HomeNet Continues Rapid Growth by Helping Dealers Avert Industry Woes

July 13th, 2009

West Chester, PA – July 13, 2009 – HomeNet, Inc. is pleased to announce that its rapid growth and success has continued, despite the economic challenges that have plagued the automotive industry, as well as the global economy as a whole.  The Pennsylvania-based automotive technology provider has reinvested substantially into its popular Inventory Online (IOL) Vehicle Marketing Suite, injecting an array of enhancements and powerful new features aimed at helping more than 17,500 dealership locations throughout the United States and Canada to be more competitive in the face of the economic headwinds.

“It’s unfortunate to see how the economic turmoil and uncertainty within our own industry has affected the livelihoods of so many hard-working people, many of which have become our loyal customers and friends,” stated HomeNet CEO Jesse Biter.  “We view the current climate as an opportunity to raise the bar and challenge our team to make substantive improvements to our products with one goal in mind – helping our customers to sell more cars online.  We’ve nearly doubled our staff in the past year and have been fortunate enough to hire some exceptional talent with valuable industry experience.  Our team is absolutely dedicated to doing our part to help dealers to survive and ultimately thrive in these difficult times.”

HomeNet's proprietary Get. Edit. Deliver. technology distributes enhanced vehicle inventory data for thousands of automotive dealers throughout the United States and Canada. HomeNet’s signature solution, the Inventory Online (IOL) Marketing Suite, is an industry-leading vehicle inventory management and marketing system. IOL’s suite of web-based applications helps dealers to efficiently manage their entire online inventory from one centralized location and distribute emotional vehicle advertisements to any online destination. The IOL system also streamlines the inventory aggregation and enhancement process, enabling vendors to better focus on lead generation for their dealership customers and not inventory management/support. As one of the most respected data aggregators in the industry, HomeNet has built successful partnerships with dozens of leading automotive companies. IOL currently processes more than 2.5 million vehicles each day for over 17,500 dealership locations.

About HomeNet, Inc.
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 AZ, FL, GA, IA, IL, TX, and UT. For more information, please visit www.homenetinc.com.

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