DPFD Deep Field Technologies Inc (CE)

AutoMart-China (www.AutoMart-China.com), the largest independent auto aftermarket company in Beijing and a 95% owned subsidiary of Deep Field Technologies, Inc. (OTC BB: DPFD), announced today that it has signed contracts with two more insurance companies and added four new insurance evaluation centers co-located at its facilities. AutoMart said it signed contracts with Bohai Property Insurance Co., Ltd., and Tian�an Insurance Co., Ltd., the eighth and ninth companies with whom it has agreements, to provide damage evaluation and make coverage decisions at the its maintenance and repair centers, where the repairs will be completed. Bohai Property Insurance is a leading auto insurance company with 10% market share, 200,000 customers, and annual premium revenue over 1 billion RMB, and expects to reach 1.5 billion RMB in revenue and 300,000 customers by the end of 2007. Tian�an Insurance Co. currently serves some 150,000 customers and has revenues of 800 million RMB, and anticipates doubling its business in 2007 to approximately 2 billion RMB and 300,000 customers. Auto-Mart Chairman and CEO Guisan Pang cited the new contracts and evaluation centers as �central to our business model. By working directly with insurance companies and co-locating evaluation centers, we are in the best position to attract and conduct business repairing cars via, which is our core business.� Mr. Pang said �a very significant portion� of AutoMart�s revenues come from insurance companies whose policyholders receive services at AutoMart centers. He said AutoMart currently has receivables of more than $3.5 million (U.S.) from insurance companies. The rapid growth in this segment over a short period, along with inconsistencies in claim processing and collection, have necessitated that AutoMart account for revenues on a cash basis rather than an accrued basis, which it historically employed, causing a delay in the filing of its Form 10-KSB. AutoMart-China Named a �Top 10 Auto Company� AutoMart-China has been named one of the �Top 10 Companies in the Auto Industry in China� by the online and independent Chinese Market Consumers Trend Survey. AutoMart was nominated by consumers and industry professionals, and then received the award after voting on the www.people.com.cn, www.sohu.com, www.cubn.com.cn, www.18-china.com, www.sun315.com.cn, and other Web sites. �AutoMart is greatly honored for this recognition,� said Mr. Pang, �and knowing that it was achieved through an independent public survey makes it very special.� About AutoMart China AutoMart-China (Beijing Sino-US Jinche Yingang Auto Technological Services Ltd., www.AutoMart-China.com) is the largest independent auto aftermarket company in Beijing, and recently entered a share exchange agreement to become 95% owned by Deep Field Technologies, Inc. (OTC BB: DPFD). AutoMart is a full-service automotive repair and maintenance company operating throughout Beijing. With more than 450 employees, a typical AutoMart facility is substantially larger than most other automotive repair facilities, with its largest being nearly 100,000-square feet. Along with its focus on repair and maintenance, AutoMart owns and operates automotive insurance agencies co-located within each of its repair facilities. This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.