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Law Firm Brower Piven Announces Investigation of AutoInfo, Inc. Going Private Transaction

  Law Firm Brower Piven Announces Investigation of AutoInfo, Inc. Going
  Private Transaction

Business Wire

STEVENSON, Md. -- March 1, 2013

The securities litigation firm of Brower Piven, A Professional Corporation,
has commenced an investigation into possible breaches of fiduciary duty to
current shareholders of AutoInfo, Inc. (“AutoInfo” or the “Company”) (OTCBB:
AUTO) and other violations of state law by the board of directors of AutoInfo
relating to the proposed acquisition of the Company by AutoInfo Holdings, LLC,
a subsidiary of private investment firm Comvest Investment Partners IV, L.P.
The firm’s investigation seeks to determine, among other things, whether
AutoInfo’s board of directors breached their fiduciary duties by failing to
maximize shareholder value.

As stated in the press release announcing the proposed transaction, AutoInfo
shareholders will receive $1.05 in cash for each share of AutoInfo they own.
That represents only a small premium to the recent trading price of AutoInfo
stock.

If you currently own common stock of AutoInfo and would like to learn more
about the investigation being conducted by Brower Piven, you may email or call
Brower Piven, who will, without obligation or cost to you, attempt to answer
your questions. You may contact Brower Piven by email at
hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A
Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
other class action cases of over 60 years.

Contact:

Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com