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To: Harry_Behemoth who wrote (8221)	3/3/1999 1:16:00 PM
From: Robert B.	Respond to of 15987

Wednesday March 3, 12:27 pm Eastern Time Company Press Release SOURCE: AutoTradeCenter.com Auto Network Group Shifts Its Entire Business Online; Renames Company AutoTradeCenter.com Inc. Annualized Revenue Exceeds $100 Million SCOTTSDALE, Ariz., March 3 /PRNewswire/ -- Auto Network Group, Inc. (OTC Bulletin Board: ANWK - news) announced today that effective immediately it will begin to convert all of its automotive wholesaling business to become Internet based. Reflecting this new strategic direction, the board of directors has approved changing the company's name to AutoTradeCenter.com, also the name of the company's highly-successful online auto wholesale site. As a result of the move, AutoTradeCenter.com will be an automotive e-commerce site with annualized revenue in excess of $100 million. The company also announced that it intends to file a disclosure document during the month of March which will lead to the company becoming a reporting issuer. ''The name change reflects our growing Internet focus and presence,'' stated C.E.O. Michael Stuart. ''The Internet will greatly affect the way we do business in the future and we are pleased to be in the forefront of the automotive industry moving online. We are confident that our unique business characteristics will allow us to expand and utilize the Internet as few others can.'' AutoTradeCenter.com's site is a revolutionary, full-featured ''business-to-business'' service that allows automobile dealers to view automotive inventory for more efficient dealer-to-dealer buying, selling and trading. The database of inventory is for the wholesale trade only. Access is limited to registered dealers which include automobile dealers, fleet and lease remarketers, financial institutions, and rental car companies. In addition, the site provides dealership groups an Intranet service, allowing secured access to internal inventory. The site is currently being expanded to facilitate online automotive auctions utilizing an auction environment similar to retail auction sites such as eBay and uBid. AutoTradeCenter.com will provide an internet-based alternative to the conventional auto wholesale industry, saving time and money for auto dealers across the country. In 1998 the national used vehicle market comprised over 40 million units representing over $375 billion in sales. AutoTradeCenter.com, Inc. is the nation's fastest growing, publicly-held wholesaler of used late model and luxury automobiles. The Company is gaining market share in key urban areas by acquiring and consolidating the independent automobile wholesaling companies. This business strategy capitalizes on the enormous opportunity to create economies of scale in a widely-fragmented industry and allows AutoTradeCenter.com to take advantage of geographical disparities in the value of cars. For more information on AutoTradeCenter.com, visit the Company's sites: www.AutoTradeCenter.com and www.anwk.com. Statements regarding financial matters in this press release other than historical facts are ''forward-looking statements'' within the meaning of section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. CONTACT: Gerry Richards of M&A West, Inc. (Investor Relations), 650-588-2678, or info@mawest.com SOURCE: AutoTradeCenter.com