Metris Launches RoadSaver Auto Services; An Innovative, Affordable Roadside Assistance Program
MINNETONKA, Minn.--Jan. 16, 2001--Metris Companies Inc. , one of the fastest-growing direct marketing companies in the United States, today unveiled a comprehensive, new roadside assistance program, RoadSaver(SM) Auto Services.RoadSaver offers its members 24-hour roadside assistance, as well as help with vehicle repair, purchasing, and rental. Members and their immediate families are covered up to $100 per occurrence.
"RoadSaver is a practical product that gives individuals and families peace of mind while operating their vehicles," said Metris Direct Services President and COO Doug Scaliti. "Members can have confidence that if something goes wrong with their car, truck or van, we will be there to help."
RoadSaver's combination of features and easy-to-use services provide security, savings and empowerment accessed through one toll-free phone number.
RoadSaver's features include:
| -- | 24-hour Roadside Assistance (towing, lock-out, flat tire, jump-start, gas and coolant delivery) |
| -- | Mechanic Helpline |
| -- | Car Maintenance Rebates |
| -- | Trip Planning |
| -- | Car Rental Discounts |
| -- | Personal Auto Shopping Services |
Metris is in the top tier of enhancement services companies in the United States. These services, which include credit protection products, membership clubs, extended-service plans and third-party insurance, are offered to Metris customers, third-party strategic marketing partners and the broad Internet-based market. Metris currently manages more than 6.0 million enhancement service relationships.
Metris Companies Inc. is an information-based direct marketer of consumer credit products and enhancement services. The company was recognized in September 2000 as one of "America's 100 Fastest-Growing Companies" by Fortune magazine. Based in Minnetonka, Minn., Metris also has operations in Scottsdale, Ariz.; Jacksonville, Fla.; Orlando, Fla.; Champaign, Ill.; White Marsh, Md.; and Tulsa, Okla. Metris employs approximately 4,200 people.
Visit Metris on the Internet at www.metriscompanies.com.
Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Federal Securities law. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: higher default and bankruptcy rates of the Company's target market of moderate-income consumers; lack of seasoning of the Company's credit card portfolio, which creates a risk of increasing loss levels; the Company's limited history as a stand-alone entity; risks associated with acquired portfolios; interest rate levels; dependence on the capital markets and securitization of the Company's credit card loans to fund operations; and the general economic climate. For further information on factors that could impact the Company, and statements contained herein, reference should be made to the Company's filings with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, current reports on Form 8-K and annual reports on Form 10-K.
