SOURCE: Friendly Auto Dealers, Inc.

January 31, 2011 09:00 ET

Friendly Auto Dealers, Inc. Announces Extension of Material Definitive Agreement

LAS VEGAS, NV--(Marketwire - January 31, 2011) - Friendly Auto Dealers (PINKSHEETS: FYAD) announces an extension of the Material Definitive Agreement ("Agreement") with Splint Decisions Inc. as noted in the Company's filing on Form 8-K on January 28, 2011. The Agreement was previously announced in a press release on November 19, 2010 and in a Form 8-K filed with the Securities and Exchange Commission on November 18, 2010.

"The Material Definitive Agreement will not close by January 31, 2011 as specified in the Agreement," stated Gerry Berg, President of Friendly Auto Dealers. The Board of Directors of both Friendly Auto Dealers, Inc. and Splint Decisions Inc. agreed to extend the closing date in the Agreement to March 31, 2011.

"We are looking forward to completing the merger with Splint Decisions Inc.," Mr. Berg further stated, "and the Company continues its best efforts in this direction."

ABOUT FRIENDLY AUTO DEALERS, INC.

Friendly Auto Dealers is a start-up company incorporated on August 6, 2007, under the laws of the State of Nevada. The principal offices are located at 4132 South Rainbow Boulevard, Suite 514, Las Vegas, Nevada. The telephone number is (702) 321-6876. The fax number is (702) 939-0655.

Safe Harbor Statement

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.