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AutoNation CEO, CFO Certify SEC Reports

Aug. 14, 2002
FORT LAUDERDALE, Fla., Aug 14, 2002 /PRNewswire-FirstCall via COMTEX/ -- AutoNation, Inc. (NYSE: AN), America's largest retailer of both new and used vehicles, today announced that Chief Executive Officer Mike Jackson and Chief Financial Officer Craig T. Monaghan have signed and filed sworn statements with the Securities and Exchange Commission ("SEC") affirming the Company's SEC reports. The reports covered by the sworn statements include the Company's 2001 Annual Report on Form 10-K, 2002 Annual Proxy Statement and Form 10-Qs for the 2002 first and second quarters. The sworn statements were made in accordance with a June 27, 2002 order issued by the SEC requiring approximately 950 large public companies to certify the accuracy of their financial reports.

Jackson and Monaghan also signed a separate letter certifying the Company's Form 10-Q for the second quarter ended June 30, 2002 under the Sarbanes-Oxley Act of 2002, which was signed recently into law by President Bush. That certification letter is also an exhibit to the Form 10-Q the Company filed today with the SEC.

"We support the steps that are being taken to restore investor confidence in corporate America," Mr. Jackson said. "Certifying our SEC filings highlights our commitment to provide investors with accurate and transparent financial information."

Investors may view the documents signed by AutoNation's officers at http://corp.AutoNation.com/docs/CEOCFO.pdf. They will also be available for viewing at the SEC's web site, www.sec.gov.

About AutoNation, Inc.

AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is America's largest retailer of both new and used vehicles. Ranked #101 on the 2002 Fortune 500 survey of America's largest corporations, AutoNation employs approximately 30,000 people and owns and operates 374 automotive retail franchises in 17 states. For additional information, please visit www.AutoNation.com, where consumers can find more than 100,000 vehicles available for sale.

Forward-Looking Statements

Certain statements and information included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company undertakes no duty to update its forward- looking statements, including its earnings outlook.

SOURCE AutoNation, Inc.

CONTACT: Oscar Suris, AutoNation, +1-954-769-3576, or suriso@autonation.com

URL: http://www.autonation.com http://www.prnewswire.com

Copyright (C) 2002 PR Newswire. All rights reserved.

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