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CNCDA Grants 700Credit Exclusive Marketing License

June 24, 2008

TORRANCE and SACRAMENTO, Calif. -– The California New Car Dealers Association has granted 700Credit, a provider of credit reporting and compliance solutions, the exclusive marketing license to use the association's name and logo in its credit reports and Red Flag alerts.

"Although we serve thousands of dealers across our country, because we are based in California, 700Credit is excited to form a strategic alliance with CNCDA, our home state association, to offer credit reporting and Red Flag compliance solutions to all CNCDA’s members," said Matthew Briggs, CEO of 700Credit.

The Torrance-based company provides credit reports, consumer information and compliance products and services.

"We are pleased to select 700Credit as our exclusive licensee for credit reports and Red Flag ID compliance. The 700Credit Dealer Purchasing Power Program enables dealers to purchase credit reporting and Red Flag compliance from 700Credit, which in turn supports our association," said Peter Welch, president CNCDA.

The Sacramento-based association is the nation's largest statewide group dedicated to representing the automotive industry and supporting franchised new car dealers.

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