Credit Management Solutions, Inc. (CMSI), a provider of credit automation technology, services and software which enables business-to-business and business-to-consumer credit transactions, on March 7 reported fourth quarter

results.

For the quarter ended Dec. 31, 2000, total revenue was $6.9 million vs. $5.2 million in the comparable period of 1999. Pretax loss for the fourth quarter of 2000 was ($1.0) million, or ($0.13) per share, compared to a pretax loss of ($2.0) million, or ($0.26) per share in the fourth quarter of 1999.

Revenues for the year ended Dec. 31, 2000 were $25.2 million, compared to $22.8 million for the year ended 1999. Net loss for the year was

($1.9) million, or ($0.24) per share compared to ($2.6) million or ($0.33) per share for the same period in 1999.

"We are pleased with the financial improvement in our company during the year 2000," said Scott L. Freiman, president and CEO of CMSI. "Most notably, the transaction growth in our Credit Online business demonstrates that our

eCommerce strategy is working well. We expect to continue to improve our business model and financial performance in 2001, as a subsidiary of The First American Corporation following the completion of our anticipated merger, as previously announced."

Grody Resigns From CMSI Board of Directors

Freiman also added that "we are disappointed to announce the resignation, effective March 2, 2001, of Miles Grody from the Board of

Directors of CMSI, and his departure from the positions of president of our CMSI Systems, Inc. subsidiary and senior vice president of CMSI, in connection with our internal restructuring and in anticipation of the merger.

"Miles made many valuable contributions to CMSI over his tenure and we wish him the best of success in his future endeavors," Freiman said. "In light of Miles' departure, Howard

Tischler and I will be overseeing the operations of CMSI Systems."

About CMSI

Since it was founded in 1987, CMSI has been a provider of credit automation software and services, including Internet-based online lending and leasing technology.

Corporate clients include organizations in the

banking, finance, automotive, student lending, and telecommunications industries.

The company's e-commerce subsidiary, Credit Online, Inc., credit-enables business-to-business and business-to-consumer transactions through its Internet gateway and funding exchange network. Its patented CreditOnline(TM)and CreditConnection(R) technology links credit originators (such as automobile dealers) and borrowers with an extensive network of leading prime and non-prime lenders.

Through its CMSI Systems, Inc. subsidiary, CMSI

licenses credit decisioning and other automation systems and services for consumer and business credit.

For more information, visit www.cmsinc.com.