SOURCE: Exit Only, Inc.

October 15, 2008 09:00 ET

Exit Only, Inc. Announces Partnership With Thirty-Two Car Dealerships for Online Subsidiary Text4Cars.com

Deal Represents 20% Increase in Sales Inventory and Additional Revenues

SANTA MONICA, CA--(Marketwire - October 15, 2008) - Exit Only, Inc. (PINKSHEETS: EXTO) today announced that its wholly owned subsidiary, Text4Cars.com (www.Text4Cars.com), a leading mobile texting site for the sale and purchase of automobiles online, has acquired thirty-two new auto dealerships for sales postings. Management expects approximately 6,000 new vehicles for sale to be added to the website this month which will represent a 20 percent increase to inventory now listed on www.Text4Cars.com.

"The more options and partnerships for vehicles we have listed at www.Text4Cars.com for our users, the more possibility that our buyers will find the vehicle they are looking to purchase. This addition to inventory will increase our conversion rates from shoppers to purchasers and lead to increased revenue from text messages for EXTO. Our new vehicle listings, coming mainly from independent dealerships, have been rapidly increasing in the last few months. Further, the soft economy has led people to look for more cost effective ways to advertise their vehicles for sale, and www.Text4Cars.com is without a doubt, the solution for them," stated David Dion, CEO for Exit Only, Inc.

About Exit Only

Exit Only, Inc. (EXTO) operates a leading mobile texting web site specializing in the sale and purchase of new and used vehicles www.Text4Cars.Com contains a database of new and used vehicles, where sellers can add to the site and buyers can search and purchase from the site. Text4Cars.Com presently lists over 35,000 vehicles within database linking buyers and sellers of automobiles around the world. The company was incorporated in 2006 and is based in Santa Monica, California. For more information on Exit Only, Inc., please visit www.exitonlyinc.com.

Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements.

Contact Information

  • Contact:
    Exit Only Inc.
    Kyle Gotshalk
    President
    888-736-0481