National Press Release

Over 6500 Cars Sold Since Launching Exclusive Dealer to Consumer Online Auction Site

BASKING RIDGE, N.J., March 18 /PRNewswire/ -- iBidMotors (www.iBidMotors.com) announced today that it reached over $100 million in retail car sales since its inception less than two years ago.

The milestone vehicle was purchased by John O'Rourke and was sold by J&S AutoHaus of Ewing N.J. "We were one of iBidMotors first clients and it has proven to be very profitable for us. Over the last few months we sold over $200,000 in retail sales as a result of the iBidMotors site," said Peter Marich, president of J&S AutoHaus.

"This is a significant milestone in our company's very short history," said Bob Schiff, iBidMotors Founder and CEO. Since the successful launch of the iBidMotors platform at the NY International Auto Show in 2007 iBidMotors very quickly became a popular site for car dealers to sell their entire inventory to consumers on an auction platform.

"iBidMotors provides car dealers a tremendous amount of value. During these recessionary times pre-owned cars are the life-line to dealerships across the country," said Schiff.

David Fintzy, Internet General Manager for Paul Miller Auto Group shared, "Since all the cars on the iBidMotors site are from car dealers like ours, consumers feel more comfortable bidding or making an offer and that is the reason our dealership has been very successful utilizing the iBidMotors.com site."

iBidMotors continually strives to improve the Internet sales channel for car dealers by also providing enhanced dealer analytics, unlimited picture capabilities, vehicle videos and improved search capabilities. Site functionality also provides a great user experience during the online shopping process.

About iBidMotors:

iBidMotors is a market and technology leader in online auto auction applications. The company's portfolio of applications has revolutionized the ways that auto dealers can more effectively drive revenue. iBidMotors enables auto dealers to seamlessly download their entire inventory into the iBidMotors auction site for a fixed monthly fee to provide dealers with one of the most cost effective ways to sell cars. iBidMotors also offers a private label product targeted to dealer groups. iBidMotors is headquartered in Basking Ridge NJ. Many former NFL players and NFL Hall of Famers are part of the iBidMotors team.

SOURCE iBidMotors