Thursday, May 22, 2008

AutoInfo, Inc. Announces Quarterly Results; Net Revenues Increase 39%

Boca Raton, FL – May 14, 2008 - AutoInfo, Inc. (OTC BB:AUTO), a non-asset based transportation services company, today announced results of its operations for the quarter ended March 31, 2008. The Company reported gross revenues of $36.6 million as compared with $22.1 million for the prior year period. Net revenues (gross revenues less the direct cost of transportation) were $6.7 million for the current period as compared with $4.9 million for the prior year period, an increase of 39%. Net income and basic earnings per share were $490,000 and $.02 per share, respectively, as compared with $326,000 and $ .01 per share for the prior year period.

Harry Wachtel, President, stated, “We are pleased to report significant year over year revenue growth for the quarter ended March 31, 2008. This is a result of our 2007 investments in people and technology and the continued strength of our agent network. We will continue to leverage our business model and expand our broker and contract carrier agent networks during 2008 and will continue to explore expansion and growth opportunities.”

AutoInfo, Inc., operating through its Sunteck subsidiary, is a non-asset based transportation services company, providing transportation capacity and related transportation services to shippers throughout the United States, and to a lesser extent, Canada. Our non-asset based services include ground transportation coast to coast, local pick up and delivery. We have strategic alliances with less than truckload, contract carrier, common carriers and independent owner-operators to service our customers’ needs quickly and effectively.