Curomax Appoints Ted Davis Vice President Dealer Development, North America

MISSISSAUGA, Ontario--May 2, 2005--Curomax, a leader in dealer finance e-commerce solutions and the originator of the premier multi-asset finance portal in North America, announced today it has appointed Ted Davis vice president Dealer Development, North America to help further target the U.S. recreational vehicle (RV), marine, power sport and automotive markets. Curomax has experienced tremendous growth as the marketplace continues to recognize the need for a multi-asset finance solution.

In this position, Davis will be responsible for all dealer focused external sales and sales support activities in both the United States and Canada.

"Our expansion into the United States marketplace is driving our need to align management and leadership resources to serve our expanding dealer markets," said Patrick Staudt, senior vice president of Dealer Services, North America for Curomax. "Since joining Curomax five years ago, Ted has played a key role in contributing to the growth that our company has achieved, and I am confident that he and our growing sales force will continue to build the foundation upon which we will thrive and further establish our leading position within the financial services industry."

Serving for five years as Curomax's vice president of Dealer Services, Canada, he was responsible for recruiting and training an external and internal sales team that, today, has relationships with more than 7,500 dealerships in Canada. He was also responsible for building the Dealer Support Group that serves Curomax customers in North America.

Davis has more than 20 years of automotive finance and lease experience. Prior to working with Curomax, Davis spent six years in the aftermarket warranty and credit insurance business as vice president sales, Eastern Canada for Creditor Resources Canada. His automotive career began in Florida with Oxford Resources Corp. and later with their Canadian subsidiary, Trexar Inc.

About Curomax

Curomax and its industry leading on-line finance platform connects 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 9,000 automotive, recreational, marine, power sport and home improvement retailers in North America 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.