AutoTradeCenter Canada Ltd.
TSX VENTURE : ATO

AutoTradeCenter Canada Ltd.

October 05, 2005 11:03 ET

AutoTradeCenter Canada Ltd. has Implemented with Mercedes Benz Credit cDemo's Inspection Technology

LETHBRIDGE, ALBERTA--(CCNMatthews - Oct. 5, 2005) -

(Not for dissemination in the United States of America)

AutoTradeCenter Canada Ltd. (TSX VENTURE:ATO) (the "Company", "ATC Canada") is pleased to announce the successful implementation of its cDemo inspection technology with Mercedes-Benz Credit's ("MBC") third party inspection vendor. MBC's third party inspection vendor provides electronic inspection services for off-lease vehicles across Canada. A sixty day implementation phase has been completed and the inspection vendor is evolving towards deploying the technology with its 17 other existing clients.

The third party inspection vendor, using ATC Canada's cDemo Inspection Intelligence, now provides inspection services at customer homes to give MBC immediate access to vehicle condition information 30 days prior to lease termination. MBC uses this information to confirm and recover costs relating to reconditioning and remarketing of off-lease inventory. MBC's Remarketing Manager can assess vehicle condition, estimate repair costs, establish price, and manage auction listings from a single remote web console, saving costs and time.

"The integration of our cDemo Inspection Intelligence into the Mercedes-Benz dealerships via its third party inspection vendor is a strong validation of our competitive position in the marketplace", said Allan Chell, President and CEO of ATC Canada. "We believe that ATC Canada's cDemo platform provides the scalability and adaptability necessary to support top quality fleet management and expect that we will become the inspection technology platform of choice."

About AutoTradeCenter Canada Ltd.

ATC Canada offers a combination of services and technology products for Canadian companies engaged in wholesale vehicle remarketing, including its on-line vehicle auction platform and the cDemo Inspection Intelligence technology. ATC Canada's inspection technology standardizes the vehicle assessment data collection process and enables the management of 'virtual' vehicles' on-line.

About Mercedes-Benz Credit

Mercedes-Benz Credit provides financing for Mercedes-Benz dealers' inventories and their retail customers. Currently, more than 25,000 drivers in Canada enjoy the benefits of leasing or financing their Mercedes-Benz vehicles through Mercedes-Benz Credit, which is a company of DaimlerChrysler Services North America LLC. DCSNA's group of companies operates in the United States, Canada, Mexico, Puerto Rico and South America. DCSNA is part of the DaimlerChrysler Financial Services Group, headquartered in Berlin, Germany, which operates in 39 countries and has an employee base exceeding 10,800 and a global portfolio of approximately $139 billion. DaimlerChrysler Financial Services Group is one of the leading financial services enterprises worldwide.

Statements in this release which describe the Company's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Company to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. The Company may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

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