HomeNet’s Inventory Online Reaches 2.5 Million Vehicle Milestone

WEST CHESTER, PA – January 31, 2008 - HomeNet, Inc. announced today that the rapidly growing automotive technology provider has reached another significant milestone. The popular Inventory Online (IOL) marketing suite continues to outpace the competition, currently marketing more than 2.5 million vehicles each day for over 11,000 dealer locations nationwide.

“Inventory has been in our DNA for over a decade and HomeNet’s position as an industry leader is something we have earned through hard work, innovation, and an unwavering customer-first philosophy,” commented HomeNet CEO Jesse Biter. “IOL was the first system of its kind to offer the combination of flexibility and reliability that dealers need to bridge the gap between those who wanted to retain full control over their inventory and those who were working with a variety of third-party providers. Our team is committed to never being satisfied with the status quo and will work to ensure that IOL remains the premier inventory management and marketing system in the industry for many years to come.”

HomeNet’s Inventory Online (IOL) is a vehicle inventory management and marketing system, designed to help automotive dealers sell more cars online. IOL’s suite of web-based software applications streamline the process of converting raw vehicle data from the DMS (dealer management system) into consumer-friendly virtual advertisements anywhere on the Web. Complete with DMS polling, Premium VIN Enhancement, an intuitive online interface, automated distribution to 3rd-party services, and much more, IOL is the most comprehensive solution serving the automotive industry.

HomeNet, Inc. is a privately owned automotive technology provider. Founded in 1996, HomeNet's core focus is providing innovative technology solutions to help automotive dealers increase online sales. HomeNet offers its products to a variety of customers including dealers, OEMs, website providers, CRM providers, digital lot management firms, finance/leasing agents, auction agents, and more. The company is based on Christian principles and is headquartered in West Chester, PA, with satellite offices in FL, GA, IA, TN, TX, and UT. For more information, please visit www.homenetinc.com.

Media Contacts: Andy McBride and Rob Amos • 610-738-3313

Add comment January 31st, 2008