Press Contact: CCITRIAD Ellie Javadi A&R Partners 650.762.2828 ejavadi@arpartners.com Car-Part.com Roger Schroder 859.344.1925 Roger@Car-Part.com Car-Part.com Acquires CCITRIAD's Automotive Recycling Division FORT WRIGHT, Kentucky and AUSTIN, Texas, Oct. 6, 2003 - CCITRIAD and Car-Part.com today announced that Car-Part.com has completed its acquisition of CCITRIAD's Automotive Recycling Division (ARD). Car-Part.com's acquisition includes the purchase of ARD's software, systems, Hollander Interchange License and other assets. Car-Part.com will immediately begin integrating ARD business operations and employees into Car-Part.com's operations. Economic terms of the sale were not disclosed. "The management team at Car-Part.com is excited about the opportunities this transaction brings to ARD and our existing customers. This acquisition is key to furthering our goal of providing Internet services to any recycler independent of their Inventory Management System." said Jeff Schroder president of Car-Part.com. The ARD group has more than 1,200 customers in the U.S. and Canada. These customers use three distinct products: OrionTM, Checkmate® and CompassTM for optimized parts searches, inventory management and communications. Car-Part.com is adopting a best of breed approach to enhance the Orion, Compass, and Car-Part.com services, allowing these services to work together more seamlessly and to execute world-class customer service standards across all product lines. Car-Part.com will also offer its Web services to all Checkmate, Orion, and Compass customers and to accelerate investments in ARD products to better support the needs of the Auto Recycler. ABOUT CAR-PART.COM Car-Part.com was the first service to offer auto recycler inventory on the Web. On-line since May 1998, Car-Part.com is a leading provider of Web services for recyclers. Car-Part.com's turnkey solution provides inventory searching, web hosting, design, promotion, and email services to recyclers. Additionally, its Trading Partner service gives recyclers custom parts locating with "hot-key" access from their Inventory Management System. Car-Part.com currently serves 62 million parts from 2000 recyclers. The service generates 1,000,000 hits and 80,000 part searches per day and successfully sells recyclers' parts. For more information, contact Roger Schroder at 859-344-1925 (email: info@Car-Part.com), or visit the Car-Part.com web site at www.Car-Part.com. ABOUT CCITRIAD CCITRIAD (www.ccitriad.com) is a leading provider of data services, management and information systems for the automotive aftermarket and hardlines and lumber industries. The company offers the most comprehensive set of solutions, including content-rich database products, turnkey computer systems, highly specialized customer support and maintenance service options, and business consulting. CCITRIAD's domain expertise helps its customers improve service levels, reduce inventory costs and increase profitability. The statements contained in this release which are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements as to the transition of the ARD business, the fit between the Car-Part.com products and services with those of CCITRIAD, the working relationship between Car-Part.com and CCITRIAD and the opportunities for ARD and Car-Part.com customers. Investors are cautioned that forward-looking statements are inherently uncertain and subject to risks. Actual results may differ materially from the future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include but are not limited to those risks and uncertainties surrounding the ability to transition the ARD business as well as those other risks and uncertainties identified in CCITRIAD's (Cooperative Computing, Inc.) most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K, each of which have been filed with the Securities and Exchange Commission. CCITRIAD and Car-Part.com assume no duty to update information contained in this document at any time. # # # All company or product names are trademarks and/or registered trademarks of their respective companies. |