CENTRIX Financial, LLC, a financial management and services firm, and Payless Car Sales, Inc., ad franchiser of used-car dealerships, have announced the signing of a new partnership agreement. Under the agreement, CENTRIX will serve as one of Payless' preferred partners for its special finance auto lending needs.

"As we continue the national expansion of our franchise operations, it is imperative that Payless join together with partners of national reach like CENTRIX," said Mike Harley, president of Payless Car Sales. "We are very excited about the new opportunities this relationship presents. As the number of consumers with impaired credit continues to grow, this partnership provides us an efficient and secure way to reach out to that market. This will not only benefit us, but will also allow us to offer those consumers greater opportunities for car ownership."

The new agreement allows CENTRIX to provide improved special financing options to Payless dealers in 44 states. According to studies by Bandon, Ore., firm CNW Marketing/Research, special finance now accounts for 31.5 percent of all auto financing, up from 17.8 percent in 1993.

"We are very proud to have been chosen by Payless to serve in this capacity," said Robert E. Sutton, chairman and CEO of CENTRIX Financial. "The logic and benefits of this relationship are clear. Payless is quickly becoming the nation's leader in used-car sales, and nearly two-thirds of the autos purchased through our financing programs fall into that category. We look forward to working as partners to find new and better ways to serve the growing special finance market."

About Payless Car Sales

Payless Car Sales, Inc. is a wholly owned subsidiary of Avalon Global Group, Inc. and a sister company to Payless Car Rental System, Inc, a Florida corporation that serves auto rental locations in more than 120 cities in 20 countries.

Payless and Avalon are privately held corporations headquartered in St. Petersburg, Fla., and have been involved in franchising since 1971.

Payless Car Sales recently signed its 38th dealership agreement and says it plans to open a minimum of 300 Payless Car Sales locations in the United States.

For more information visit www.paylesscarsales.com.

About CENTRIX Financial, LLC

Founded in 1990, Denver-based CENTRIX Financial says its Special Auto Finance programs have helped to put more than 70,000 vehicles on the road in the last five years alone.

In 1998, the company's CEO, Robert E. Sutton, introduced a new business model that was designed to address the shortcomings in traditional approaches to the special finance market.

CENTRIX says it is leading the evolution of the auto finance industry. For financial institutions, the company says its programs "have brought a previously unknown level of security and profitability to the $200 billion special auto finance lending industry, while helping auto dealers find new ways to reach out to a clientele that represents more than 25 percent of their potential market."

Just as importantly, CENTRIX says, it is providing an underserved consumer group the keys to new opportunities at competitive financing rates and with professional service.

Today, CENTRIX provides services across the country through agreements with over 6600 dealerships, has over 550 employees and is managing a $1 billion loan portfolio.

For further information, contact Information on Centrix Financial, (877) 236-7679, e-mail info@centrixfinancial.com, or visit www.centrixfinancial.com.