheduled national rollout the end of this month.

"The expansion of E.L.V.I.S. through the ATC-powered Web E.L.V.I.S. program is an exciting opportunity to provide a vital remarketing service to Chrysler Financial and all Chrysler, Jeep and Dodge dealers nationwide," said Roger L. Butterwick, president of AutoTradeCenter. "We look forward to the program's success and are proud to have been chosen as a valued partner to Chrysler Financial."

According to Kelly Mankin, director of remarketing for DaimlerChrysler Services, "Web E.L.V.I.S. not only provides Chrysler Group dealers with the same functionality they are used to but also adds some exciting new enhancements. Tapping into the power and flexibility of the Internet, we are providing Chrysler Group dealers access to a virtual used vehicle inventory anytime, anywhere. Dealers can easily research and purchase vehicles, located at other Chrysler Group dealerships, down to a specific vehicle option."

AutoTradeCenter Inc. (ATC) is a leading Internet-based business-to-business automotive remarketing company offering its services to automobile manufacturers, captive finance companies, lease and rental companies, and financial institutions across the United States. ATC powers operating successful remarketing programs for such companies as Audi, Honda, Hyundai, Isuzu, Suzuki, Volvo, Volkswagen, Enterprise Rent-a-Car, and several other banks and financial institutions. For more information on AutoTradeCenter Inc., please visit http://www.autotradecenter.com or contact public relations at lseegan@autotradecenter.com.

About DaimlerChrysler Services North America LLC

DaimlerChrysler Services North America LLC provides brand specific financing for automotive dealers' inventories and retail consumers and does business as Chrysler Financial and Mercedes-Benz Credit. It also finances commercial vehicles for affiliate products such as Freightliner, Sterling and Western Star. The company serves as the headquarters for the operations in the United States, Canada and Mexico and has over 5,000 employees who manage a portfolio of $82 billion with nearly 5 million contracts. DaimlerChrysler Services North America is a member of the DaimlerChrysler Services Group, headquartered in Berlin, Germany which operates in 38 countries with an employee base exceeding 10,000 and a global portfolio of EUR 115 billion. DaimlerChrysler Services is one of the leading financial services companies worldwide.