Curomax Limited Enhances Presence In the United States by Targeting the Recreational Vehicle, Marine and Power Sport Markets; Online Solution Connects North American Lenders and Dealers

MISSISSAUGA, Ontario--Sept. 20, 2004--Curomax Limited, a North American leader in dealer finance e-commerce solutions and the originator of the premier multi-asset finance portal in Canada, announced it will enhance its presence in the United States by providing Internet-based loan origination capabilities to the country's recreational vehicle (RV), marine and power sport dealerships and lenders.

Curomax's Internet loan origination platform will now enable RV, marine and power sport dealers throughout the United States to submit consumer lease and loan applications to multiple credit providers inside a single, secure online application. This enables dealers to enhance their ability to access financial capital for their customers, improve operational efficiencies, reduce business costs and improve product offerings.

Curomax's entrance into these new markets complements their existing United States presence in the automotive industry. Curomax currently hosts an e-commerce origination channel for New Orleans, La.-based Hibernia National Bank, its dealers and selected vendors. Hibernia uses Curomax to offer online automotive financing options, programs and services to automobile dealers and vendors in Louisiana and Texas.

"Our expansion into the United States RV, marine and power sport dealer market is a natural progression for us as we are currently facilitating on-line relationships between more than 4,000 automobile dealers in Canada and the United States and another 1,500 RV, marine and power sport dealers," said Alan Bird, president and CEO of Curomax Limited. "Electronically linking RV, marine and power sport dealers with lenders throughout the United States will significantly improve finance processing and enable the financial institution to deliver data quickly, automate loan decisions and more efficiently manage their business. Providing this e-commerce solution to dealers will allow them to finance assets for their customers in real time and help them gain a competitive advantage in their marketplace. We are currently in discussions with several lenders and anticipate several announcements in the near future."

Dealers use Curomax to submit transactions to the lender of their choice, obtain on-line, real-time credit decisioning, update deal status and produce all necessary contract documentation. In addition, Curomax's industry leading communication platform enables dealers and credit officers to efficiently facilitate deals online that require further information to be completed successfully.

About Curomax

Curomax and its industry leading on-line finance portal links dealers across North America to financial institutions and other aftermarket suppliers through a single application over the Internet. Lenders originating business through Curomax are dramatically improving their operational efficiencies, reducing their business costs and improve their product offering to dealers across the United States and Canada.

More than 5,500 automotive, recreational, marine, power sport and home improvement retailers are secure in the knowledge that the loan or lease structuring information provided through Curomax is precise and designed to maximize rapid response from the selected lender. For additional information about Curomax, visit the company's Web site at www.curomax.com.