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700Credit to Provide Compliance Solutions to Calif. Dealership

July 1, 2008

TORRANCE, Calif., and EL MONTE, Calif. — 700Credit, a provider of credit reporting and compliance solutions, has been chosen by Longo Toyota, an auto dealership and affiliate of Penske Motor Group, to provide credit reporting, OFAC and Red Flag compliance needs.

The El Monte-based dealership sells new and used Toyotas to customers in Los Angeles, Orange and Riverside counties in southern California.

"We are pleased that the Penske Automotive Group and Longo Toyota have selected 700Credit as their primary provider of credit reporting & compliance solutions," said Matthew Briggs, CEO of 700Credit. "We serviced one store, and after providing superior results, Penske chose to expand the 700Credit platform to their entire group. This decision further supports that dealers of all sizes will benefit from 700Credit."

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

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