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iTRiBE Signs Agreement with Electric Classifieds

iTRiBE, Inc. in Norfolk, VA signed an agreement with Electric Classifieds Inc. in San Francisco to provide online automotive inventory solutions.

iTRiBE said its technology provides migration for auto dealer inventory to the Internet and is being used by companies including America Online, Digital City, Tribune Company and several major auto dealers. Financial terms of the latest deal were not disclosed.

"This makes posting inventory on the Web a cinch for car dealers--they don't have to duplicate efforts or have several different companies dialing into their management system. iTRiBE simply forwards processed inventory data anywhere the dealer requests", said Michael Adolphi, president of the company.

"Electric Classifieds is a growing company and iTRiBE saw this as a golden opportunity to increase our national exposure", said Chuck Lewis, business development director. Online shopping is growing by leaps and bounds and auto dealers are seeing the impact to their businesses, and the way customers expect to buy from them.