VANCOUVER, British Columbia, July 2, 2003 (PRIMEZONE) -- eDeal.net, Inc. (Pink Sheets:EDAN), an online destination for consumers and automotive professionals to obtain information on all makes of cars and trucks, today announced that it is initiating its key affiliation program.
The affiliation program will focus on developing relationships with some of the leading companies in the key areas of finance, rental, parts, and new and used automobile dealers to provide access to progressive online services.
"As we move forward, we intend to provide the best possible destination for automotive consumers and enthusiasts," commented eDeal.net, Inc. President, Ms. Terri DuMoulin. "By developing close ties with the leaders in each field we hope to endow our site with meaningful content in a growing market sector."
In 2002, new and used car sales totaled approximately $700 billion and according to a J.D. Power and Associates survey, 60% of new car buyers utilized the Internet during the buying process.
About eDeal.net, Inc.
eDeal.net, Inc. (Pink Sheets:EDAN) is a development stage company and through our website, www.edeal.net, we provide a wide range of automotive information, including maintenance and safety tips, information on how to buy and sell pre-owned vehicles, notice of safety and recalls by email alerts, information on parts and service, quotes on insurance, financing sources, automotive dealers, email alerts for service reminders, new products and accessories.
For additional information about eDeal.net, Inc., please visit our Web site at www.edeal.net or contact Terri DuMoulin at 604-659-5005.
Legal Notice Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, generally weak stock market, lack of investor interest in the Company, negative publicity, economic strength of the automotive industry, changes in environmental and vehicle-related regulations, intense competition, infringement of intellectual property rights or Internet commerce regulation, any of which may cause actual results to differ materially from those described in the statements. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-QSB and Form 10-KSB filings with the Securities and Exchange Commission.