National Press Release

Online Auction Site Offers Preferred Access to 8,000 Dealers across the Country

BASKING RIDGE, N.J., June 11 /PRNewswire/ -- iBidMotors, (www.iBidMotors.com) the largest exclusive dealer to consumer online auction site, announced today that during the GM and Chrysler bankruptcy iBidMotors will offer all GM and Chrysler dealers nationwide the ability to advertise their entire new and pre-owned inventory on the iBidMotors online auction site at no charge for 60 days during the bankruptcy and subsequent reorganization.

"iBidMotors' commitment to GM and Chrysler during these turbulent times is unprecedented," said Bob Schiff, iBidMotors Founder and CEO. "Over 8,000 car dealers are affected by this bankruptcy, and by offering to advertise their inventory online for free, iBidMotors will help viable dealerships continue to thrive and contribute to saving jobs in communities across the country," said Schiff.

iBidMotors has hired additional staff to accommodate the influx of new clients that they expect will take advantage of this extraordinary offer. Dealers have until June 30th to sign up for this program.

Over the past two years the iBidMotors online auction has generated over $100 million in retail automotive sales, making them one of the fastest growing automotive sites and the platform of choice for some of the largest dealer groups in the country.

Consumers who are shopping for autos can visit iBidMotors.com and search or browse through the thousands of vehicles on the site and bid, make an offer or just use the "Buy it Now" option to finalize the transaction with the local car dealer.

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.

For more information, please contact Bob Schiff at: 609-275-0041 or info@iBidMotors.com

SOURCE iBidMotors