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Turner Acceptance Corp Joins Wolters Kluwer AppOne Platform

May 19, 2008

BATON ROUGE, La. -– AppOne, a part of Wolters Kluwer Financial Services, announced Monday that Turner Acceptance Corporation, a Chicago-based consumer finance company, joined the network of lenders on the AppOne platform.

Turner Acceptance will offer indirect auto financing to AppOne’s used-car dealer customers in Illinois and Indiana.

"One of the biggest challenges lenders face when conducting business with any third party is regulatory compliance risk," said Jonathon Levin, president and CEO of Turner Acceptance Corporation. "AppOne does the heavy lifting when it comes to managing indirect relationships with dealers, which helps us mitigate that risk. We can be confident that dealers on the AppOne platform have the necessary processes in place to meet industry requirements, provide accurate and compliant loan documentation, and protect against fraud."

Turner Acceptance specializes in both indirect and direct loan financing. The indirect financing business works with franchised and independent used car dealers, as well as retail merchants. AppOne, a part of Wolters Kluwer Financial Services, is an Internet-based company that connects independent auto dealers with lenders.

"We are pleased that Turner Acceptance has chosen the AppOne platform to expand its auto indirect line of business by offering independent dealers more finance options," said Lee Domingue, CEO of AppOne.

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