Ford Motor Credit Corporation Has Reduced Car Rental Direct's Credit Line From $18 Million to $10 Million

    VAN NUYS, Calif.--Oct. 30, 2002--CRD Holdings, Inc. (OTCBB:CRDH) and its parent company MAII Holdings, Inc. (OTCBB:MAII) today announced that Ford Motor Credit Corporation has reduced CRD's previously announced $18 million credit line back to $10 million.
    "We believe that Ford's reduction was improper and we are continuing negotiations with Ford as well as considering our legal alternatives," said Chris Tyler, CEO of CRD Holdings. "This reduction will have a material adverse effect on the Company. In the meantime, we are analyzing this impact on the Company and starting to implement cuts in order to try to operate within the reduced facility, as well as continuing our efforts to locate new and/or additional credit facilities."