eOriginal Licenses Advanced eContracting Software to Curomax; Curomax To Expand Web-Based Financing Services for Dealers and Lenders in RV, Marine and Automotive Markets
SAN DIEGO--April 8, 2005--eOriginal, Inc., and Curomax Limited announced today at the Curomax User Conference that Curomax is entering into an agreement to implement eOriginal's eContracting technology as part of the Curomax on-line dealer finance applications for Canada and the United States. Since its inception in 2000, Curomax has allowed dealers and consumers to create and access electronic contract forms through its web applications. The addition of electronic signatures and the resulting "Authoritative Copies" are the logical and progressive next steps in the evolution of the Curomax platform."Curomax applications offer dealers and lenders an integrated solution designed to support not only rapid credit-decision response, but also the efficient funding of a loan or lease and resulting payment to a dealer," said Alan H. Bird, president and CEO of Curomax. "We have originated more than $11 billion (U.S.) in financing transactions with more than a dozen North American dealer finance sources. Adding eOriginal's capabilities for electronic signatures and eContracting enables us to provide the final piece of a fully digital loan for the benefit of consumers, dealers and lenders."
eOriginal has led the long-term development of fully electronic transactions which now makes it possible for this new form of e-commerce to gain wide acceptance across the dealer finance industry. Curomax eContracts will be available for automotive, marine, recreational vehicle and power sport lending transactions financed by its lender partners.
"eOriginal continues to fulfill the security, technology and compliance needs for dealership-based, on-line lending throughout North America," said Steve Bisbee, president and CEO of eOriginal. "Our technology and expertise enable Curomax to fully automate the funding process for markets that originate nearly $1 trillion in new financing transactions annually. Curomax and its participating lenders may now originate and securely transfer eContracts via the Internet to a lender's data center utilizing our Vault-in-a-Box offering. We continue to enhance our technology and services for managing transferable electronic records in the dealer finance community. With this success in dealer finance, we expect the eMortgage and eLease markets to accelerate their adoption of similar processes."
About Curomax
Curomax and its industry leading on-line finance platforms connect dealers across North America to provide access 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 improving their product offerings to dealers across the United States and Canada.
More than 6,500 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.
About eOriginal
eOriginal, Inc. is a leading software and services provider offering integrated solutions for creating and managing electronic contracts, transferable negotiable instruments, and original source records. eOriginal's software enables enterprises to sign and secure online business agreements in which legally enforceable electronic documents completely replace paper as the essential high value assets. eOriginal solutions provide compliance for managing electronic signatures and transferable records under E-Sign, UETA and UCC Revised Article 9.105. eOriginal Vault-in-a-Box, eOriginal SmartSign and eOriginal eCore Business Suite are trademarks of eOriginal, Inc. eOriginal is headquartered in Baltimore, Md. For more information, visit www.eoriginal.com.