Scott and her leadership team will unify EBlock into a single marketplace bringing land and technology together.

TORONTO, ON, February 16, 2023 - E Automotive Inc. d/b/a E INC (TSX: EINC) (the "Company" or "E INC") and EBlock, an E INC brand, today announced changes to their leadership team, promoting Lisa Scott from Chief Revenue Officer to President of EBlock. This move is intended to help the Company create a unified land and technology leadership structure designed to keep the Company agile and focused on delivering on its land-meets-technology vision.

“Our goal is to create a single marketplace that brings land and technology together so dealers can transact where and how they prefer. Since Lisa joined the Company one year ago, she has been laser-focused on building a strong team to deliver on this goal. She’s been instrumental in bringing our land-meets-tech vision to life from our operations and services to our best-in-class digital platform. This move to President is a natural progression for her and the Company to take the next leap,” said E INC CEO, Jason McClenahan. “The timing is perfect, considering we’ve just expanded our presence through the acquisition of Houston Auto Auction earlier this year, and as we continue to build our presence in the Louisiana and Michigan markets.”

Prior to joining E INC, Ms. Scott served as the President of PAR North America, a leading nationwide provider of vehicle transition services for over four years, and she has also served as Chief Client Officer at ADESA Canada. Ms. Scott is recognized as a highly skilled, knowledgeable, and visionary leader with a proven track record of motivating her team and delivering extraordinary results in all aspects of the automotive business, professional auctioneering, and auction management businesses.

“I am thrilled to be taking on this new role in such a dynamic company,” Scott said. “Our culture, technology, and team are truly unique to this industry and I know we will continue to add value to our partners in the future. EBlock is an extremely viable solution and I am committed to strengthening and refining our offerings in different wholesale verticals as well as introducing our first-to-market solution, LiveLanesTM.”

Enabled by LiveLanes, EBlock will be the industry’s only combined auction platform bringing together digital and physical inventory. This innovation allows dealers to buy and sell onsite and offsite inventory in the same auction event.

E INC's overarching land-meets-tech strategy consists of acquiring profitable physical auction assets in the company's focused regional markets and integrating them onto the EBlock digital wholesale marketplace platform. EBlock's dealer-to-dealer digital marketplace expands and enhances the reach of a physical auction to attract more sellers and buyers across a broader market. Connecting physical auctions and digital auctions across one single platform will create a network of logistics hubs and improve the flexibility offered to customers to do business where and how they prefer it.

About EBlock

EBlock, an E INC brand, connects land and technology through a real-time dealer-to-dealer digital auction platform that allows dealers to buy and sell cars at EBlock physical auction locations and online in a single auction experience. With set auction times, run lists, and cars bought and sold in 60-seconds, EBlock's platform simulates the physical auction environment with a powerful end-to-end experience.

Whether physically or digitally, EBlock empowers today’s most innovative dealerships and wholesalers to buy and sell inventory in less time.

EBlock is headquartered in Toronto, Ontario and Burlington, Vermont. Find out more about EBlock at eblock.com.

About E INC

E INC's mission is to optimize the online vehicle buying, selling, and management experience for automotive dealers and consumers. EINC has a digital platform (the "Platform") that provides automotive dealerships with access to an online wholesale auction marketplace where they can purchase or sell vehicles to other dealers, as well as access innovative software solutions to support dealers' digital retailing and inventory management. Access to E INC's Platform is complemented by ancillary service offerings to assist dealers with supplementary auction related needs, including driving consumer traffic to their digital properties and optimizing other business processes. E INC's digital wholesale marketplace goes to market under the brand EBlock, and E INC's digital retail suite of products goes to market under the brand EDealer.

Forward Looking Information

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws, including statements regarding the Company's growth goals and expansion of its Platform. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "an opportunity exists", "budget", “goal”, “continue”, "scheduled", "estimates", “expand”, "prospects", "strategy", "intends", "anticipates", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or, "will", "occur" or "be achieved", and similar words or the negative of these terms and similar terminology. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information.

Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. This forward-looking information is based on our opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks discussed under the "Risk Factors" section of our annual information form for the year ended December 31, 2021,, which is available under our profile on SEDAR at www.sedar.com. If any of these risks or uncertainties materialize, or if the opinions, estimates, or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information.

There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

SOURCE E Automotive Inc.

For further information: Media Contact: Michelle Besaw-Parks, Marketing Director | michelle.besaw-parks@e.inc | (833) 817-7247

Leading dealer-to-dealer digital automotive auction acquires Houston Auto Auction - expanding US footprint in Gulf State Region

E Automotive Inc. d/b/a E INC (TSX: EINC) (the "Company" or "E INC") and sub-brand EBlock today announced the acquisition of Houston Auto Auction, Inc. (“Houston Auto Auction”), a Houston-based independent auction marketplace that specializes in commercial sales.

The acquisition is another strategic step for EBlock in executing against its ‘land-meets-tech” strategy across North America. In this model EBlock’s dealer-to-dealer digital marketplace expands and enhances the reach of a physical auction to attract more sellers and buyers across a broader market. EBlock is creating one marketplace bringing land and technology together and providing customers with one convenient, consistent, and connected experience.

The acquisition of HAA is the fourth physical auction acquisition for EBlock, adding to the network of logistics hubs which improves the flexibility offered to customers to do business where and how they prefer it.

“The acquisition of Houston Auto Auction represents our first asset in Texas, the second largest vehicle resale market in the U.S. This acquisition, together with our Louisiana asset, ties together two strategic local markets in the Gulf State region as we continue to build scale and strengthen our footprint in the area,” said Jason McClenahan, President and CEO of E INC - the parent company of EBlock. “Houston Auto Auction’s focus on commercial sales opens new opportunities for us to service commercial fleet customers. At the same time, we believe our technology, experience and capabilities with the dealer market can grow their market share. This acquisition allows us to further expand our platform and enhance our customer experience and Houston Auto Auction shares that vision.” 

Houston Auto Auction is a full-service facility, with reconditioning, title, and transportation services in addition to their wholesale auctions that take place every Wednesday. The auction has a large focus on commercial accounts with a specialization in fleet and repossession vehicle sales. The company also has a public auction offering through its General Services Administration (GSA) auction. With 6 lanes and a facility covering 25 acres, Houston Auto Auction complements their robust offerings with a customer-service focus, treating every customer and transaction with the mindset that they have “skin in the game.” 

“We’ve built a successful book of business based on our commitment and dedication to customers and our ability to provide them exceptional service,” said Tim Bowers, President and General Manager of Houston Auto Auction. “We see these same values in E INC. Their EBlock platform meets customers where they are and provides them with greater flexibility to transact across a broader market. As part of the EBlock platform, we’ll be able to bring customers new digital options and products that meet their needs which will further strengthen our long-standing customer relationships and continue to grow within the Greater Houston Area.” 

###

About EBlock

EBlock, an E INC brand, connects land and technology through a real-time dealer-to-dealer digital auction platform that allows dealers to buy and sell cars at EBlock physical auction locations and online in a single auction experience. With set auction times, run lists, and cars bought and sold in 60-seconds, EBlock's platform simulates the physical auction environment with a powerful end-to-end experience.

Whether physically or digitally, EBlock empowers today’s most innovative dealerships and wholesalers to buy and sell inventory in less time. 

EBlock is headquartered in Toronto, Ontario and Burlington, Vermont. Find out more about EBlock at eblock.com.

About E INC

EBlock’s publicly traded parent company, E INC, is an automotive technology company on a mission to optimize the online vehicle buying, selling, and management experience. E INC is connecting the automotive wholesale and retail experiences—two worlds that have historically been kept apart. E INC’s brands and their technologies make it easy for a vehicle to move between buyers and sellers throughout its entire ownership lifecycle.

About Houston Auto Auction

Houston Auto Auction (HAA) is a family owned, independent auto auction that has been in business since 1964. HAA is part of the ServNet Auction Group. HAA has long been known for specializing in “Fleet” sales and providing exemplary customer service to both commercial and repo accounts, many of whom have sold with HAA for over 30 years. Houston Auto Auction has partnered up with industry leaders to provide customers with a large and diverse selection of vehicles. Whether you want to buy or sell a personal vehicle, or want to add to your company's fleet, you can do so at Houston Auto Auction.

Forward Looking Information

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws, including statements regarding: integrating Houston Auto Auction’s business; and future expansion and growth. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "forecasts", "projection", "prospects", "strategy", "intends", "anticipates", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or, "will", "occur" or "be achieved", and similar words or the negative of these terms and similar terminology. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information.

Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. This forward-looking information is based on our opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the risk that the Houston Auto Auction business will not perform in accordance with expectations and past history; the risk that Houston Auto Auction may not be efficiently integrated or that synergies will not be realized; and those other risks discussed in greater detail under the "Risk Factors" section of our annual information form prospectus, which is available under our profile on SEDAR at www.sedar.com. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

Media Contact: Michelle Besaw-Parks, Marketing Director | michelle.besaw-parks@e.inc | (833) 817-7247

Leading dealer-to-dealer digital automotive auction moving to summer hours in support of their mission to respect customers’ time. 

TORONTO, ON, June 21, 2022 - EBlock’s auction platform was built by buyers and with buyers in mind, creating an experience that prioritizes dealers’ time above all else. EBlock auctions have set starting and ending times to allow dealers to plan and prep around a specific schedule, avoiding the need to spend the whole day watching phones or computer screens waiting for the right listings to appear.

The result of this philosophy, and the corresponding product development strategy, shines through in a recent survey conducted by the National Research Group. In this survey of 100 dealers across Canada, EBlock emerged as the clear leader amongst digital auction providers in allowing dealers to bid and buy on their own schedule*, surpassing the next highest auction provider by 17 percentage points.

 That value was a key driver in EBlock’s decision to move its Eastern Canada Live Auction to summer hours beginning in July.

“We understand and respect our customers' time,” said Lisa Scott, Chief Revenue Officer at EBlock. “And we pride ourselves on great customer service and being proactive in meeting customer needs. Moving our Eastern Canada Live Auction from a 1:30pm start time to 10:30am is an example of delivering on both of those values. Due to the volume of consignment, our 1:30 Eastern Auction was running into the precious evening hours. With this change, our customers can continue to buy and sell inventory on our best-in-class platform, while getting back to a better work-life balance.”

EBlock’s Eastern Canada Live Auction features thousands of units running in virtual lanes every Tuesday, Wednesday, and Thursday. With a run list available 24 hours in advance and a set starting time, dealers can plan ahead to make the most of their time and their investment.

The results from the National Research Group survey also placed EBlock as the clear leader in offering proactive account management.

“What’s nice about doing business with EBlock is that they are laser-focused on doing the right thing for the customer,” said David Colquitt of Campbell Ford Sales. “They are industry experts and often bring insight into how we can better approach our wholesale strategy. They also listen to their customers, creating a digital auction environment that works with a dealerships’ busy schedule. Knowing that they’re customer-service driven makes doing business with them a no-brainer.”

About EBlock

EBlock, an E INC brand, provides a real-time dealer-to-dealer digital auction empowering today’s most innovative dealerships and wholesalers to buy and sell inventory in less time. With set auction times, run lists, and cars bought and sold in 60-seconds, EBlock’s digital platform simulates the physical auction environment with a powerful end-to-end experience in a completely digital format. Find out more about EBlock at eblock.com.

ABOUT NATIONAL RESEARCH GROUP

National Research Group (NRG) is a leading global insights and strategy firm at the intersection of entertainment and technology. Rooted in four decades of industry expertise, the world’s leading marketers turn to us for insights into growth and strategy for any content, anywhere, on any device.

*Data provided by National Research Group’s customer brand health tracker among 100 Canadian dealers.

Leading dealer-to-dealer digital automotive auction expands U.S. footprint along Gulf Coast, building the connection from the western territory to the south-central region. 

TORONTO, ON, June 1, 2022 - E Automotive Inc. d/b/a E INC (TSX: EINC) (the "Company" or "E INC") and sub-brand, EBlock, announced today that it has acquired Louisiana's 1st Choice Auto Auction (LAFCAA), an independent auction marketplace that has historically transacted over 15,000 vehicles annually. LAFCAA is a 34-acre top-tier auction facility located in Hammond, Louisiana, 60 miles north of New Orleans.

“The acquisition of Louisiana’s 1st Choice is another example of us executing our land-meets-technology strategy. This acquisition supports the launch of the EBlock platform in the U.S. Southeast market which we announced earlier this year,” said Jason McClenahan, President and CEO of E INC. “The addition of physical auctions to our digital dealer-to-dealer platform is a natural extension of our commitment to supporting the evolving needs of our dealer partners. By connecting physical auctions and digital auctions, we are creating a network of logistics hubs that will improve our ability to serve our customers and give them the flexibility to do business where and how they prefer it.”

Founded in 2002, LAFCAA is a recognized leader in the Gulf States Region, with a stronghold in Louisiana. The LAFCAA facility sits on 34 acres, providing the efficiency and accommodations for inventory, while also delivering a digital-friendly experience for dealers looking to expand their inventory strategy. EBlock intends to integrate LAFCAA’s facility, seasoned team, and strong customer base into its growing U.S. marketplace.

“Louisiana’s 1st Choice is a dealer-focused business with an experienced, forward-thinking team that is excited about the digital evolution in the automotive wholesale industry,”' McClenahan said. “LAFCAA’s Gulf Coast location enables EBlock to expand its digital dealer-to-dealer marketplace in the southern United States.”

“EBlock and Louisiana’s 1st Choice share a focus on delivering excellence - whether that is for the customers we serve, the people we employ, or the solutions we invest in,” said LAFCAA’s managing partner John Poteet. “We’ve always seen EBlock as a leader in empowering physical auctions to embrace digital efficiencies to meet our customers where they are and how they want to do business. We are excited to join the EBlock team and continue to build on the momentum.”

This partnership will further EBlock’s commitment to simplifying and streamlining the wholesale experience by connecting industry-leading technology with full-service physical auction locations.

EBlock is ranked as one of the fastest growing technology companies in North America, earning a spot on the Deloitte Technology Fast 500 and holding in the top 50 on the Deloitte Technology Fast 50 in Canada.

About EBlock

EBlock, an E INC brand, provides a real-time dealer-to-dealer digital auction empowering today’s most innovative dealerships and wholesalers to buy and sell inventory in less time. With set auction times, run lists, and cars bought and sold in 60-seconds, EBlock’s digital platform simulates the physical auction environment with a powerful end-to-end experience in a completely digital format. Find out more about EBlock at eblock.com.

About EInc

EBlock’s publicly traded parent company, E INC, is an automotive technology company on a mission to optimize the online vehicle buying, selling, and management experience. E INC is connecting the automotive wholesale and retail experiences—two worlds that have historically been kept apart. E INC’s brands and their technologies make it easy for a vehicle to move between buyers and sellers throughout its entire ownership lifecycle.

About Louisiana’s First Choice Auto Auction

Louisiana’s 1st Choice Auto Auction is located in Hammond, Louisiana. Led by Managing Partner John Poteet, the team of independent auction professionals serves the entire Gulf Coast Region and a national online buying base. Dealers gather every Tuesday at 8:45 a.m. in six lanes and online to bid on a consignment of over 550 vehicles weekly.

Forward Looking Information

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws, including statements regarding integrating LAFCAA’s business into EBlock's existing U.S. marketplace and future expansion and growth. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "forecasts", "projection", "prospects", "strategy", "intends", "anticipates", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or, "will", "occur" or "be achieved", and similar words or the negative of these terms and similar terminology. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. 

Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. This forward-looking information is based on our opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the risk that the LAFCAA business will not perform in accordance with expectations and past history; the risk that LAFCAA may not be efficiently integrated or that synergies will not be realized; and those other risks discussed in greater detail under the "Risk Factors" section of our annual information form, which is available under our profile on SEDAR at www.sedar.com. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information.

There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

Media Contact:

Michelle Besaw-Parks, Marketing Director | michelle.besaw-parks@e.inc | (833) 817-7247

Lisa Scott joins E INC to deliver on its commitment to help dealers, expand the business and accelerate its revenue and growth goals throughout North America. 

TORONTO, ON, March 16, 2022 - E Automotive Inc. d/b/a E INC (TSX: EINC) (the "Company" or "E INC") is pleased to welcome Lisa Scott as the Company’s Chief Revenue Officer. 

An award-winning and highly experienced senior executive, Ms. Scott brings more than 25 years of leadership experience in the automotive industry. She joins the executive team to help the Company realize its high growth potential as it rapidly expands its digital wholesale EBlock platform across the United States. 

“Lisa brings an extensive depth of experience, relationships and passion for the industry,” said Jason McClenahan, President and CEO of E INC. “She is a driven leader and will be a strong addition to our experienced team, as we deliver on our vision of providing best-in-class technology supporting our dealer partners through this dynamic time for our industry.” 

Prior to joining E INC, Ms. Scott served for over 4 years as the President of PAR North America, a leading nationwide provider of vehicle transition services. She has also served in a variety of senior leadership roles within ADESA Canada, including Vice President of Sales and Marketing for ADESA, Openlane and Atlantic Operations, culminating in her role as the Chief Client Officer. Ms. Scott is recognized as a highly skilled, knowledgeable and motivational visionary leader with a proven track record of delivering extraordinary results in all aspects of the automotive business, professional auctioneering, and auction management.

“I’m thrilled to be joining E INC as the company executes its growth strategy across the United States,” says Ms. Scott on her decision. “It’s exhilarating to join such a fast-growing technology company that is focused on providing solutions for dealers both in Canada and the U.S. as it continues to grow its business during unprecedented times. E INC has an incredible team, and I look forward to digging in to help them build the team and accelerate their revenue and growth goals.”

In addition to her professional experience, Ms. Scott has served on several industry boards, including Chair of the Canadian Committee of the National Auto Auction Association (NAAA) and co-chair of the Canadian chapter of the International Automotive Remarketers Alliance (IARA). She has been recognized with several awards, including Auto Remarketing’s Women in Remarketing award, the International Automotive Remarketing Alliance (IARA) Builders Award, and the Outstanding Contribution to the Canadian Automotive Industry award

About EBlock

EBlock, an E INC brand, provides a real-time dealer-to-dealer digital auction empowering today’s most innovative dealerships and wholesalers to buy and sell inventory in less time on a platform that creates the same energy and urgency of a live auction. With set auction times, run lists, and cars bought and sold in 60-seconds, EBlock simulates the physical auction environment with a powerful end-to-end experience in a completely digital format. Find out more about EBlock at eblock.com.

About E INC

EBlock’s publicly-traded parent company, E INC, is an automotive technology company on a mission to optimize the online vehicle buying, selling, and management experience.

Forward Looking Information

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws, including statements regarding the Company’s revenue and growth goals expanding platform. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "forecasts", "projection", "prospects", "strategy", "intends", "anticipates", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or, "will", "occur" or "be achieved", and similar words or the negative of these terms and similar terminology. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. 

Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. This forward-looking information is based on our opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks discussed under the "Risk Factors" section of our initial public offering prospectus, which is available under our profile on SEDAR at www.sedar.com. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information.

There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. 

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

Media Contact: Michelle Besaw-Parks, Marketing Director | michelle.besaw-parks@e.inc | (833) 817-7247

Toronto, ON, March 8, 2022 – E Automotive Inc. d/b/a E INC (TSX: EINC) (the “Company” or“E INC”) today announced that it will release its 2021 fourth quarter and year end financial results by press release on Tuesday, March 22, 2022, after markets close. The Company will subsequently hold a conference call that same day, Tuesday, March 22, 2022, at 5:00 pm Eastern Time hosted by Mr. Jason McClenahan, President & Chief Executive Officer and Mr. Andy Bohlin, Chief Financial Officer. A question and answer session will follow the corporate update.

Conference Call Details

• Date: Tuesday, March 22, 2022

• Time: 5:00pm ET

• Dial-in number: (647) 484-0478 or (888) 256-1007

• Tape replay: (647) 436-0148 or (888) 203-1112

• Reference number: 4704521 

A link to the live audio webcast of the conference call will also be available on the events page of the investors section of E INC’s website at e.inc or by using the link: https://produceredition.webcasts.com/starthere.jsp?ei=1535491&tp_key=218d85ba22. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to hear the webcast. An archived webcast will be available for one year.

About E INC

E INC's mission is to optimize the online vehicle buying, selling, and management experience for automotive dealers and consumers. E INC has a digital platform (the "Platform") that provides automotive dealerships with access to an online wholesale auction marketplace where they can purchase or sell vehicles to other dealers, as well as access innovative software solutions to support dealers' digital retailing and inventory management. Access to E INC's Platform is complemented by ancillary service offerings to assist dealers with supplementary auction-related needs, along with driving consumer traffic to their digital properties and optimizing other business processes. E INC's digital wholesale marketplace goes to market under the brand EBlock, and E INC's digital suite of retail products goes to market under the brand EDealer.

For further information contact: Andy Bohlin, Chief Financial Officer 802-734-4475

Canada’s leading dealer to dealer digital automotive auction creates the first end-to-end, cross-border solution, along with launching EBlock’s Midwest marketplace. 

TORONTO, ON (February 22, 2022): E Automotive Inc. d/b/a E INC (TSX: EINC) (the "Company" or "E INC") and sub-brand, EBlock - announced today that it has acquired FastLane Auto Exchange (“FastLane”), an independent dealer only auction marketplace that transacted approximately 24,000 vehicles in 2021. FastLane is a midwest-focused, full-service auction marketplace located in Mount Morris, Michigan, 75 miles from Detroit and the Canadian border.

“The acquisition of FastLane Auto Exchange uniquely strengthens our wholesale marketplace, EBlock, in both Canada and the U.S., allowing it to offer the only cross-border dealer to dealer digital auction platform with an end-to-end solution for cross-border buyers.” said Jason McClenahan, President and CEO of E INC. “FastLane’s relentless focus on its clients' changing needs is demonstrated by its strong hold in the U.S. Midwest. The acquisition expands our platform and enhances the customer experience and services we can offer as we continue to develop innovative and streamlined auction solutions.”

Nearly 1 in 5 vehicles within EBlock’s Canadian marketplace crosses the border to the U.S. and is re-sold through auctions, making FastLane’s physical location prime real estate for enabling a seamless end-to-end experience for our buyers to resell vehicles once they have crossed the border. E INC management expects the transaction to be accretive to E INC immediately based on the margin profile of FastLane. EBlock intends to integrate FastLane’s 70-acre facility, seasoned team and strong existing customer base as its initial foothold in the U.S. Midwest market. FastLane will be the anchor asset for EBlock to expand its reach by enabling digital dealer to dealer buying and selling, positioning EBlock for further expansion in the U.S. Midwest including the IA, IL, IN, MI, MO, MN, OH, WI markets and beyond.

“EBlock and FastLane share a dedication to the customers we serve, making this a big win for all,” said FastLane’s managing partner Greg Price. “EBlock has a proven track record for supporting the dealers’ culture within the brick-and-mortar facility and empowering them with a digital marketplace that replicates live physical auctions in a completely virtual format. We are excited to join EBlock’s highly experienced team and look forward to providing new digital options for our customers to accelerate growth in our market.”

EBlock is ranked as one of the fastest growing technology companies in North America, earning a spot on the Deloitte Technology Fast 500 and holding in the top 50 on the Deloitte Technology Fast 50 in Canada.

About EBlock

EBlock, an E INC brand, provides a real-time dealer-to-dealer digital auction empowering today’s most innovative dealerships and wholesalers to buy and sell inventory in less time on a platform that creates the same energy and urgency of a live auction. With set auction times, run lists, and cars bought and sold in 60-seconds, EBlock simulates the physical auction environment with a powerful end-to-end experience in a completely digital format. Find out more about EBlock at eblock.com.

About E INC

EBlock’s publicly-traded parent company, E INC, is an automotive technology company on a mission to optimize the online vehicle buying, selling, and management experience.

About FastLane Auto Exchange

FastLane Auto Exchange is an independent dealer only automotive auction located on a 70-acre facility in Mount Morris Michigan serving the Midwest and beyond. Offering 8-lanes of auction activity, a state-of-the-art reconditioning facility, mechanical services, and an international title and remarketing program, FastLane is a full-service auction house for both US and Canadian clients. Through a family of previous auction owners, FastLane Auto Exchange has been the fastest growing auction in the Midwest over recent years and will celebrate its 44th anniversary in 2022. The family, customer-centric culture of FastLane Auto Exchange is apparent in a tenured, experienced staff of professionals.

 Forward Looking Information

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws, including statements regarding; integrating FastLane’s business as EBlock's initial foothold and anchor asset in the U.S. Midwest market; future expansion and growth; and the extent to which the transaction is expected to be accretive. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "forecasts", "projection", "prospects", "strategy", "intends", "anticipates", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or, "will", "occur" or "be achieved", and similar words or the negative of these terms and similar terminology. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. 

Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. This forward-looking information is based on our opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the risk that the FastLane business will not perform in accordance with expectations and past history; the risk that FastLane may not be efficiently integrated or that synergies will not be realized; and those other risks discussed in greater detail under the "Risk Factors" section of our initial public offering prospectus, which is available under our profile on SEDAR at www.sedar.com. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information.

There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

 Media Contact: Michelle Besaw-Parks, Marketing Director | michelle.besaw-parks@e.inc | (833) 817-7247

Virtual marketplace that simulates energy of a live auction with digital efficiencies available to thousands of dealerships

Burlington, VT - February 10, 2022 – EBlock, a leading digital automotive auction, today announced the expansion of its North American presence to serve all automotive dealerships located in the Southeastern United States - spanning AL, FL, GA, KY, NC, SC, TN, VA, WV - beginning February 22, 2022.

EBlock’s real-time virtual auction empowers today’s most innovative dealerships and wholesalers to buy and sell inventory in less time on a platform that creates the same energy and urgency of a live auction. With set auction times, run lists, and cars bought and sold in 60-seconds, EBlock simulates the physical auction environment with a powerful end-to-end experience in a completely digital format.

“Vehicle inventory is tighter and more expensive than ever. Dealers are searching for quicker ways to buy and sell inventory to keep up with demand,” said Jason McClenahan, President and CEO of E INC, the parent company of EBlock. “Dealers need a digital auction partner with set auction times that work into their busy schedules because they can't afford to be tied to the screen following an auction all day long. Drawing on our experience in western U.S. and Canada we are equipped to deliver a fast and efficient experience that saves dealers time and money while still preserving the energy of the live auction they know and love.”

EBlock’s user-driven interface includes intuitive features and services built for buyers, enabling dealers to access more inventory in less time, no matter where they are:

• Set auction times with run lists allow buyers and sellers to get organized;

• Cars are bought and sold in 60 seconds;

• Powerful filter, search and notifications connect buyers with the right inventory; and

• Saved searches, watchlists, autobids and multiple virtual lanes make buying fast and efficient.

“We utilize EBlock for our wholesale needs,” said Mark Zigler, Pre-Owned Director at Thompson’s Family of Dealerships, based in California. “We value the ease and simplicity of the platform and professionalism of the entire team. On-site, accurate condition reports, and zero risk. We save thousands every month on transport costs and sale fees.”

Additionally, EBlock provides a comprehensive assurance program, detailed condition reports, full transparency of who is selling and bidding, so dealers can transact with confidence. That, combined with end-to-end auction logistics, deliver a frictionless experience for buyers and sellers. 

In celebration of the launch, dealers who buy and sell during the first month of EBlock’s Southeastern U.S. auctions will earn chances to win premium prizes along with special incentives.

 About EBlock

Based in Burlington, VT, EBlock is ranked as one of the fastest growing technology companies in North America, earning a spot on the Deloitte Technology Fast 500 and holding in the top 50 on the Deloitte Technology Fast 50 in Canada. EBlock’s publicly-traded parent company, E INC, is an automotive technology company on a mission to optimize the online vehicle buying, selling, and management experience.

Media Contact: Michelle Besaw-Parks, Marketing Director | michelle.besaw-parks@e.inc | (833) 817-7247

Partnership increases dealer inventory options and borrowing power

E Automotive Inc. d/b/a E INC (TSX: EINC) (the "Company" or "E INC") and EBlock, the leading digital automotive auction marketplace and a sub-brand of E INC, today announced a key partnership with Kinetic Advantage, an industry leader in floorplan technology. The agreement integrates Kinetic Advantage into the EBlock checkout.

The scarcity of automobiles is causing dealers to search for new sources to replenish their inventory. A partnership with EBlock, a well-established fully digital marketplace in Canada and a new player in the U.S marketplace, opens up those sourcing opportunities for Kinetic customers. Kinetic, a strong player in the U.S. floorplan marketplace, becomes a strong source of buying power for EBlock U.S. customers. 

"This partnership is a win for our customers in the U.S. Kinetic is a strong floorplan and capital funding source which increases the capabilities of our customers to source the much-needed inventory they seek," said Jason McClenahan, President, and CEO of E INC.

"Kinetic is very pleased to partner with EBlock as a source for inventory to our independent dealers in the U.S. EBlock has a proven track record in Canada and is experiencing exceptionally strong growth in the U.S. Coupled with Kinetic's fast growth and best-in-class service I expect our dealers will greatly benefit from this new partnership," said Marty McFarland, President and CEO of Kinetic Advantage. 

EBlock is a brand of parent company E INC. EBlock's online auction empowers dealers, wholesalers, and independent auctions to buy and sell inventory in less time and in a real-time virtual auction that creates the sense of urgency and energy found in a live auction. 

Kinetic Advantage is a dynamic floorplan company led by trusted industry veterans. Its core focus is helping its independent dealer partners and team members succeed while providing them with an exceptional and engaging user experience. Kinetic is committed to forging strong partnerships through transparent communication and simple, innovative solutions. Kinetic provides its partners and team members with the support and tools they need to grow throughout their journey.

About E INC. 

E INC's mission is to optimize the online vehicle buying, selling, and management experience for automotive dealers and consumers. E INC has a digital platform (the "Platform") that provides automotive dealerships with access to an online wholesale auction marketplace where they can purchase or sell vehicles to other dealers, as well as access innovative software solutions to support dealers' digital retailing and inventory management. Access to E INC's Platform is complemented by ancillary service offerings to assist dealers with supplementary auction-related needs, along with driving consumer traffic to their digital properties and optimizing other business processes. E INC's digital wholesale marketplace goes to market under the brand EBlock, and E INC's digital suite of retail products goes to market under the brand EDealer.

Emma Weisberg Joins Parent Organization of Canada's Fastest Growing Automotive Company

E Automotive Inc. d/b/a E INC (TSX: EINC) (the "Company" or "E INC") today named its first Chief Marketing Officer, Emma Weisberg. Bringing nearly two decades of experience leading marketing and sales for global brands, Weisberg is joining the company's executive leadership team to bring a forward-thinking approach on marketing strategies, rigorous analytics, and purpose-driven communications in support of the company's strategic plan.

"E INC is an innovative technology company transforming the way automotive dealers buy, sell and manage inventory and thus impacting the consumer car shopping experience as well," said Weisberg. "I look forward to bringing my background in the tech sector to help build and accelerate the brand to achieve its full potential."

Weisberg spent eight years working her way up the marketing ranks at Google before leaving to found Blinkbuggy, a mobile app startup that raised more than $1 million and achieved market penetration in the top 100 markets nationwide. Weisberg then joined digital media technology company Yieldbot as the senior vice president of marketplace strategy before being named global CMO of Waze Ads and head of consumer marketing for Waze North America, a community-driven GPS and navigation app, where she drove global business marketing and brand building. 

As the publicly-traded parent company of EDealer and EBlock, E INC is an automotive technology company on a mission to optimize the online vehicle buying, selling, and management experience. Ranked as one of the fastest growing technology companies in North America, EBlock is the premier remarketing platform for dealers, wholesalers, and independent auctions, providing a tech-first platform with live virtual lanes, set auction times, and an exciting, uncompromised auction experience. EDealer is Canada's largest auto dealer website provider and a proven leader in automotive inventory syndication, providing technology that minimizes time required by dealers to reach customers with consistent, accurate, merchandised inventory.

"Emma is a highly-experienced and talented marketer with a proven track record of building and modernizing some of the world's largest brands," said Jason McClenahan, CEO of E INC. "With her extensive brand transformation experience and data-driven background, we are confident she will strengthen and propel E INC -- and thus EBlock and EDealer -- to the next level."

Weisberg serves as a board member of WhyHunger and is a mentor to seed-level ventures through Entrepreneurs Roundtable Accelerator and to young professionals through Bonsai. She has presented to audiences worldwide including at One-to-One E-Commerce in Monaco, Coca Cola's Customer Summit in Atlanta, and Adweek LATAM in Mexico and has been covered in leading publications such as Bloomberg, Forbes, Inc. Magazine, and TechCrunch.

EBlock, a leader in the automotive auction industry and sub-brand of parent company, E INC, today announced the acquisition of TradeHelper, a dealer-to-dealer digital auction marketplace, along with its parent company, ESP Auctions, an independent auction located in Montreal. 

“This move allows EBlock to expand and strengthen our position in our fastest growing market of Quebec, a vital region of Canada,” said Jason McClenahan, president, and CEO of E INC. “By bringing on more than 100 experienced bilingual team members we can better service our customers in their language of choice. And, by adding 24,000 wholesale transactions and thousands of marketplace participants we will not only strengthen our position in Quebec but we will have a major impact for all our dealers in Eastern Canada.”

ESP Auctions, a second-generation family business, brings 35 years of experience as one of the top independent auctions in Canada. Owner Alain Boisvert teamed with former ADESA CEO Stephane St-Hilaire to acquire the Quebec based digital auction marketplace TradeHelper in December 2019. 

“Our customers will benefit from the most robust network of buyers and sellers in the industry and an expansion of products and services that only a combination of physical space and state-of-the-art technology can offer, said St-Hilaire, co-owner of ESP and TradeHelper. “EBlock has the right people, technology, and strategy to boost the tremendous growth the vehicle remarketing industry is going through today. We are excited to be part of it.”

TradeHelper is led by the founder Karl Tremblay. ESP Auctions and TradeHelper will continue to operate as they are, with the teams working towards the mutual goal of selling a vehicle where it makes the most sense for the client.

EBlock was ranked the fastest growing automotive company in Canada. The company is the premier remarketing platform for dealers, wholesalers, and independent auctions, providing a tech-first platform with live virtual lanes, set auction starting and ending times, and an uncompromised auction experience.

About EBlock

EBlock, an E INC brand, is a leader in the wholesale automotive market, providing sellers and buyers with a streamlined platform that combines the energy and immediacy of a physical auction together with the convenience and efficiency of a digital one. Find out more about EBlock at eblock.ca

About E INC

E INC is the parent company of EBlock and EDealer, connecting the automotive wholesale and retail experiences together through the development, delivery, and relentless refinement of the online buying experience. E INC’s brands, products, and services help maximize efficiency and cost savings through increased transparency and reduced risk.

About ESP Auction and TradeHelper

ESP Auction is a physical wholesale auto auction located inMontreal, Quebecthat acquired TradeHelper, an online dealer-to-dealer auto auction platform inEastern Canada, in December 2019. TradeHelper provides a simple and easy-to-use digital marketplace for buying and selling vehicles from the comfort of your home or office.

TORONTO, ON: EBlock announces that John Brasher will join the executive leadership team as the Chief Operating Officer, focused on the company’s rapid expansion into the United States market.

Brasher brings more than 30 years of automotive auction knowledge and experience to the senior leadership team. He joins EBlock from ServNet, where he held the position of executive director. Prior to that, he was president of Brasher's West Coast Auto Auctions from 2001 to 2016. He worked for two years as a General Manager for ADESA, and was a founding partner of AuctionPipeline in 2005, which is now Auction Edge.

“The transformation to digital in the auction space Is happening now and it’s happening quickly,” Brasher said. “The automotive wholesale business needs a partner that is committed to meeting their customers where they are. I believe EBlock is that partner, and I’m excited to be part of this exciting chapter in our industry.”

EBlock was ranked the fastest growing automotive company in Canada and has been penetrating the US market since launching in 2019. The company is the premier remarketing platform for dealers, wholesalers, and independent auctions, providing a tech-first platform with live virtual lanes, set auction starting and ending times, and an uncompromised auction experience.

“We are excited to have an industry icon like John join EBlock,” said Jason McClenahan, President and CEO of EBlock. “EBlock is seeing tremendous growth, both in Canada and the United States. His experience and passion for the industry, will only accelerate that momentum. I look forward to working closely with John as we shape the digital auction landscape, to the evolving needs of our customers.

Brasher, a third-generation automotive entrepreneur, has served on numerous industry boards and association committees, and has played an active role whenever possible in the remarketing industry. He steps into his new role as COO of EBlock on May 3.

Media Contact: Michelle Besaw-Parks, Marketing Director | michelle@eblock.com | (833) 817-7247

EBlock is pleased to announce it placed as the highest ranked automotive company and No. 30 overall on the 2020 Report on Business ranking of Canada’s Top Growing Companies. 

"Our growth is rooted in our team’s commitment to developing the best-in-class product for our dealers," said Ryan O'Connor, founder and CIO of EBlock. "When we founded EBlock in 2015 we knew that the future of car auctions was going to be digital, however, we underestimated how fast this would happen. We are very fortunate that our technology back then fully aligned with the automotive industry of today. We are humbled by the overwhelming dealer support that has continued to grow since our very first auction. Thank you to all of our partners and team members for helping us achieve this success."

Launched in 2019, the Canada’s Top Growing Companies editorial ranking aims to celebrate entrepreneurial achievement in Canada by identifying and amplifying the success of growth-minded, independent businesses in Canada. It is a voluntary program; companies had to complete an in-depth application process in order to qualify. In total, 400 companies earned a spot on this year’s ranking. 

The full list of 2020 winners, and accompanying editorial coverage, is published in the October issue of Report on Business magazine—out now—and online at tgam.ca/TopGrowing.

"The stories of Canada’s Top Growing Companies are worth telling at any time but are especially relevant in the wake of COVID-19 pandemic," says James Cowan, Editor of Report on Business magazine. "As businesses work to rebuild the economy, their resilience and innovation make for essential reading."

"Any business leader seeking inspiration should look no further than the 400 businesses on this year's Report on Business ranking of Canada's Top Growing Companies," says Phillip Crawley, Publisher and CEO of The Globe and Mail. "Their growth helps to make Canada a better place, and we are proud to bring their stories to our readers."

 About The Globe and Mail

The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 5.9 million readers every week in print or digital formats, and Report on Business magazine reaches 2.1 million readers in print and digital every issue. The Globe and Mail’s investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.

 About EBlock

EBlock is a leader in the wholesale automotive market, providing sellers and buyers with a streamlined platform that combines the energy and immediacy of a physical auction together with the convenience and efficiency of a digital one. Visit EBlock.com to learn more.

EBlock announces a strategic partnership and exclusive integration with Auction Edge that will provide brick and mortar auctions with technology to compete in the dealer-to-dealer auction space.

• The partnership will begin with the McConkey Auction Group in the Pacific Northwest in January of 2020, followed by an expansion of the program to other Auction Edge customers nationwide.

• The technology powering the partnership is made possible by an exclusive integration between EBlock and Auction Edge.

"Independent auctions are scrappy and very competitive by nature," Dan Diedrich, CEO of Auction Edge, said. "Integrating Auction Edge with EBlock’s platform gives those auctions proven means to facilitate and expedite digital transactions. It empowers their success via the absolute best online dealer-to-dealer platform."

The EBlock/Auction Edge integration—the first of its kind in the U.S.—will provide McConkey Auction Group (MAG) clients with a state-of-the-art dealer to dealer auction platform (called MAG Now) that complements the buying and selling experience that dealers would expect when attending an auction. Run lists, set auction times, virtual lanes, and units transacting in 60 seconds are just a few reasons why EBlock is growing at 100% YOY in Canada and has now sold over $1 billion worth of vehicles in the D2D space.

“We are selling 5,000 dealer-to-dealer vehicles per month with EBlock in Canada, so when the time came to expand to the U.S., partnering with Auction Edge and piloting with the McConkey Auction Group was the obvious choice,” says Jason McClenahan, CEO of EBlock. “The team at Auction Edge has done an outstanding job building a consolidated buyer base of 50,000 buyers at over 200 auction facilities. Likewise, MAG’s auctions have set an incredibly high bar; the independent auctions have been searching for a better tool than what’s out there, and we firmly believe that through this partnership, we’re bringing them that tool.” 

“We’ve always been early adopters, but that doesn’t mean we rush into using a technology for technology’s sake,” says Bob McConkey, President and CEO of MAG and Board Chairman of Auction Edge. “The partnership between EBlock and Auction Edge is the culmination of a lot of research, finding a lot of common ground, and 20 years’ efforts in providing digital solutions for our customers.”

That common ground is what’s at the heart of this new partnership. In addition to McConkey’s unparalleled experience in the industry, both McClenahan and EBlock founder Ryan O’Connor are seasoned auction pros.

“Meeting Bob for the first time it was like wow, this guy really gets it. Even though we were on different sides of the table, we both saw the future of the auction business in identical ways,” said O’Connor. “EBlock was designed with the brick-and mortar experience in mind, and having Bob McConkey validate everything we’ve built is extremely gratifying. Empowering and partnering with physical auctions across the U.S. is a big pivot from disrupting them like we have in Canada. However, when you look at the synergies between EBlock/Edge and the brick-and-mortar footprint across the U.S., anyone who knows this space clearly understands why this partnership makes so much sense.”

Besides enhancing the physical auction experience, EBlock gets brick-and-mortar auctions up and running competitively in the dealer-to-dealer auction space without the infrastructure issues that have plagued other virtual auction providers. The impact of these capabilities will now be expanded by the partnership with MAG and the integration with Auction Edge.

The partnership’s first MAG Now-specific auction event will take place on January 28, with an expansion to independent auctions in the U.S. happening throughout 2020.

About EBlock

EBlock is a leader in the wholesale automotive market, providing sellers and buyers with a streamlined platform that combines the energy and immediacy of a physical auction together with the convenience and efficiency of a digital one.

About McConkey Auction Group

Independently owned McConkey Auction Group (MAG) is the Pacific Northwest’s leading wholesale vehicle remarketing company.

About Auction Edge

Auction Edge is the premier remarketing technology provider to independent auto auctions across the United States, providing platforms and marketplaces for dealers to operate efficiently, dominate locally, compete nationally, and expand their reach globally.

TORONTO, ONTARIO: On the heels of a third consecutive year of triple-digit growth in the Canadian market, EBlock and EDealer announce changes to their leadership team, designed to expand the companies' footprint while continuing to deliver the ultimate online auction and marketing experiences for clients.

• CEO and Founder Ryan O’Connor to step into new Chief Innovation Officer role

• COO and President Jason McClenahan promoted to CEO

"From the moment we joined forces over three years ago, I knew Jason had what it took to help us realize our full potential. His influence on our business has been outsized; from refining our customer experience to steering us through our latest successful capital raise, together with his unmatched understanding of the auction business, has been critical to our success,” said EBlock founder Ryan O’Connor. “The timing is perfect for this. With Jason as CEO, I’ll be able toredouble my focus on delivering an amazing customer experience, which is where my passion’s been since starting EDealer back in 2004."

Before making the switch to EBlock, Jason spent 16 years in the brick-and-mortar auction business, which shaped his understanding of how technology could complement a marketplace that was foundational to the industry’s success, yet ripe for innovation. His work in the Canadian and US markets, together with hand's-on experience at all levels of the brick-and-mortar and digital auction spaces, makes him uniquely capable of leading EBlock in its mission to bring the auction industry into the future.

"When Ryan and I first started working together our visions could not have been more aligned. We come from a world centered around buying and selling cars. We both took a technology-first approach towards improving efficiencies that separate the EBlock experience from everyone else in the space," said Jason McClenahan. "While others have been able to mask inefficiencies with cash, our focus has been on solving real problems with technology. Many people in this space now want to talk about trust and transparency. For me, those are just staples; they’ve always been part of my DNA. These are the main reasons why we've been able to succeed, andmy vision for the future of the auction industry is crystal clear. I am thrilled to be a part of shaping the industry that I know and love. 

"During Jason's tenure as President and COO of EBlock, the company and its sister brand, EDealer, have attained massive, sustained growth and success, with headcount growing 65% inthe past year, active clients on EDealer hitting an all-time high, and both brands transitioning over onto a shared technology platform. This period has also seen EDealer become the Canadian auto industry’s number one web solutions provider.

In addition to taking on CIO duties, O’Connor will also become a managing partner. He and McClenahan are joined on the leadership team by CTO Dmitry Vodiansky, whose team is responsible for EDealer's and EBlock's revolutionary platform, along with VP of Finance, Andy Bohlin. Together, they are committed to continuing the company’s methodical approach to growth—for EBlock as well as the clients and industry they serve.

"Though so much has happened with automotive auctions, we're still very early in the game. More change is on the horizon...change that will continue to improve the business—and the experience of doing business—for buyers and sellers alike," said McClenahan. "And we plan on staying at the forefront of that change."

EBlock is a leader in the wholesale automotive market, providing sellers and buyers with a streamlined platform that combines the energy and immediacy of a physical auction together with the convenience and efficiency of a digital one.

EDealer is the premier provider of dealership marketing technology in Canada, providing merchandising automation and vehicle optimization solutions that help dealers reach the maximum number of customers with consistent, accurate, merchandised inventory in the minimum amount of time. 

Media Contact: Abhineet Munshi, Senior Marketing Manager | Abhineet Munshi@EDealer.ca

EBlock, the fastest growing online auction in Canada, today announced that they are open for business in the United States. EBlock has grown exponentially in Canada by establishing valuable relationships with a number of dealers who want to save time and money remarketing their wholesale units. The company's growth has been driven by its unique value proposition that centers around simulating the real auction environment with live lanes, set auction times and run lists that are available pre-auction.

EBlock is launching its US operations out of the head office in Burlington, VT which has been a hotbed for Automotive technology innovation in the last decade, most recently Dealer.com.  Beginning in the Northeast, the company will grow strategically by servicing both buyers and consignors in concentrated markets through feet on the street and inside sales and support.

Leading EBlock's expansion across North America is a 17-year auction-industry veteran, Jason McClenahan, who joined the team as President and COO with previous experience at ADESA Canada and TradeREV US. "When I joined EBlock in 2017, the auction business was already being disrupted by technology," he said. "After seeing everything in market, EBlock stood out as the platform that clearly understood what dealers want in an online auction." The company is offering lucrative incentives for dealers who come on board early, coupled with a large presence at this year's NADA convention in San Francisco. "Our dealers see the hammer drop on over 200 units per hour and they are incredibly pleased with the results they are experiencing using our technology," said Ryan O'Connor, EBlock's CEO. "Launching in the US around the NADA convention makes perfect sense for us."

The company has an aggressive hiring plan slated for 2019 which includes sales and operations personnel. They are looking forward to making connections with dealers and auction professionals who will be attending the NADA show and visiting their booth #7745W.

EBlock, based in Burlington Vermont, is a true online auction where cars are bought and sold in 60 seconds. The company is committed to helping dealers save time and money by buying and selling wholesale inventory in the most efficient ways possible.