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ots Ad hoc-Service: United Internet AG <DE0005089007> United Internet founds European portal for online car trading WebAuto merges with new European auto exchange Car4you

Montabaur (ots Ad hoc-Service) -

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United Internet founds
European portal for online car trading WebAuto merges with new
European auto exchange Car4you
Together with PubliGroupe SA (Switzerland) and Eurotax Holding AG
(Switzerland) as service partner. United Internet AG has founded a
European portal for online car trading called Car4you. United
Internet and PubliGroupe each hold 45 percent in the joint venture,
the remaining 10 percent being held by Eurotax. The new Car4you brand
incorporates German car exchange WebAuto and Swiss market leader
Autoweb, together with its Austrian offshoot. The company plans to
expand quickly on the European market. A Spanish subsidiary is due to
start business within the next few days . "The company's presence on
four European markets, the strength of its three shareholders and a
car exchange concept which has been successfully positioned on
various national markets for the last three years, will immediately
make Car4you one of the leading players in web-based car trading",
explains Ralph Dommermuth, Board member of United Internet AG. The
move will greatly strengthen United Internet's standing in the
strategically important "virtual market" segment. With over 4,000
participating dealers and more than 140,000 cars, Car4you will be one
of Europe's leading online car traders right from the very start.
"This strong market position will give Car4you a realistic chance of
establishing itself as a top European player when the Internet market
begins to consolidate", says Dommermuth.
Car4you aims to provide car dealers with tailored solutions for
using the Internet as a cheap and efficient sales channel. In
addition, Car4you offers a variety of software modules for
manufacturers and importers, so that they can include important
dealer stock information on their own Internet pages - enhancing the
efficiency of both new and used car sales. Car4you will also appeal
to insurers, financial service companies and publishers, who can use
the site as a platform for contacting potential customers. "This will
create one of the most efficient car trading portals currently on the
Internet", states Dommermuth.
Car4you is not a seller of cars, but an attractive and highly
frequented platform for interested dealers, which end users can use
to search for their dream car. With its comprehensive and clearly
structured car data, Eurotax is a guarantee for quality and ensures
that every customer finds his ideal car within seconds.
United Internet AG is Europe's leading network of Internet
companies. The stock-exchange listed management holding comprises 18
innovative companies - such as AdLINK, GMX, l&l Internet,
twenty4help, gatrixx and Jobs & Adverts. They all utilize the
cooperation possibilities and synergies which the United Internet
network provides. With a total of 2,000 employees, the United
Internet companies are expected to post sales of around 500 million
DEM in 2000.
PubliGroupe is active in promoting and selling press and online
advertising space. PubliGroupe comprises around 60 companies
operating in 21 countries which generate sales of around 1.5 billion
Euro. PubliGroupe holds majority interests in companies such as
RealMedia Inc. (banner advertising) and Namics (web publishing).
With 400 employees in 25 nations, Eurotax is the leading supplier
of market information, data and systems concerned with mobility. The
company provides a host of important and practical information for
companies in the automotive sector. An important part of the
company's business concentrates exclusively on developments on the
Internet, where more and more information for end consumers is being
placed.
Contact partners for the press: Marcus Schaps United Internet AG
Phone: +49 2602/96-1076 Fax: +49 2602/96-1013 E-mail: 
mschaps@united-internet.de
Burkhard Böndel Brodeur Kohtes & Klewes Phone: +49 211/38640-0
Fax: +49 211/38640-200 E-mail:  bboendel@de.brodeur.com
End of Message 
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