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Sekurus Financial Services Formed

September 21, 2007

Sekurus Inc., the manufacturer of the ON TIME payment protection system, has announced the formation of Sekurus Financial Services, a full-service accounts management program developed for dealers and financial institutions serving the subprime auto market.

“We can now offer a financial services division that further reduces risk and helps to manage the entire billing and payment process from start to finish,” said Mike Simon, president and founder of Sekurus Inc. “Eliminating the headaches involved with approving, tracking and collecting auto loan payments, Sekurus Financial Services is an invaluable resource for institutions and dealers working with high-risk borrowers on a daily basis.”

Sekurus Financial Services offers a broad range of billing and collection support services to dealers and financial institutions that use the ON TIME starter interrupt system. The available offerings include background and data verification; data backup maintenance; the close monitoring of various interest loans and prevention of late payments; confirming and managing insurance issues with debtors; negotiating insurance settlements and handling potential repossessions. In addition, person-to-person customer service is provided throughout the entire process.

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