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Non-Tech : APCO Automobile Protection Company -- Ignore unavailable to you. Want to Upgrade?

To: JoeinIowa who wrote (2950)	11/12/1998 8:35:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 3351

Automobile Protection Corporation - APCO - Announces Marketing Agreement with AutoConnect, LLC (www.AutoConnect.com) ATLANTA, Nov. 11 /PRNewswire/ -- Automobile Protection Corporation (Nasdaq: APCO - news) announced today that it has entered into a marketing agreement with AutoConnect, LLC (http://www.AutoConnect.com). AutoConnect is one of the largest used vehicle websites, and is owned by Manheim Auctions and the Dealer Services Group of ADP, Inc. (ADP). The AutoConnect website lists the used vehicle inventories of thousands of franchised and independent automobile dealers in a manner which makes it efficient and easy for consumers to search for a specific used vehicle in their area. The AutoConnect website currently lists over 500,000 vehicles located throughout the U.S. The website listing for each vehicle includes a stock or actual (when available) photograph and extensive data on the vehicle, plus the name and address of the dealership which has the vehicle. Under the agreement, APCO's distribution network of 160 independent sales representatives will market the AutoConnect website and web building services to automobile dealerships throughout the U.S. Larry I. Dorfman, President/CEO of APCO said: ''Internet commerce will be a powerful and necessary tool for every automobile dealer in the years to come. The relationship with AutoConnect provides our representatives with the ability to assist our automobile dealership clients with making the transition to internet marketing and commerce. In addition to being able to deliver AutoConnect's multiple web services, we have developed an outstanding hiring and training program for dealers to develop internet commerce sales managers to take full advantage of the sales leads generated by the internet.'' Mr. Dorfman also said: ''We will be marketing our new Service Advisor Plus by EasyCare® maintenance reminder software in conjunction with AutoConnect products. This software provides dealers with direct post-sale communications with their customers, to encourage customers to return for maintenance and repair services.'' Joe George, Director of Dealer Services for AutoConnect said: ''We have developed one of the largest used vehicle websites on the internet and have over 27,000 participating dealers. Our relationship with APCO will provide us with outstanding distribution of our internet products, as well as a partner who understands how to transition dealers to the internet world. APCO has a proven track record in dealership training and development and we are excited about this new relationship.'' APCO, established in 1984, is a leading marketer and administrator of products and services to automobile and recreational vehicle dealers. The Company's core business is the marketing and administration of EasyCare® Vehicle Service Contracts. The Company also administers warranty and service contract products under private labels for financial institutions, an insurance company and a manufacturer. ''Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995: To the extent that this news release discusses financial projections, information or expectations about our products or markets, or otherwise makes statements about the future, our statements are forward looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. The specific risk factors are described in the Company's Form 10-K that has been filed with the Securities & Exchange Commission in connection with its 1997 year. SOURCE: Automobile Protection Corporation