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AFCD, Nowcom to Provide Access to Lenders Via XpressCredit

March 17, 2009

CARMEL, Ind. and LOS ANGELES – Dealer management solutions providers Automotive Finance Consumer Division LLC (AFCD) and Nowcom Corp. have announced that both companies will integrate with XpressCredit's Dealer Desktop DMS, providing their dealer clients with access to new financing opportunities.

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

XpressCredit's Web-based, indirect lending platform links lenders with automotive, motorcycle, RV and marine dealers nationwide. Along with the new lending platform, Dealer Desktop also provides independent dealers with access to credit reports, book values, inventory management and more.

"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," said Rufus Hankey, president of Nowcom. "With this, we anticipate adding both partners and marquee lenders to our DMS platform. 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, added, "We are excited about the expansion of product offering to our dealers through this new relationship with XpressCredit and the integration with Dealer Desktop."

Nowcom expects the integration to be completed and fully functional by the beginning of the second quarter 2009.

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