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http://biz.yahoo.com/bw/050817/175325.html?.v=1

Snap 'N' Sold Issues Progress Update
Wednesday August 17, 8:30 am ET


PLANTATION, Fla.--(BUSINESS WIRE)--Aug. 17, 2005--Snap `N' Sold Corp. (Pink Sheets:SNPD - News) issued a progress update to shareholders amid a flurry of recent corporate activity. Company Chairman, James G. Grady, addressed the shareholders directly with the following statement:
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Dear Shareholders of Snap `N' Sold Corporation,

We have come a very long way in an extraordinarily short period of time. In late May of this year, we set out to create a world class company by employing a simple business concept. The idea involved taking the eBay drop store concept and coupling it with an established asset and estate liquidation, both of which would be run out of existing community-focused thrift, consignment, and Packing and shipping stores that had a long-standing community presence and history of profitability.

In just under 90 days, we have closed the acquisitions of EZ Auctions, http://www.ezauctionsandshipping, and Thrifty Brothers. We have also announced that we will be acquiring http://www.hotautoweb.com, for which we anticipate closing shortly. The HotAutoWeb business unit alone will bring Snap `N' Sold in excess of $2.5 Million in trailing twelve month sales and impressive profit margins. Additionally, we have finalized the new company name, complete with a new CUSIP number and trading symbol and announced the new management team. All the while, we have let shareholders know about some of the fantastic initiatives that we have begun and products that we have listed and are selling. From the initiation of a state-of-the-art dual retail management and eBay listing system that will be utilized across all our stores, to listing of such high value items as the $1.8 Million Land Fill in Indiana along with a bevy of classic cars and other high-end conveyance, we have shown shareholders of SNPD the path we are undertaking to attain high growth rates and profits while maintaining the highest quality service imaginable.

We now have new updates to announce. The new global Snap `N' Sold brand was released yesterday to the public through the placeholder on the Company website, http://www.snapnsold.com . This brand represents the company's unifying theme, under which we acquire existing community-based bricks-n-mortar thrift stores and packing and shipping locations and convert them into eBay drop consignment and local asset and estate liquidation offices. We are in the process of integrating the EZ Auctions website into the new Snap `N' Sold website which should be completed by the first week in September. We are close to completing the Thrifty Brothers and EZ Auctions warehouse operations into a single location. We will be announcing the investor conference call date next week and are in the process of selecting a new transfer agent that will facilitate total transparency for all shareholders. HotAutoWeb continues to perform above expectation, listing in excess of $1,000,000 in new vehicles over the past month alone.

In summation, we hope you will remain with Snap `N' Sold to enjoy the journey we are beginning, a journey that will be both monetarily rewarding for the Company, its shareholders and customers while re-integrating the notion of human interaction into our communities, online and physical alike.

Sincerely,

James G. Grady, CEO
Snap `N' Sold Corporation

About Snap `N' Sold Corp.

Snap `N' Sold Corporation is engaged in the eBay drop store industry with competitors, Las Vegas based Net2Auction Inc. (Pink Sheets:NAUC - News) and Dallas based Orbit Drop, Inc. (Pink Sheets:OBDP - News) and Auction Mills Incorporated (Pink Sheets:AUML - News). Snap `N' Sold is managing its growth through the acquisition of community-centered retail "thrift stores" that will continue operating in that business while also acting as local eBay drop store "consignment centers" and corporate and estate asset disposition offices.

Safe Harbor

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Snap `N' Sold Corp., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.



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Contact:
For Snap `N' Sold Corp., Plantation
Brass Bulls, Corp.
Investor Relations:
Marc Lovito, 866-342-2700



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Source: Snap `N' Sold Corp.