ADP Dealer Services Announces the Acquisition of LeaseStar; LeaseStar.com Will be Part of a Complete Desking Solution Offered to Dealership Customers

    CHICAGO--Feb. 1, 2003--ADP(R) Dealer Services Group is pleased to announce the acquisition of the Plainview, New York-based company, LeaseStar, Ltd. Founded in 1985, LeaseStar, Ltd. provides computerized automotive lease quoting to help automotive dealers and manufacturers increase and improve their lease business using e-business technology. LeaseStar's on-line solution delivers the most comprehensive, accurate and up-to-date leasing information in the industry.
    "The acquisition of LeaseStar adds an integral piece to our existing Desking and F&I solutions. The strength of the LeaseStar web-based model, and its strong fit with ADP Dealer Services, is critical to our growth in the front-end of the dealership business," states Mike Martone, president, ADP Dealer Services Group.
    "Our years of direct experience working with dealers have enabled us to design a system from the bottom up to meet their business needs. As new technologies emerge, LeaseStar's model will be ready to bring them to dealers on-line. We now have the ability to include this expertise with ADP's full range of front-end products to offer the most complete system in the automotive retail industry," stated Tanja Balkan, president and CEO of LeaseStar.
    In addition to benefits such as ease-of-use, automatic updates, and no additional server requirements, the LeaseStar solution allows dealers to compare a variety of terms, mileage and lease programs in an immediate, real-time environment. Data is maintained from one centralized location, ensuring the delivery of timely and accurate rates for both new and used car leasing.
    "LeaseStar is by far the most accurate and dependable leasing system in the market today. The data is always accurate and I can calculate any lease scenario that my customers present to me. Using LeaseStar makes my leasing business more profitable and efficient. When it comes down to functionality, LeaseStar is second to none," states Mike Conway, president of Conway Motors.
    The addition of LeaseStar strengthens ADP Dealer Services' position as the dealership partner of choice with a continued focus on providing cutting edge Sales Desk and F&I solutions. This, combined with LeaseStar's on-line model, allows ADP Dealer Services to set new standards in the delivery of leading products and services that help dealers sell cars more profitably. ADP offers a comprehensive front-end solution set including website development tools, lead management, showroom management, desking, F&I, business development, campaign management and fulfillment.
    "Dealers today are looking for solutions to address their front-end sales concerns. ADP Dealer Services, along with LeaseStar, can provide an all-encompassing solution that is unsurpassed. This acquisition represents our continued focus to deliver solutions that will help dealers improve sales and profitability, while decreasing costs," adds Sarah Gauss, product marketing manager of desking and F&I solutions.

    ABOUT ADP DEALER SERVICES

    ADP Dealer Services provides integrated computing solutions to more than 16,000 automotive and truck dealers throughout the United States, Canada and Europe. ADP Dealer Services Group is the third largest business unit of Automatic Data Processing. ADP, with $7 billion in revenues and 500,000 clients, is one of the largest independent computing services firms in the world. More information on ADP and ADP Dealer Services is available via the Internet at www.Dealersuite.com.

    ADP is a registered trademark of ADP of North America, Inc.