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JM Family Enterprises Names New Executives

November 6, 2008

DEERFIELD BEACH, Fla. – JM Family Enterprises named Brent Burns as its executive vice president and chief financial officer. Thee company also announced Frank Armstrong has been promoted to president of subsidiary World Omni Financial Corp., and executive vice president of JM Family; and Dan Chait has been promoted to group vice president of World Omni.

Burns, 49, joined JM Family in 2000 and prior to his new appointment had been president of World Omni since 2001. As chief financial officer, Burns oversees the financial operations for all JM Family business units, as well as the Audit, Treasury, Accounting, Tax, and Family Office departments. He continues to serve as a member of the company’s Executive Management Team, which directs the development and implementation of JM Family’s long-range planning and strategies for future growth.

He has over 28 years of automotive financial experience. Burns’ extensive capital markets experience and first-hand knowledge of World Omni’s portfolio and treasury needs uniquely position him to address and support the company’s financial operations.

Prior to joining JM Family, Burns held numerous positions in the financial arena including his tenure as CFO of AutoNation Financial Services Inc. He also served as senior vice president of Revenue and Fleet Management, vice president of Strategic Planning and treasurer for Alamo Rent-A-Car Inc.; and was a senior manager and certified public accountant for KPMG Peat Marwick.

Burns graduated from Florida Atlantic University with a bachelor's degree in business administration. He is a member of the Florida Institute of Certified Public Accountants (FICPA). He and his wife, Tammy, have two children and live in Sea Ranch Lakes, Fla.

Armstrong, 50, the newly appointed president of World Omni Financial Corp. and executive vice president of JM Family, will be responsible for the strategic and operational management of diversified financial services company World Omni. He also oversees World Omni’s divisions, including Southeast Toyota Finance, CenterOne Financial Services LLC, DataScan Technologies LLC, DataScan Field Services and Monetrics. He will also continue to serve as a member of JM Family’s Executive Management team.

He started with World Omni as vice president, Business and Product Development in 2001. Armstrong was promoted to group vice president in 2002 and became senior vice president in 2004. In 2005, he was promoted to president of World Omni subsidiaries DataScan Technologies and DataScan Field Services and senior vice president of World Omni.

Armstrong has had a successful multi-year career in the banking and business industries and before joining World Omni held leadership positions at NationsBank Corporation, Alamo Rent-A-Car Inc. and Terion Inc.

Armstrong received his master’s degree in business administration from Georgia State University and his bachelor’s degree in math and business from Wake Forest University. He and his wife, Lisa, have three children and live in Melbourne, Fla.

Chait, 41, the new group vice president of World Omni, will be responsible for Southeast Toyota Finance’s Portfolio Management, Dealer Services, Sales and Marketing.

He has 18 years experience in the financial field. Before joining World Omni, he held senior level positions with US Airways Inc., AutoNation Inc., UniCapital Corporation and Banc of America Leasing Commercial Markets LLC. Chait joined World Omni in 2002 as vice president, Asset Management. He was promoted to group vice president in 2007.

Chait graduated from the University of Rochester with bachelors’ degrees in economics and political science and a master’s degree in business administration. He and his wife, Amy, have four children and reside in Palm Beach Gardens, Fla.

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