AutoTradeCenter has sold its interest in its land-based subsidiaries (known as Auto Network Group) located in New Mexico, San Antonio, and Oregon, to Automotive Disposition Management Services, Inc. (ADM), a private, Arizona corporation. According to the terms of the Agreement, AutoTradeCenter (ATC) received 16% of ADM stock and a reduction of $1.2 million in long-term debt. ATC will retain a strategic client partnership with ADM and assist ADM in listing, selling and purchasing vehicle inventory over the Internet. AutoTradeCenter intends to wind down its land-based operation in Scottsdale, Arizona, thereby discontinuing all land-based operations by year-end. The Company expects to record a loss of approximately $650,000 from the ADM transaction, and intends to ascribe a nominal value to its 16% interest in ADM based on its minority ownership in a new company with limited financial information. AutoTradeCenter.com (ATC) is an Internet-based business-to-business automotive re-marketing company. On its web site, http://www.autotradecenter.com/, the Company markets its services to automobile manufacturers, captive finance companies, lease and rental companies, and financial institutions across the U.S. who can use the site's many features for more efficient buying, selling and trading. ATC powers the American Honda Finance Corporation’s Vehicle Inter-Dealer Purchase System “VIPS” utilizing Internet technology and remarketing services. For more information on AutoTradeCenter.com Inc., visit http://www.autotradecenter.com/ or contact Public Relations at lseegan@autotradecenter.com.