Alternative Motors Secures $4.2M Annual Financial Commitment from Sterling Credit

LAS VEGAS--May 16, 2011: Alternative Motors, Inc. has announced the securitization of a $4.2M annual financial commitment from Sterling Credit effective immediately.

The financial commitment consists of a program which will enable Alternative Motors to leverage its existing and future accounts receivable into instant positive cash flow. Additional details as to the structure of the agreement and program were not disclosed.

Guy Padgett, VP for Sterling Credit, made the following remarks concerning the announcement:

"Sterling Credit is looking for long-term relationships with dealers such as Alternative Motors, a dealer that looks at the big picture of structuring notes for successful payout versus just selling cars. We are positioned for a very aggressive yet smart growth for 2011 and the future will be with professional dealers that have the mindset that both sides of this relationship have to make money in order for it to work."

Randy M. Henderson, CEO and President of Alternative Motors, had the following comments:

"This has no doubt been a long and arduous process in finding the right financial partner for Alternative Motors. However, solidifying our relationship with Sterling Credit has been well worth it. The program, which has been agreed to by the companies, allows Alternative Motors flexibility we were unsuccessful in securing elsewhere. We envision this flexibility will enable us to aggressively pursue our roll out objectives in a win-win scenario."

ABOUT ALTERNATIVE MOTORS

Alternative Motors, Inc. meets the needs of customers who are credit challenged by providing vehicle and credit solutions they may not be able to obtain otherwise. Alternative Motors provides these solutions at our Buy Here, Pay Here car lots. While our customers may be unable to obtain traditional vehicle financing, Alternative Motors can provide financing and payment schedules to be made at the point-of-sale. More information can be obtained on Alternative Motors, Inc. by visiting Alternative Motors or by contacting pr@alternativemotors.com.

ABOUT STERLING CREDIT

Sterling Credit Corporation is a buyer of bulk buy-here, pay-here accounts receivable. With the ability to acquire portfolios of any size, Sterling Credit Corporation offers fair and competitive pricing with fast and convenient service. .