CarDay Inc. (www.carday.com), the first of its kind "brick and click" online used-car exchange Web site, today announced it has signed a strategic agreement with carOrder.com, a leader in online car buying.

Under the terms of this agreement, CarDay will be a trade-in resource for carOrder.com customers and will have a link on the carOrder.com Web site. Financial terms were not disclosed.

"Our agreement with carOrder.com fits in nicely with our strategic goal of obtaining quality used vehicles from a variety of sources," said John Rines, Chief Executive Officer, CarDay Inc. "We believe this is a winning relationship, one of many strategic alliances CarDay is aggressively pursuing as we grow our business."

"By offering CarDay as a trade-in resource, we continue our mission to provide customers with a convenient, hassle-free new car purchasing experience," said carOrder.com president and co-founder Brian Stafford.

CarDay.com launched on May 1, 2000 and is the best way to buy or sell used cars. CarDay leverages the power of the Internet to help buyers buy for less than retail and sellers sell for less than wholesale. All cars are inspected, certified and warranteed for six months or 6,000 miles. A key to CarDay's success is its relationship with a select group of the best automotive dealers in the country (CarDay Certification Centers) that offer on the ground expertise in sales, service and finance.

carOrder.com allows consumers to purchase a new car online from the comfort of their home or office. At the carOrder.com Web site, consumers can instantly research, configure, price, finance and order their new automobile entirely online. Customers secure their orders with a refundable credit card deposit and the car is delivered to their home or office.

CarDay offers carOrder.com customers wishing to sell their used vehicles an alternative to traditional methods. Under this agreement carOrder.com will provide its customers an avenue for the sale of their automobile through CarDay's used car exchange, a hassle-free, secure and proven method of selling or buying quality preowned vehicles.

"This agreement maximizes the resources of both companies," said Joe Shaker, president and chairman, CarDay Inc. "carOrder.com has proven itself to be a leader in the online sale of new cars and CarDay is an innovator and leader in the sale of pre-owned vehicles. This is a perfect opportunity to offer our respective customers the choices and strengths of both companies."