Business Services Industry

Snap N' Sold's HotAutoWeb Subsidiary Updates Listing and Sales Activity for March

Business Wire, April 18, 2006

PALM HARBOR, Fla. -- Snap N' Sold Corp. (Pink Sheets:SNPD) today released listing and sales activity for the month of March 2006 for its HotAutoWeb strategic business unit. As of April 1st, the Snap N' Sold subsidiary has pending and closed sales in excess of $160,000.00 for the past 30 days, while estimated retail value of new listings exceeded $174,000.

The closed sales included a 1996 Harley Davidson(TM) with Side Car, a 1991 Harley Davidson(TM) Fat Boy (Harley-Davidson(R) is a trademark of Harley-Davidson Corporation (NYSE:HDI), a 1934 Ford Sedan Delivery, a 1966 Ford Thunderbird Convertible (Ford(R) is a trademark of Ford Motor Company (NYSE:F), a 1969 Chevy Nova, a 1941 Chevy Hot Rod, a 1934 Chevy Hot Rod, a 1951 Chevy Pick-up (Chevy(R) is a trademark of General Motors (NYSE:GM) and 1956 VW Bug (VW(R) is a trademark of Volkswagen AG).

The Company also announced that it has listed 9 classic and high-end automobiles and motorcycles over the same time frame, carrying an estimated total retail value of over $174,000. This inventory includes vehicles with estimate values as little as $5,000 for a 1951 Chevy(R) Pickup and as much as $45,000 for a 1961 Chevy Impala.

Snap N' Sold Chairman, James G. Grady, commented, "Monthly unique visitors to the HotAutoWeb site continues to increase, suggesting increasing awareness and popularity of our HotAutoWeb service. This is attributable, in large part, to viral `word of mouth' adoption, but is also a function of our increased regional presence through our regional representation program."

About Snap N' Sold Corp.

Snap N' Sold Corp., http://www.snapnsold.com, is engaged in the eBay (NASDAQ:EBAY) drop store industry with competitors Las Vegas based Net2Auction Inc. (Pink Sheets:NAUC), subsidiary of AmeriResource Technologies, Inc., and Dallas based Orbit Drop, Inc. as well as other auction facilitators like the EZ2Companies.com (OTCBB:EZTO). Snap N' Sold is managing its growth through the acquisition of community-centered retail "thrift stores" that will continue operating in that business while also acting as local eBay drop store 'consignment centers' and corporate and estate asset disposition offices. Snap N' Sold Corp. also through its HotAutoWeb subsidiary, http://www.hotautoweb.com, is engaged in the business of direct-to-consumer sales and auctions of highly-coveted classic, race cars and hot rods. While HotAutoWeb currently sells other forms of conveyance, such as RVs, airplanes, motorcycles and boats, the company will be building vehicle-specific web sites to facilitate listings and sales in the same manner as HotAutoWeb. The company is also instituting a National Regional Representative Program to drive local service representation and national listing and sales growth.

Safe Harbor

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Snap N' Sold Corp., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

COPYRIGHT 2006 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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