"Finance Express is the best platform I've seen for integrating buy here pay here
and special finance together. It can be a total capital solution."
Kenneth B. Shilson, CPA
President, Subprime Analytics
Principle, Shilson, Goldberg, Cheung & Associates, LLP
Founder and President, National Alliance of Buy Here Pay Here Dealers
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FINANCE EXPRESS & SUBPRIME ANALYTICS ANNOUNCE ALLIANCE
RANCHO SANTA MARGARITA, CA, May 10, 2007 Finance Express, which
operates the first online auto finance platform specifically designed
for the independent automotive used car dealer, and Subprime Analytics,
which provides computerized portfolio analysis services, today announced
that it has signed a joint venture agreement.
"Finance Express is the best platform I've seen for integrating buy here
pay here and special finance together. It can be a total capital
solution," stated Ken Shilson, CPA and President of Subprime Analytics.
"The buy here pay here industry is the fastest growing segment of the
automotive industry but needs more standardization through better
systems and processes. This alliance will help dealers standardize their
processes and reporting and better monitor their portfolio performance."
"There is a tremendous amount of synergy between our companies, both
providing a strong channel of powerful analytical tools, and years of
industry knowledge and experience to our dealership community," stated
President of Finance Express, David Huber. "Costs are increasing at an
alarming rate for independent dealers. Technology and, more importantly,
the successful adaptation of technology within independent dealerships
will help improve efficiencies, reduce operating expenses, and make
dealers more profitable in an inflationary environment. Standardization,
improved ability to monitor performance, and our joint analytical tools
can help facilitate the ability to find additional capital."
About Finance Express
Finance Express is the leading provider of online services and web-based
technology for the independent dealer market including a comprehensive
dealer management system with functions such as dealer inventory
management, credit application processing, contracting, links to lending
sources, buy here pay here loan servicing and accounting systems
integration. The comprehensive program provides dealers online access to
an end-to-end solution that provides a safe and secure environment for
participating lenders. More information can be obtained at
www.financeexpress.com.
About Ken Shilson
Kenneth B. Shilson, CPA, is a Principal in Shilson, Goldberg, Cheung &
Associates, LLP, a CPA firm located in Houston, Texas, and President of
Subprime Analytics. His CPA firm provides audit, accounting, tax and
consulting services to more than 500 subprime auto finance clients
throughout the country. Subprime Analytics provides state-of-the-art
electronic subprime portfolio performance analysis. More information
about Subprime Analytics can be found online at www.subanalytics.com.
Mr. Shilson is also the Founder and President of the National Alliance
of Buy Here, Pay Here Dealers (NABD).
Contacts
Finance Express Corporate Communications, Shannon Acton (949) 635-5892
Subprime Analytics, Ken Shilson (713) 290-8171
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