March 17, 2009

AFCD and Nowcom Team with XpressCredit to Offer Access to New Lender Opportunities

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LOS ANGELES and CARMEL, Ind. — Automotive Finance Consumer Division LLC (AFCD) and Nowcom Corp. announced today they will complete integration of their dealer management system, Dealer Desktop, by the beginning of the second quarter 2009. As a result, dealers will have access to new lender opportunities on the XpressCredit lending platform through Dealer Desktop.

"This new partnership brings additional lenders to our platform, which during these tough economic times, puts us in the position to become the leader in the independent dealer market. With this, we anticipate adding both partners and marquee lenders to our DMS platform." says Rufus Hankey, president of Nowcom. "Nowcom's business is currently successful because our dealer base values our technology and products, and this new partnership will only add to that."

Margot Hanulak, president of AFCD comments, “We are excited about the expansion of product offering to our dealers through this new relationship with XpressCredit and the integration with Dealer Desktop.”

XpressCredit is a provider of a Web-based, indirect lending platform. Its patent-pending solution links lenders with auto, motorcycle, RV and marine dealers nationwide. A pre-screen of the applicant and collateral provides the ability for lenders to evaluate applications quickly and efficiently.

“We are excited about this new partnership with AFCD and Nowcom,” says Paul Gignilliat, XpressCredit founder and CEO. “AFCD and Nowcom dealers who use Dealer Desktop will have enhanced lending opportunities and additional compliance support that will positively impact their performance.”

Along with the new lending platform, Dealer Desktop also provides independent dealers with access to credit reports, book values, inventory management and all the essentials to run a commercial car dealership.

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