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E-tailer asserts market leadership with the creation of a new business-to-business division -
to meet demand for the outsourcing of car order fulfilment


Leading online car retailer OneSwoop today announced the launch of a new
business-to-business service - OneSwoop Business. This service, the most advanced online
logistics and fulfilment operation in Europe, will provide channels already established in
the motor industry obvious cost synergies in the sourcing of new cars as well as
accessibility to extended markets. In addition, the service will enable the next generation
of car retailers - established multiple food and clothing retailers and well known high
street names - to source new cars from across Europe using OneSwoop's five-country dealer
network.

OneSwoop Business will manage the entire sourcing and logistics process, from initial web or
telephone order to delivery of cars direct to the dealer or end consumer. OneSwoop partners
will be able to select from a range of over 1,300 models featuring hundreds of thousands of
option combinations available at the most competitive continental price. A dedicated
OneSwoop team member will be available to retailers 12 hours a day, to handle new sourcing
requests and provide an immediate status report on the import process at each stage. The new
division will also offer support services for retailers looking to enter the car market.
These services will range from assistance with customer enquiries from OneSwoop's Customer
Contact Centre to building the retailer's web-site using the company's motor industry
expertise and online experience gathered from 15-months operating as a leader in the sector.

Andy Carroll, chief operating officer OneSwoop, commented, "Based on the proven success of
our business model, over the last few months, we have been approached by a number of online
and offline retailers to provide car order fulfilment to serve an emerging demand from
consumers. OneSwoop is ideally positioned to service these requests, as the company has a
superior network of suppliers, unrivalled logistics partnerships and transaction management
skills to efficiently deliver new models to UK retailers on demand. Therefore, the launch of
OneSwoop Business is a natural development for the company to further consolidate its
position in the automotive industry and accelerate growth, while enabling the operations of
both existing operators and new entrants to the sector."

Carroll continued, "Just as consumers have started to look towards major multiples for
branded goods and services like Levi jeans, Calvin Klein underwear, Sony electrical equipment
or even pensions, mortgages and loans, we strongly believe that the way people buy their car
is also changing. Already, car buyers are purchasing over the web, rather than simply going
to their local dealer, and consumers will increasingly look for car bargains from familiar
places - such as the local supermarket, favourite high street stores and even their
employer."

"Rather than remaining just as a specialist business-to-consumer retailer," Carroll
emphasised, "OneSwoop will increasingly develop services tailored to emerging `clicks and
mortar` markets as the online automotive sector matures to serve the needs and preferences of
all motor consumers."

OneSwoop's extensive continental operations span dealers in five countries across the EU,
including Germany, Spain, Belgium, Holland and Ireland. The company exploits the difference
in car prices across Europe to deliver cost savings to the UK's car buyers and now - for the
first time, through OneSwoop Business - to online and offline retailers, finance houses,
motoring and leisure associations and corporates.

About OneSwoop:

Launched in March 2000, OneSwoop is the leading pan-European online car retailer offering
three easy ways to buy a car - OneSwoop Now, OneSwoop Custom and OneSwoop Select. Voted
`Best place to buy a car online` by the What Car? Web Guide 2001, the company specialises in
a no haggle, no hassle service - delivering both custom and pre-configured cars directly to
customers at up to 25 per cent off UK retail prices in as little as four weeks.

OneSwoop is backed by a number of prestigious financial and strategic investors from Europe
and the US, including Insight Capital, BP, Credit Suisse and Atlas Venture. It numbers
amongst its partners such respected organisations as Fortis Bank, Marks & Spencer, SGS and
STVA (Transcars). For further information visit http://www.oneswoop.com

For Further Information:
Matt Ward/Lena Ahmed
Brodeur Worldwide
Tel: 01753 44 8875/8861
Email: mward@uk.brodeur.com / Email: lahmed@uk.brodeur.com
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