August 13, 2001

Eastern Fleet Remarketing Sells Corporate Fleet Vehicles Online in Autodaq Open Auction

Autodaq Corp., an integrated automotive remarketing services company, and Eastern Fleet Remarketing, a Florida-based fleet company, announced today Aug. 13 that dealers can buy vehicles from Eastern Fleet Remarketing online in the Autodaq Open Auction (www.autodaq.com). Eastern Fleet Remarketing is a supplier of late model corporate fleet vehicles, such as light-duty trucks, sport-utility vehicles (SUVs), and cargo vans as well as commercial trucks and domestic cars. "By working with Autodaq, Eastern Fleet Remarketing is able to provide better value to its customers by offering quality late model corporate fleet vehicles online," said Kevin McGrath, president of Eastern Fleet Remarketing. "We're very pleased to be able to offer this convenient and easy-to-use online service to our customers." "Eastern Fleet Remarketing expands the overall vehicle selection available to buyers on the Autodaq Open Auction with fleet cars, light-duty trucks and cargo vans," said Adam Boyden, Autodaq president and chief executive officer. "Dealers will find Eastern Fleet Remarketing's vehicles to be a welcome addition to the Autodaq Open Auction site." About Autodaq Corporation Autodaq Corp. ( www.autodaq.com) is an integrated automotive remarketing services company that provides the infrastructure and technology to facilitate the business-to-business trade of used cars on the Internet and professional remarketing services that include remarketing management, lease maturity management and sales and leadership training. Autodaq says its services significantly reduce costs, increase profitability and improve operational efficiency for financial institutions, auto manufacturers and other fleet, lease and rental car operators, as well as franchised, independent and Internet-based auto dealers and wholesalers. Based in Menlo Park, Calif., Autodaq is a privately held company; its investors include August Capital, Madison Dearborn Partners, Zilkha Ventures, Clayton Venture Group, Dain Rauscher Wessels and several angel investors from the Internet and automotive industries. About Eastern Fleet Remarketing Eastern Fleet Remarketing (www.easternfleetautosales.com) is a Florida-based fleet company specializing in reselling late model corporate fleet vehicles.