DealerAccess Canada Inc.

DealerAccess Canada Inc.

October 17, 2006 17:12 ET

DealerAccess Appoints Eric D. Jacobs as President

DealerAccess Expanding its Team to Meet Growing Needs

TORONTO, ONTARIO--(CCNMatthews - Oct. 17, 2006) - DealerAccess Canada Inc., a leading technology solution provider to the automotive finance sector in Canada and an affiliate of DealerTrack Holdings, Inc. (NASDAQ:TRAK) (, is pleased to announce the appointment of Eric D. Jacobs as President. David Trinder will continue in his role of CEO, DealerAccess, and will also serve as Senior Vice President, Network Solutions for DealerTrack, Inc., an affiliate of DealerAccess based in the United States. In addition, DealerAccess is pleased to announce the hiring of Ron Nakagawa as Director of Operations, Lindsey Brooker as Director, Marketing and Product Development, and John Henrick and Carol Pierson as Dealer Development representatives for Manitoba and Edmonton, respectively.

"I am delighted to welcome Eric in his new role," said David Trinder. "For the past two years, the growth of DealerAccess has exceeded our expectations. To manage and continue this growth in an appropriate fashion, it was time for the role of CEO and President to be split. We chose Eric since he brings high-level management experience, clear leadership and dedication to the automotive finance industry. Eric is an integral part of the DealerTrack senior management team and will be vital in supporting the U.S. and Canadian operations."

"We are very committed to the Canadian market, and believe it is important to have a significant senior management focus on this business," said Mark O'Neil, Chairman and Chief Executive Officer, DealerTrack Holdings, Inc. "Eric's experience and capabilities will be a valuable addition to the DealerAccess team."

Mr. Jacobs has served as DealerTrack Holdings, Inc.'s Senior Vice President, General Counsel and Secretary since 2002. Previous to his career at DealerTrack, he spent several years at the international law firm of O'Melveny & Myers LLP where he specialized in general corporate, mergers and acquisitions, and securities law. Prior to becoming an attorney, Eric was an audit manager at KPMG LLP. He holds a BS in Business Administration with a major in Accounting, magna cum laude, from Rider University and a JD, with honors, from the Rutgers School of Law-Newark. Eric is also a Certified Public Accountant.

"DealerAccess' growth in terms of transaction volume, number of lenders and financial results has been outstanding the past two years and I look forward to continuing this growth," said Eric Jacobs, President, DealerAccess. "We intend to continue to build our 'best in class' portal by focusing on new features and products that will enable dealers and lenders to drive more deals quickly and increase their potential profits."

DealerAccess has further expanded its management team by adding Ron Nakagawa as Director of Operations and Lindsey Brooker as Director, Marketing and Product Development. The business development team has also increased with John Henrick and Carol Pierson each joining as a Dealer Development Representative for the Manitoba and Edmonton territories, respectively.

Ron Nakagawa joins DealerAccess as Director of Operations and has over 18 years experience in the computer industry. Ron brings expertise in the design and implementation of customer centric processes. Prior to joining DealerAccess, Ron was Vice President, Operations at Selient Inc., and Vice President, Customer Center at InSystems Technologies Inc., where he was responsible for software services, front-line operations and the company's insurance industry, compliance line of business. Earlier in his career, Ron held a number of management and executive level positions in marketing, services and corporate development at Cybermation.

Lindsey Brooker joins DealerAccess as Director, Marketing and Product Development. Lindsey has over 20 years of automotive aftermarket and finance experience, having worked for leading aftermarket providers and several financial institutions in Canada and the UK. Throughout her career she has held positions in sales, marketing, product development and management. Recently, Lindsey held the position of Business Development Manager with one of the leading aftermarket providers in the power sport, marine, RV and heavy truck sectors.

John Henrick, Dealer Development Representative in the Manitoba territory, brings over 17 years of experience in sales and new business development, much of it in the automotive industry. He was previously working as a Regional Sales Manager serving automotive dealers.

Carol Pierson, Dealer Development Representative in the Edmonton territory, brings over 12 years of sales and management experience. She was previously with Mike Rosman RV sales as Business Manager, responsible for promoting extended service contracts, credit insurance and chemical products.

"I would like to personally welcome the newest members of the DealerAccess team," said Trinder. "I would also like to extend a special thank you to Allen Gerlings, who has been juggling the dual roles of Vice President, Lender & Business Development and acting Director of Operations for the past year. We are very committed to our lender relationships and believe it would be advantageous to have Allen focus extensively on those relationships and related initiatives. I look forward to sharing the successes of this team as we continue to grow."

About DealerAccess Canada Inc.

DealerAccess Canada Inc., an affiliate of DealerTrack Holdings, Inc., is a leading technology solution provider to the automotive finance sector in Canada. Its innovative portal enables dealers to connect through the internet to multiple lending institutions that provide loans and leases to buyers at the point-of-sale. DealerAccess currently offers financing from 24 national and regional lenders. DealerAccess recently released an integrated subscription-based software product that enables dealerships to capture consumer leads from their websites directly into the portal. More information on DealerAccess Canada Inc. can be found at

About DealerTrack (

DealerTrack Holdings, Inc. (NASDAQ:TRAK) is a leading provider of on-demand software, network and data solutions for the automotive retail industry in the United States. DealerTrack's online credit application processing product automates and accelerates the automotive financing process, while its integrated subscription-based software enables dealers to receive consumer leads, compare financing and leasing options, sell insurance and other aftermarket products, document compliance, and execute financing contracts electronically. Over 22,000 dealers, with more than 85% of all franchised dealers in the United States; over 250 financing sources, including nine captives and the 20 largest U.S. independents; and other service and information providers are active in the DealerTrack network.

Safe Harbor for Forward-Looking and Cautionary Statements

Statements in this press release regarding DealerAccess, the future growth of its business, the impact of executive appointments, and all other statements in this release other than the recitation of historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of DealerTrack Holdings, Inc. or DealerAccess to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements.

Factors that might cause such a difference include: increased competitive pressure from other industry participants, the inability to execute any element of DealerTrack Holdings, Inc.'s business strategy, including the retention of dealers and financing source customers; selling additional products and services to existing and new customers; DealerTrack Holdings, Inc.'s success in expanding its customer base and product and service offerings and integrating acquisitions; the impact of the automotive retail industry on DealerTrack Holdings, Inc.'s business; the impact of some vendors of software products for automotive dealers making it more difficult for our customers to use our products and services, and other risks listed in DealerTrack Holdings, Inc.'s reports filed with the U.S. Securities and Exchange Commission (SEC), including its 2005 10-K. These filings can be found on its website at and the SEC's website at Forward-looking statements included herein speak only as of the date hereof and DealerTrack Holdings, Inc. disclaims any obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances.

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