PR: BMW Finance Upgraded to "B" Rating at Releasing.com

FOR IMMEDIATE RELEASE

BMW Finance Upgraded to "B" Rating at Releasing.com

-- Upgrade Follows Change in BMW Finance's Lease Transfer
Policy

PALM DESERT, Calif., Sept. 11, 2003 --  LeaseTrading.com -
America's marketplace for car lease transfers -- today
announced that it has upgraded BMW Finance's rating to "B"
on its consumer-advocacy oriented Releasing.com site,
located at www.releasing.com.

The move follows BMW Finance's change of its standard lease
policy to allow lease transfers without contingent
liability. Previously, new BMW leases could not be
transferred without default liability remaining with the
original lessee.

"BMW's move is part of a general trend toward improved
leasing policies on the part of financing companies," said
LeaseTrading.com CEO Michael Penfield. "Since creating the
lease transfer market more than three years ago, we have
continuously lobbied financing companies to better address
the needs of America's 17 million-plus leased-car drivers.
We hope to see more financing companies follow BMW's lead."

Previously, BMW Finance was rated "C" on the site.

LeaseTrading.com helps drivers get out of their leases --
without paying an early termination penalty -- by connecting
them with buyers who are looking for great deals on
short-term leases. The Company facilitates the lease
transfer process with its support and proprietary "E-File"
platform, and partners with financing companies and auto
dealers nationwide.

Industry experts project that auto lease transfers will
become a billion-dollar marketplace over the next five
years, as more consumers become aware of the marketplace and
its potential to save them thousands of dollars in exiting a
car lease. Currently, more than 17 million U.S. consumers
drive leased cars -- one out of every three cars driven off
the lot. More than 25% say they would exit their leases if
they could.

About LeaseTrading Inc.

LeaseTrading.com is America's marketplace for car lease
transfers. LeaseTrading.com is a privately-held Delaware
corporation, with offices in California and Connecticut. For
more information, contact Dev Bhatia, at
info@leasetrading.com or call us toll free at 1-888-280-9009.

LeaseTrading.com: Get In. Get Out. For Less.

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