AutoCorp —Homeland Security Network, Inc.— Signs Distribution Agreement For SaTrac Security Tracking System; MRI To Distribute In The Northeastern Uni

MRI has agreed to represent HSNi initially in the five-state area surrounding the New York metropolitan region and will immediately commence distribution of the tracking system to major automobile dealerships and vehicle fleet operators. In addition, the company and MRI intend to expand their relationship to cover additional states nationwide. "Mobile Remedies has representatives covering all major markets for the automotive industry," according to Charles Norman, HSNi's CEO. "MRI has successfully marketed warranty insurance along with other aftermarket products to the automotive industry on a regional and national basis. They are a perfect fit for the Consumer Division of our company," Norman concluded.
MRI, a transportation industry aftermarket distributor, spent more than two years and invested hundreds of thousands of dollars in research and development of GPS technology, before consummating an agreement with HSNi. MRI believes that the new SaTrac GPS hardware and software is the most technologically advanced GPS system for tracking and monitoring of assets available anywhere in the world. It will immediately replace the widely used and antiquated radio frequency (RF) tracking and recovery systems marketed as LoJack(R), ForceTracker and others that require specialized equipment and have only limited coverage areas. MRI, through its direct sales organization and their existing national network of sub-distributors, intends to capture the tracking and recovery market, which currently exceeds $250 million in annual sales.

Blaise Zampetti, Chief Operating Officer of MRI, who is an experienced executive in the automobile industry, said, "This new SaTrac system is the most exciting product introduced to the aftermarket auto sales venue in over twenty years. I believe dealers will view this item as one of the finest value-added products ever made available to their consumers. Dealers will now have a much needed revenue source previously unavailable to them."

Peter Ubaldi, the CFO of HSNi adds, "This national coverage and immediate market penetration will give the company a head start on reaching its projected revenue for this year. Each sale not only creates immediate income but also establishes a future revenue stream by virtue of the ongoing service fees that are part of every sale. It is the classic 'razor/razor blade' model."

About Auto Corp Equities, Inc.

AutoCorp Equities, Inc. (ACOR), a publicly-traded holding company, has entered into acquisition agreements with Rodwell Software Systems and ComTrak Solutions. These companies, brought to AutoCorp by some of its major shareholders, produce and market revolutionary new GPS tracking devices and software. AutoCorp will change its name to Homeland Security Network, Inc. (HSN) on or about February 28th, 2005 to reflect the direction of its new course of business. The company will capitalize on rapidly-emerging, largely under-served, GPS tracking markets. These markets, whose scope was dramatically accelerated by the increased need for Homeland Security, have a potential demand in excess of 100 million units-plus in the United States, Canada and Mexico over the next decade. HSN plans to lead the GPS tracking industry through the combined assets of its newly acquired companies' propriety software and market distribution capabilities. The re-structured company is also completing negotiations with a major international electronics manufacturer that will give it the ability to quickly and economically expand its sales efforts to all of its targeted markets. HSN expects to capture a dominant share of the GPS market with its ability to provide, in large quantities, the lowest cost tracking hardware, and to offer the most cost-effective data transmission fees (wireless airtime consumer costs) in the industry. Airtime costs, which largely inhibit the current GPS market's product sales and deployments, will be nearly 2000% lower for HSN than those of its nearest competitor for comparable data transmissions. The company's GPS products will incorporate state-of-the-art map tracking and trailing, geo-fencing alerts for designated parameter infringements, and the ability to uniquely control all vehicle functions from its customer's web-enabled mobile phones or personal computers, via the company's proprietary Internet website system software.