DALLAS--Aug. 22, 2006--eCarfly, Inc. (Pink Sheets: ECFL) announced early today the company has submitted a formal letter of intent to acquire eAutoDrop (www.eautodrop.com), an eBay motors listing company based in Orlando, Florida. CompleteAuto, parent company to eAutoDrop, has developed cutting edge software for creating state of the art advertisements on eBay Motors (Nasdaq: EBAY). "The acquisition of eAutoDrop would catapult eCarfly to the forefront of this cutting-edge industry and solidify a working relationship with eBay themselves," stated Desmond Milligan, eCarfly, Inc. CEO.
Founded in 2004, CompleteAuto is headquartered in Orlando, FL and is proud to have been selected by eBay, Inc. as a joint marketer. Currently there are agreements in place between eBay, Inc. and CompleteAuto. CompleteAuto offers eAutoDrop Center licensing agreements only to licensed dealerships to assist private consumers with the sale of their vehicles on eBay motors.
About eCarfly, Inc.:
eCarFly provides individuals and automotive dealers a hassle-free and cost-effective alternative to sell their vehicles while reducing to zero, traditional costs associated with the vehicle sales process! With the knowledge, experience, and understanding of the automotive industry, eCarfly knows exactly what works and what doesn`t. eCarfly is currently focusing on online vehicle auctions, personal watercraft auctions, and partnerships with companies such as AutoNation (NYSE: AN) and private individuals interested in selling their personal vehicles.
Matters discussed in this press release are "forward-looking statements." Statements describing company objectives are forward looking. Company`s plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market evaluations of its stock, which could cause actual results to differ materially from those anticipated.
Desmond Milligan, 214-292-6622