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LexbancAG Inc Announces a B2B Digital Marketplace for the Retail Automotive Industry.

Business Editors/Automotive & Hi-Tech Writers


"Retail Automotive Exchange(TM)" raises the B2B ante and gives

22,000 Car Dealers Free Internet Access, Web Sites, Hosting, E-mail

and Consumer Referrals. Also announces as online

trade-in solution

LexbancAG Inc., announced it will launch the "Retail Automotive Exchange(TM)" (, a first of its kind business-to-business digital marketplace for retail automobile dealers., a b2b portal will enable end-to-end solutions that streamline the e-commerce process, maximizing financial and operational benefits for automobile dealers. uses a new generation of network application architecture that supports thousands of dealers at a time. Information and transactions will flow seamlessly between dealers and customers, vendors, manufacturers and other dealers. will initially feature:

1. E401 Dealer Exchange(TM) - a dynamic used vehicle auction system

with real-time prices. Order and auction style, floor plan and

transportation a click away.

2. E401 Dealer Retail(TM)- Full feature traffic manager. Collects,

tracks and manages Internet traffic from consumers, webs and

buying services.

3. E401 Dealer Dollars(TM)- a banking outlet with floor plan, retail

paper, F&I products, capital loans, brokerage and other financial


4. E401 Dealer Store(TM) - a procurement store, offering parts,

supplies and FF&E items. Catalog and auction style. Also buy/sell

surplus parts and equipment.

5. E401 Dealer Services(TM)- CRM, recruiting, training and marketing

6. E401 Dealer Data(TM)- Coming Soon, a web enabled data processing


"Our team's deep automotive experience will empower dealerships to transform the way e-business is conducted," said John Burkey, Company President. "To date dealers have been Internet customers, not participants." "Some suggest the only profitable Internet auto business is selling web sites to dealers. That's about to change and is committed to moving dealer e-commerce out of the Internet's Ice Age," will provide 22,000 dealers nationwide free Internet access (56k), web sites and site hosting, e-mail and access to consumer purchase requests.

LexbancAG also announced a revolutionary new Internet company that enables automobile purchase transactions online by eliminating future trade-in barriers. With a consumer has a guaranteed cash buyback value for as long as they own the vehicle. An end to trades online?

During the NADA Convention LexbancAG will announce major alliance, technology, marketing and content details.
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Publication:Business Wire
Date:Jan 14, 2000
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