HOMETOWN AUTO RETAILERS

The Company is engaged in the business of selling new and used cars and light trucks, providing maintenance and repair services, selling replacement parts and providing related financing, insurance and service contracts through 8 franchised dealerships located in New Jersey, Connecticut, Massachusetts and Vermont. The Company's dealerships offer 12 American and Asian automotive brands, including Chevrolet, Chrysler, Dodge, Eagle, Ford, Isuzu, Jeep, Lincoln, Mercury, Oldsmobile, Plymouth and Toyo... ta. The Company also operates a collision repair center and is active in two "niche" segments of the automotive market, the sale of Lincoln town cars and limousines to livery car and livery fleet operators and the maintenance and repair of cars and trucks at its Ford and Lincoln Mercury factory authorized free-standing neighborhood service center. The Company believes that it is one of the five largest automotive dealers in New England. The Company's growth strategy is to participate in the recent consolidation trend in the automotive sales and service industry and, through strategic regional acquisitions, become the largest dealer group in New England and the Mid-Atlantic states, and to expand its two "niche" businesses: livery sales and free-standing neighborhood factory authorized maintenance and light repair centers in locations in which there is a concentration of Hometown dealerships.More