Released on = August 22, 2007, 8:34 am

Press Release Author = carazoo

Industry = Automotive

Press Release Summary = India's first Car Portal with Interactive Animations called
Carazoo launched.

Press Release Body = AUGUST 21 2007: Following up on its soft launch two months ago,
India's first interactive car portal, CARAZOO.COM was formally launched in the city
today. A brainchild of Logix Microsystems Ltd, the portal aimed at the Indian
segment has been prompted by their hugely successful izmocars products and services
in the US. (Ranked No.2 in the Best-Ten list of Web Solutions Providers for
Automotive Dealers by Ward's magazine.) CARAZOO.COM is a one-stop portal catering to
the requirements of car buyers/sellers, car manufacturers, car dealers, car
financers and insurance providers and car accessories suppliers.

Moving away from the staid look, Carazoo hosts Interactive animations for each and
every car that it features, (over 300) which enables the viewers a "touch and feel"
experience. One can take a car for a virtual spin, paint it in different colors from
the available colour palette, and experience a 360 degree interior and exterior
view. In addition Carazoo provides comprehensive information on all types of new
and used cars.

Commenting on the launch and the response so far, Pankaj Patel, Vice President-India
said, "The response has been great and we are looking forward to being the number
one portal in this domain. The Indian economy is booming so is the Indian Automobile
industry and the internet is once again becoming a very important information source
as well as marketplace. With its unique features Carazoo is slated to quench the
thirst of each and every Indian who wants to buy, sell or gain information on almost
any car they desire. In fact, we named our portal Carazoo based on "car ki arzoo"-
desire for a car"

Car buyers can seek individual car prices, technical specifications and features,
tools to compare different cars of choice, e-brochures, car reviews, car
accessories, financing and insurance tips. In addition, Carazoo has a massive
database of dealer information that allows a browser to select a dealer outlet for
his car of choice according to desirable proximity and get a price quote by filling
out a simple form or ask for a test drive free of cost.

CARMANTRA, a monthly newsletter was also launched at the occasion and would be
available in both hard copy and online versions, possibly a first amongst car sites
in India.

Web Site = http://www.carazoo.com/

Contact Details = Logix Microsystems Limited
177/2C, Bannerghatta Road
Bangalore-560 076
India
Tel: +91-80-2658373
Fax: +91-80-26580488
Email: info@carazoo.com