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Delphi Automotive Systems First to Join Online Minority Business Marketplace M-Xchange.com

4 May 2000

    TROY, Mich. - Delphi Automotive Systems announced today that it has signed 
a Memorandum of Understanding with M-Xchange.com Inc. to participate as the 
first equity partner of M-Xchange.com, an online marketplace for minority 
business entrepreneurs.

    "We believe this alliance will help Delphi as we continue to develop a
strong minority supplier base," Ray Campbell, vice president, Delphi Global
Purchasing, said.  "Our participation will help us identify strong minority
suppliers, enhance our relationships with those suppliers and allow us to
promote the development and training of minority entrepreneurs."

    According to Campbell, Delphi will gain additional experience in the world
of Internet-enabled business.  Also, the cross-industry nature of
M-Xchange.com is expected to help Delphi identify supplier solutions related
to its growing non-automotive business.

    M-Xchange.com, co-founded by former General Motors Executive Roy Roberts
and Allied Metals Corporation Owner and President Gary Wasserman, is scheduled
to begin facilitating online transactions between automotive manufacturers and
Tier 1 suppliers and minority suppliers during the third quarter of this year.
Roberts is chairman of M-Xchange.com and Wasserman is president.

    "Having Delphi, the world leader in providing innovative, high-tech
solutions to global automotive manufacturers, on board signals the potential
value of our portal," said Roberts.  "M-Xchange.com will level the playing
field for minority companies in the New Economy; partnerships like the one
with Delphi will get us there faster."

    Minority supplier development is a priority business initiative for
Delphi.  Last year Delphi purchased $460 million of goods and services from
minority suppliers, the most of Tier 1 suppliers in the U.S.  The Delphi-
sponsored Automotive Matchmaker Conference which is held annually and has
generated over $83 million in awarded contracts to minority businesses, and
the minority business sponsorship program that allows sponsored suppliers and
Delphi purchasing to work together on business development are both staples of
Delphi's initiative.

    "Diversity in our workforce, in our customer base and in our supplier base
is a priority," Campbell added.  "We view M-Xchange.com as a leading minority
enterprise marketplace and we view our alliance as a win for Delphi, for the
exchange, for minority enterprises and for our customers."

    Multi-national Delphi Automotive Systems, with headquarters in Troy,
Mich., USA, Paris, Tokyo and Sao Paulo, Brazil, is a world leader in
transportation and mobile electronics components and systems technology.
Delphi's three business sectors -- Dynamics & Propulsion; Safety, Thermal &
Electrical Architecture; and Electronics & Mobile Communication -- provide
comprehensive product solutions to complex customer needs.  Delphi has
approximately 213,000 employees and operates 176 wholly owned manufacturing
sites, 41 joint ventures, 53 customer centers and sales offices and 30
technical centers in 38 countries.  

    M-Xchange.com is the first B2B Internet exchange focused on minority
procurement and the advancement of minority businesses.  Founded by Roy
Roberts and Gary Wasserman, M-Xchange.com is headquartered in downtown
Detroit.  M-Xchange will provide a number of strategic advantages to minority
supplier development managers as well as minority companies.  Among them:

    -- Enable Fortune 1,000 companies to achieve minority procurement policy
goals.

    -- Provide access and reach for corporate purchasers and minority
suppliers in a wide range of businesses throughout the U.S.

    -- Serve as a strategic partner to existing B2B economic exchanges
aggregating buyers and sellers across industries and improving trading
relationships between buyers and minority suppliers within industries.

    -- Provide hi-tech skills development and career opportunities for
minorities.