UK: Important announcement regarding the future of just-auto.com

By Press Release | 6 December 2001

Over the past two years just-auto.com has developed into one of the leading online information sources for the automotive industry, serving over 10,000 professionals each day. Recently the parent company, just-sites.com failed to secure second round funding. Despite cut-backs to reduce overheads and attempts to seek external finance, just-sites.com was put into creditors' voluntary liquidation on 30th November 2001.

However, I am pleased to announce that, prior to liquidation, an external investor, Aroq Group Limited, purchased the assets of just-sites.com - ensuring the stability and future operation of the just-auto.com web site, news and research. The management and key staff of just-sites.com have been retained by the new business which has a sound financial base requiring no further outside funding.

All customers of just-sites-branded reports, co-branded reports and subscribers to the site can rest assured that we will continue to honour our obligations to you. I am confident that we now have in place a viable business proposition for just-auto.com to continue to develop and grow.

Thank you for your custom and support.

Allan Davies, Publisher

just-auto.com Managing Editor, Dave Leggett adds: "We are absolutely committed to continuing to provide the high quality service to the global auto industry that has proved hugely popular. Our unique proposition will continue to evolve and, in many ways, we are now better placed to achieve further growth and expand our services to the industry."