Reynolds and Reynolds and JMsolutions to Extend American Auto Exchange Solution to Reynolds Dealers
ORLANDO, Fla., Feb. 11 -- National Automobile Dealers Association Convention and Exposition, February 11, 2006 -- The Reynolds and Reynolds Company (NYSE:REY) and JMsolutions today announced that they have signed a letter of intent through which Reynolds will market the American Auto Exchange (aaXchange)) Vehicle Management System, powered by JMsolutions, to U.S. dealerships that use the Reynolds dealer management system.
The aaXchange VMS system enables dealerships to manage inventory with optimum efficiency through the creation of an Ideal Inventory Model(TM). Dealerships using the VMS are able to make fact-based appraisal decisions
o ultimately providing for faster inventory turns, fewer trade losses and greater lift in the new car side of the dealership. The aaXchange VMS also boasts a one-stop location for group trades and online auction trading, as well as a single interface to support dealerships' marketing needs.
"Once finalized, our agreement with JMsolutions will represent a significant relationship or Reynolds enabling us to bring another industry leading solution to our customers," said Scot Eisenfelder, Reynolds' senior vice president, Solutions Management, Marketing and Strategic Planning. "The American Auto Exchange solution is fundamentally a business intelligence tool. Like Reynolds business intelligence tools such as Advanced Reporting, the aaXchange® Vehicle Management System allows dealership management to make better, faster, more informed decisions."
Scott Barrett, JMsolutions president, said, "We selected Reynolds and Reynolds for their strong commitment and passion to increasing dealership profitability, as well as their industry recognized leadership and support. We are pleased to work alongside Reynolds to increase the number of dealers who can benefit from our industry-leading solution. Dealers value it because it allows them to sell more vehicles while increasing profitability through proactive inventory management. Its appraisal tools increase trade close ratios and reduce wholesale loss, while its real-time vehicle trade desk helps increase retail unit sales and profit."
About American Auto Exchange
American Auto Exchange, Inc, (aaXchange®) is a member company within JMsolutions. Headquartered in Dallas, Texas, aaXchange is an innovative automotive software development company whose primary focus is dedicated to streamlining new and used vehicle operations, inventory optimization, and vehicle purchase and disposal. aaXchange has a client base of approximately 1,000 dealerships and automotive groups nationwide. aaXchange can be reached on the Internet at http://aaxchange.com/
About JMsolutions(TM)
A division of diversified automotive company JM Family Enterprises, Inc. (JMFE), JMsolutions (http://www.jmfe-jmsolutions.com/) acquires, creates and markets innovative software systems to help automotive dealers improve operational efficiencies while maximizing sales. Building on JMFE's tradition of establishing businesses that provide premier products and services to the automotive industry and beyond, JMsolutions focuses on inventory optimization, technology integration, finance and insurance menu, dealer desking and reporting solutions. Headquartered in Deerfield Beach, FL, JMsolutions has major operations in Dallas, Texas. JM Family Enterprises, Inc., (JMFE) (http://www.jmfamily.com/), with revenues exceeding $9 billion, is ranked by Forbes as the 17th largest privately held company in the U.S. It is also ranked No. 40 by a survey in FORTUNE(R) magazine of the 100 Best Companies to Work For in America and No. 77 on the InformationWeek 500 listing of the nation's leading information technology innovators.
About Reynolds
Reynolds and Reynolds (http://www.reyrey.com/) helps automobile dealers sell cars and take care of customers. Serving dealers since 1927, it is the leading provider of dealer management systems in the U.S. and Canada. The company's award-winning product, service and training solutions include a full range of retail Web and Customer Relationship Management solutions, e-learning and consulting services, documents, data management and integration, networking and support and leasing services. Reynolds serves automotive retailers and OEMs globally through its incadea solution and a worldwide partner network, as well as through its consulting practice.
Source: The Reynolds and Reynolds Company
CONTACT: Michelle Zendah of The Reynolds and Reynolds Company,
+1-937-485-8499, michelle_zendah@reyrey.com; or Anne-Beth Nemeroff of
JMsolutions, +1-954-429-2387, Anne-beth.nemeroff@jmfamily.com
Web site: http://www.reyrey.com/
http://www.jmfamily.com/
http://www.jmfe-jmsolutions.com/
http://aaxchange.com/
