Six New Credit Union Customers Select Teres Solutions SAIL Software to Automate Direct and Indirect Lending; New Customers Represent over $2 Billion in Combined Assets

AUSTIN, Texas--Oct. 5, 2005--Teres Solutions, Inc., a leading provider of direct and indirect lending software to credit unions and financial institutions, today announced that it has signed six new credit union customers. With combined assets of more than two billion dollars the new clients join the more than 35 other credit unions and financial organizations that have already standardized on Teres Solutions SAIL(TM) software to automate and manage their indirect and direct lending programs. New customers that are using SAIL Indirect to automate their indirect lending programs include Navigator Credit Union, TopLine Federal Credit Union, OSU Federal Credit Union, Numerica Credit Union and North Coast Credit Union. 1st Community Federal Credit Union, a SAIL Indirect customer since March 2004, has selected SAIL Direct to automate its direct lending program.

In addition to its new credit union customers, Teres Solutions also announced that Quantum Auto Group has selected SAIL Indirect. The leading brokerage firm for automotive finance will use the SAIL software to accelerate its lending business.

"When we experienced how much SAIL Indirect helped us to streamline, automate and grow our indirect lending program, we wanted the same capabilities for our direct lending program," said Bill Nikolauk, President of 1st Community Federal Credit Union in San Angelo, Texas. "Using Teres Solutions SAIL Indirect and SAIL Direct software together provides us an integrated way to handle both lending programs, while seamlessly interfacing with our core system. To date, we've realized significant loan volume improvements as a result of using SAIL software to streamline and automate our lending processes."

"Attempting to build a successful indirect lending program as a small finance company can be a formidable task," said Syd Ally, President of Quantum Auto Group. "However, Teres Solutions SAIL software simplifies the process by giving us the functionality and flexibility we need to automate manual lending decisions and achieve our growth goals without adding staff."

"Over the past several years we have achieved tremendous momentum in the credit union and financial institution lending automation market because we provide our customers with the advanced capabilities they need at a price they can afford," said Bruce Callen, president of Teres Solutions, Inc. "We are pleased to be working with this new group of top-notch customers and look forward to helping them increase their membership while reducing lending costs."

Teres Solutions' SAIL software products are used by some of the nation's most successful credit unions and financial institutions to automate their indirect lending processes. The SAIL software products significantly reduce the time it takes to review loan applications, request and review credit reports, enter data into core systems, make lending decisions and quickly respond to dealers and members. With SAIL, not only is the lending process more efficient, but existing staff can be more productive by focusing on improving yields through new member acquisition or sales of add-on services. Key features of the SAIL family of products include:

-- Integration with DealerTrack's finance platform for automobile dealerships

-- Automated lending decisions through the SAIL Autopilot module

-- Sophisticated real time reporting

-- Integration with major credit union core systems, including Summit, Symitar and ULTRADATA, Users, and XP

-- Browser-based technology for rapid deployment and maintainability; while hosted from within the credit union's infrastructure for greater security and control

-- Intuitive user dashboard

-- Roles-based security features

-- Automated credit checking

-- Application history lookup

-- Federal regulation compliance

-- Automatic dealer response generation

-- Direct forms integration with almost any form, including Loanliner forms as well as custom forms

-- Integration with NADA

-- Integration with Auto Financial Group for balloon loans

-- Integration with Loanliner.com for member & non-member direct loan origination

For more information about Teres Solutions and its SAIL software products, visit www.teressolutions.com.

About Teres Solutions, Inc.

Teres Solutions, Inc. was founded in 2002 for the express purpose of developing direct and indirect lending software products that define the state-of-the-art for the financial institution market. Its Software Application for Integrated Lending (SAIL) direct and indirect lending products allow financial institutions to streamline lending decisions, increase revenue through enhanced loan application processing efficiency, improve dealer and member relations, and augment loan tracking and reporting capabilities. Teres Solutions has been recognized as a Microsoft certified partner with accredited core competencies. Visit www.teressolutions.com for more information on Teres Solutions, its products and services.

SAIL is a trademark of Teres Solutions, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.