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Payment Protection Systems Merges with Sekurus

September 6, 2006

Temecula, Calif.—Payment Protection Systems Inc., the manufacturer of ON TIME, a system that ensures timely collection of customer car payments, recently announced its merge with Sekurus Inc.

Sekurus’ proprietary products and solutions are used to secure and manage the subprime auto loan portfolios of both buy-here-pay-here auto dealerships and financial institutions throughout the world.

Sekurus Inc. will be the name of the new company, while Mike Simon, president and CEO of Payment Protection Systems, will assume the same title and responsibilities.

The Sekurus product line will now include:

ON TIME: The electronic starter-interrupt unit that tracks payments and prevents a vehicle from starting if a customer’s scheduled payment is not made. ON TIME is used worldwide by lending institutions and car dealerships that provide auto financing to individuals who are subprime or high credit risks.

SEKURIT: It arms and disarms itself with an automatic, hands-free system. It not only provides consumers with the most sophisticated anti-theft technology available, but also offers new car franchises a product that has no charge back, no drive away costs and an installation process that is quick and simple.

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