CRD Holdings Announces That Ford Motor Credit Corporation Has Terminated Car Rental Direct's Credit Line Effective March 2, 2003

    LOS ANGELES--Nov. 7, 2002--CRD Holdings, (OTCBB:CRDH) and its parent company MAII Holdings, Inc. (OTCBB:MAII) today announced that Ford Motor Credit Corporation has terminated CRD's previously announced $10 million line of credit, such termination will be effective on March 2, 2003.
    "We continue to believe that Ford Credit's actions are improper and we are pursuing further discussions with Ford Credit, as well as exploring legal alternatives," said Chris Tyler, CEO of MAII and CRD. "This action will have a material adverse effect on MAII and CRD. In the meantime, we are seeking to locate a replacement to the Ford Credit facility, within the termination period that Ford has provided us."