Navicom Has Had Immediate Success at the Barrett-Jackson Auto Auction

Navicom Has Had Immediate Success at the Barrett-Jackson Auto Auction

SCOTTSDALE, Ariz., Jan. 27 /PRNewswire-FirstCall/ -- NowAuto, Inc. (Pink Sheets: NWAU) announced today that its wholly owned subsidiary Navicom has had immediate success at the Barrett-Jackson Auto Auction. The auction that opened Wednesday is expected to bring over 185,000 attendees in a 5-day period. Navicom believes that its innovative display booth and creative marketing materials are effectively showcasing the advantages of its system over the competition. These advantages include lower price, larger range, more functionality, and an Internet-based system for subscribers to track vehicles online.

Scott Miller, CEO states, "Our goal entering the auction was to establish relationships and make quality contacts with potential customers and distributors of Navicom. The initial reaction to the Navicom product has been favorable and we believe that we will develop a tremendous contact base from our participation. We look forward to sharing additional exciting Navicom developments in the future as we are close to finalizing a number of Navicom- related transactions."

The new portable Navicom unit will be unveiled very shortly and is expected to be a revolutionary tool for law enforcement, homeland security, and other government agencies. "We have received enthusiastic interest from a number of law enforcement agencies around the country about our new portable unit," states Miller.

NowAuto also recently raised earnings expectations and expects to earn net income between $5 and $6 million or between 31 and 38 cents per share in 2005. The Company is projecting revenue for fiscal 2005 of between $25 and $30 million. The Company currently has 16 million shares outstanding and is debt- free.

About Navicom

Navicom, a subsidiary of NowAuto, has cutting-edge GPS technology that covers 98% of the United States, Mexico, and Canada. The unique Navicom technology assists in vehicle location and control. Navicom allows the subscriber to access the vehicle location via the Internet and monitor location, speed and maintenance requirements. The technology also has disabling capabilities, which stop a Navicom-equipped vehicle from starting.

About the Barrett-Jackson Show

At the January 2004 Barrett-Jackson Auto Auction new records were set and old expectations were shattered. With an impressive 185,000 in attendance, 98% of all cars were sold with a total sale value of $38.5 million. In 2005, Barrett-Jackson will accelerate into the future. With the addition of Wednesday to the auction schedule, the January Auction will now take place over five full days. More days offers more excitement, more cars, more glamour, and more opportunities. The website for details is http://www.barrett-jackson.com/ .

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.

We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.

For more information about NowAuto, Inc. please contact Scott Miller at 480-990-0980 or SMiller@NOWAUTO.com or Finn Walstad, CEO of OTCGrowth.com at 253-564-9254 or ceo@otcgrowth.com


Source: NowAuto, Inc.

CONTACT: Scott Miller of NowAuto, Inc., +1-480-990-0980,
SMiller@NOWAUTO.com ; or Finn Walstad, CEO of OTCGrowth.com, +1-253-564-9254,
ceo@otcgrowth.com

Web site: http://www.barrett-jackson.com/


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