Vehix Selects HomeNet as Automotive Inventory Partner

January 28th, 2008

Vehix Selects HomeNet as Automotive Inventory Partner

Auto dealers and consumers get access to enhanced automobile inventory features

Salt Lake City – January 28, 2008 – Vehix, the multi-platform digital automotive network, has adopted the Inventory Online (IOL) technology from HomeNet, Inc., a leading provider of vehicle inventory management and marketing solutions. Vehix dealers now utilize HomeNet’s powerful IOL system to efficiently upload vehicle listings and photos to the Vehix network. Currently, more than 3200 Vehix dealers utilize IOL to accurately display over 800,000 vehicles at www.vehix.com .

“It’s a win-win for consumers and auto dealerships,” said Derek Mattsson, Vehix CEO. “Increased inventory with detailed vehicle information and photographs makes Vehix more relevant for consumers, and HomeNet’s robust and easy-to-use inventory editing tools make it remarkably simple for dealers to work with Vehix and list automobiles for sale.”

Vehix dealers will enter IOL’s intuitive web-based editing system via the Vehix Dealer Resource Center. Dealers will have the ability to automatically upload inventory details, pricing information, and up to 27 photos per vehicle. IOL enables dealers to easily edit vehicle information and seamlessly update inventory to be instantly posted on the Vehix site. This enhancement to Vehix’s back-office technology positions Vehix to continue increasing vehicle inventory.

“Building a partnership with Vehix is a truly exciting opportunity,” said HomeNet’s CEO, Jesse Biter. “Vehix provides a valuable service for online automotive shoppers and their marketing strategy has proven very effective at maximizing brand awareness. This partnership will help Vehix continue to increase its market share while ensuring their customer’s inventory is in very capable hands.”

Vehix is a multi-platform digital automotive network designed to provide consumers with a truly one-stop automotive shopping experience. Vehix, through its unique content, inventory and advertising network, offers superior written and video content, objective third-party information and best-in-class research tools. All of Vehix's car research and purchase tools are available on multiple platforms, including the Internet, cable television, video-on-demand, and on mobile devices. Vehix launched in 1996 as an online automotive portal designed to facilitate the research and purchase processes for consumers. For more information visit www.vehix.com.

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:
Vehix, Meme Moore, 303-302-2150
HomeNet, Andy McBride and Rob Amos • 610-738-3313

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