Daniel Corby, 118 Group CEO launches Car Auto

Matching buyers to sellers in the used car market is the aim of the game for fast growing internet business 118 Group.

[ClickPress, Thu Jul 27 2006] 118 Group (http://www.the118group.com), the Essex-based directory company, has moved into online auto trading with the acquisition of established vehicle trading site, Car Auto (www.carauto.co.uk). Under 118 Group management the site re-launches in September 2006 with a dream car up for grabs.

Consumers can advertise their used vehicle on Car Auto’s website for a new, low one-off fee of £59.99 until it’s sold. Car Auto advertises extensively in the motoring press and the price includes free breakdown recovery assistance and warranty/ HPI check. Car Auto will even refund the fee completely if the buyer chooses to use its finance options.

Joining a dot com portfolio already comprising www.118telecoms.com (telecom reseller), www.118trades.com (trades people directory service) and www.118gethitched.com (wedding services directory), www.carauto.co.uk further fuels one of the UK’s fastest growing companies.

118 CEO Daniel Corby comments: “Car Auto already offers an immensely attractive prospect to buyers and sellers. There are some similar websites in existence, but no other offers so much for so little cost. With the new backing of 118 Group, I believe the site could become the brand leader within 18 months of re-launch.”

118 Group is well placed to enter the auto trading market, following the recent appointment of chairman Richard Allen, formerly CEO of Perry Motor Group. "The experience that Richard will bring to the business will be immense," remarks Bradley Chapman, 118 Group commercial Director.

There will be a full press and media re-launch of Car Auto in September 2006, to coincide with the new ‘56’ registration plates.

It is also anticipated that the 118 Group will be floated on AIM in 2007 / 2008 in order to fund continuing acquisitions and further growth.
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Notes for editors
118 Group was founded in 2005 by Daniel Corby and is now one of the fastest growing companies in the UK today, delivering multi million pound sales and profits. With its headquarters in Chelmsford, Essex, 118 Group Limited is a privately owned company in six trading divisions, including advertising and telecoms. It is a major employer in the area. 118 trades is one of the latest trading divisions, which is now the UK’s leading directory service of tradespeople and businesses with checkable references.

Daniel Corby was previously sales director at phones4u, the mobile phone chain, and Richard Allan was chairman of the Perry Motor Company plc - one of the UK's largest motor dealer groups - and has held non executive roles with Northumbrian Water and NHS trusts.
For further information, please contact:
Daniel Corby, CEO, 118 Group Limited
Tel: 0044 1245 422 050 / 0044 7739 737 967
Email: dan@the118group.com
Site: www.the118group.com

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