SANTA MONICA, CA -- (MARKET WIRE) -- 04/10/08 -- Exit Only, Inc. (PINKSHEETS: EXTO) andText4cars, a wholly owned subsidiary of Exit Only, Inc., are pleased toannounce the signing of Auction Direct USA to deliver their vehicleinventory to the Text4cars.com website.Auction Direct USA offers a unique car buying experience, allowingconsumers to shop a large inventory of clean, late model, popular brandcars, trucks and SUVs, and purchase at a reserve price plus a flat $399.00.Every car sold at Auction Direct USA drives away with a complete CARFAXVehicle History Report and a 3-day, 500-mile guarantee.
"We are very pleased at the incredible growth we are experiencing bysigning on used car dealerships like Auction Direct USA which has over 1500cars in inventory. We feel Auction Direct USA's popularity will help uspenetrate the U.S. market. We anticipate our revenue model to exceed ouroriginal projections based on the website activity and popularity we haveexperienced on the new Text4cars USA site," said David Dion, CEO of ExitOnly Inc.
About Exit Only Inc.
Exit Only Inc.'s fully owned subsidiary, Shortcode Inc., owns the uniquecar buying website www.text4cars.com. Text4Cars.com was initiallylaunched in Canada in January 2007. Its Canadian website currentlyfeatures over 35,000 cars. Due to their incredible popularity in Canada,they are currently aggressively entering the U.S. market. Within a fewweeks they ramped up to over 7500 cars. Text4cars.com is unique becausethey do not charge a fee to individuals or dealers for posting theirvehicle. Their revenue is generated by charging the seller $2.00 eachtime they receive a text message requesting information on their vehicle.They have third party agreements with AT&T, Sprint Nextel, Verizon, MidwestCellular, Suncom Cellular, Virgin U.S., and U.S. Cellular. These companiescharge their users $2.00 each time they accept a text message fromText4cars.com. Buyers can only contact the seller through text messaging.New and Used Car dealerships don't pay anything to have their cars listed,they pay a $199 set up fee, a $99 quarterly fee, plus $2.00 for each textmessage they receive. Since the company's appearance at the 2008 NADAShow in March, they listed over 7500 cars in their first two weeks.
About Auto Direct USA
Auction Direct USA, a used vehicle superstore, is a 3rd party automotiveauction website operating in the cities of New York, Atlanta, Jacksonville,and Raleigh, NC. They currently have over 1500 vehicles in inventory.They offer individual buyers the opportunity to buy vehicles at car auctionprices plus a $399 fee. For more information please visitwww.autodirectusa.com.
Safe Harbor: This letter contains certain forward-looking statements withinthe meaning of Section 27A of the Securities Act of 1933, as amended andSection 21E of the Securities Exchange Act of 1934, as amended, which areintended to be covered by the safe harbors created thereby. Investors arecautioned that all forward-looking statements involve risks anduncertainty, including without limitation, the ability of the Company tosuccessfully implement its turnaround strategy, changes in costs of rawmaterials, labor, and employee benefits, as well as general marketconditions, competition and pricing. Although the Company believes that theassumptions underlying the forward-looking statements contained herein arereasonable, any of the assumptions could be inaccurate, and therefore,there can be no assurance that the forward-looking statements included inthis letter will prove to be accurate. In light of the significantuncertainties inherent in the forward-looking statements included herein,the inclusion of such information should not be regarded as representationby the Company or any other person that the objectives and plans of theCompany will be achieved. In assessing forward-looking statements includedherein, readers are urged to carefully read those statements.
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CONTACT:
Investor Relations
David Dion
1-888-736-0481