Forward Event Stocks

[EdF]

NWAU .80 mid March 2005:

NowAuto, Inc. to Acquire One of Southwest's Largest Used Car Dealerships With $15 Million in Sales
Acquisition Will Be for All Cash and Accretive to 2005 Earnings and Expected to Double Revenue on an Annualized Basis

PHOENIX, Jan. 19, 2005 -- NowAuto, Inc. (OTC: NWAU) announced today that they signed an executed purchase agreement to acquire one of the largest independent used car dealerships in the Southwestern, US. The dealership has current sales of approximately $15 million and could reach $20 million in sales in 2005. Per the purchase contract, both parties have agreed to keep the name of the dealership confidential until the transaction is completed. The transaction will be all cash and should more than double the revenue projections of NowAuto for 2005. The acquisition is expected to close in the next 60 days. The company anticipates this to be the final acquisition before filing to become a fully reporting company.

Scott Miller, CEO states, "This acquisition gives NowAuto the size and scale to truly be a player in the Southwest's used car market. This acquisition will make NowAuto one of the top independent automobile dealerships based in the Southwest. Our employees and shareholders should be very excited about this opportunity. Once we complete the acquisition, we will file to become a fully reporting company immediately. This will be the 2nd acquisition in 2005 but this transaction is a major step toward our three-year plan to reach $100 million in annual revenue. We expect to sell 400 cars per month system wide.

"One of the questions we get asked each and every day is about the filing to become a fully reporting company. When we started this company we had a plan to hit $10 million in sales in 2005. A few months later, we are now looking at the range $30 million in sales for 2005 once this merger is completed. We have remodeled our dealerships, increased our auto inventory, and been on a marketing blitz. Once we complete this acquisition, we plan to file the Form 10 immediately. This delay, even though frustrating, has made NowAuto a much better and stronger company," continued Miller.

"This acquisition also brings over 14 years of experience in the auto industry and a very knowledgeable senior management to NowAuto, Inc. This company is a perfect fit for NowAuto's demographic. This acquisition also brings an important element of in-house auto repair, service, emissions, detailing and towing. Having these services on property will significantly cut costs and enhance productivity. The acquisition is an ideal location to service all NowAuto's dealerships," said Miller.

For questions, please contact Scott Miller at 480-990-0980 or [e-mail].

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.