J.D. Byrider Systems, Inc. Offers Comprehensive Dealer Business Software System

INDIANAPOLIS--March 22, 2004--Carmel, Indiana-based J.D. Byrider Systems, Inc. today announced the launch of their Discover software system to qualified Buy-Here Pay-Here dealerships in the United States. Independent dealers can now utilize the same software that helped build the nation's largest used car franchise system. J.D. Byrider Systems has developed software for the BHPH dealer since 1989. The Discover system is the latest generation of software used by J.D. Byrider Systems and its franchisees nationwide since 2001.

This comprehensive software package gives dealers the infrastructure to run their business more efficiently and effectively. Discover offers a completely integrated business software system that provides the inventory, sales, finance, collections, and accounting features necessary to succeed in the Buy-Here Pay-Here business.

J.D. Byrider Sr. VP Mike Maenhout shares his enthusiasm for the release of the successful Discover software system, saying, "We are very pleased to offer this powerful business system to other BHPH dealers. It has a proven track record of improving business operations and offers a fully-integrated solution to help dealers manage their business for maximum profitability."

J.D. Byrider systems will offer "Discover Days" seminars to dealers beginning in April at their corporate headquarters. They plan to roll out a complete campaign for the Discover system at the NABD Trade Show in Las Vegas, NV on May 26, 2004-28 and the National Independent Automotive Dealer Association convention in Dallas, TX on June 10-12.

For more information or to arrange your personal Discover Day, contact Greg Delks, VP Discover Software 1.866.966.1212 or gregd@discover-software.com

Comprehensive features of the Discover software program may be found in the following attached fact sheet.

Discover Software Fact Sheet

Discover is a comprehensive business software system for Buy-Here Pay-Here sales, financing, and daily operating procedures. Discover provides the management controls and reports to oversee the quality and integrity of the business. Discover goes beyond the day-to-day decisions and provides dealers with the information to direct their business into the future.

-- Used successfully by over 3500 users for the past 3 years. The Discover system supports the following:

-- Nearly $700 million in receivables

-- Over 3 million customer contacts

-- Over 75,000 yearly vehicle sales

-- Over 2.7 million yearly payments

-- Over 5 million yearly reports

-- Over 4 million yearly accounting transactions

-- Nearly 9 million yearly collection notes.

-- Discover provides the following integrated functions:

-- Comprehensive reporting and management for the daily user

-- Fully integrated accounting system with GL/AP/AR

-- Vehicle inventory and management system

-- Vehicle service

-- Sales control for customer follow up and tracking

-- Loan writer for deal structure and delivery

-- Credit bureau pulls and reporting

-- Budget analysis

-- Credit scoring and underwriting

-- Loans receivable for payment processing and loan management

-- Collections for delinquent accounts, refinancing, collateral subs, and repossessions

-- Training

-- On-site training for the Discover software package includes software, installation, operating support, and hardware support