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iMagicLab Announces Record Sales and New Office Expansion



iMagicLab, the nation's leading software provider for automobile dealers, is pleased to announce that it's first quarter 2008 revenue grew 94% over Q1 2007. All Company financial metrics showed significant improvement with customer count, Customer Relationship Management System (DealerCRM) retention and new dealer enrollment at all-time highs. March 2008 was by far iMagicLab's best revenue month ever and the Company indicates that the economic difficulties faced by auto dealers appears to be increasing sales and interest in DealerCRM.





"When we started this company the mission was to remove technology hurdles, integrate World-Class training and deliver car dealers into the modern age of efficiency" said Richard Keith Latman iMagicLab's Chief Executive Officer "The results here are just the tip of the iceberg because nearly every car dealer, from major franchise to small independent, uses antiquated technology to run their business. From poorly planned Dealer Management Systems (DMS) to overpriced specialized micro suites the dealer and it's customers suffer. We're proud to be leading the charge for technology change in our Industry, proud to be a leader in helping small dealers stay profitable in a challenging economy and proud to be an independent company which is free to innovate and improve."



iMagicLab also announced today the expansion of it's Owings Mills, Maryland Corporate Centre with the lease of over 11,000 new square feet of office space. The new facility will be used to accommodate the growing application support team, a new call center to support car dealer requests and the new iMagicLab University training facility.



About iMagicLab


iMagicLab is the fastest growing customer relationship management software company aimed at the expansive automobile retailing marketplace and is an approved solution for most of the major automobile manufacturers in the United States. The company creates customer relationship software (CRM), internet lead management solutions (ILM), inventory management systems, service retention, lead generation, websites, DeskLog, AutoPencil and eBay auction services specifically for the automobile retailing industry.



Visit the company's Web site at http://www.imagiclab.com for further information on iMagicLab or contact Richard Keith Latman at 410-753-4825 - sales @ imagiclab.com






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