CenterOne Financial Services Announces the Launch of Its New Online Repossession and Remarketing Assignment Technology

DEERFIELD, Fla.--Oct. 1, 20057, 2005--CenterOne Financial Services (CenterOne) http://www.centeronefinancial.com, announces the launch of its "Online Repossession and Remarketing Assignment" technology. This new proprietary online, web-based system provides auto finance clients with a quick and easy method of assigning vehicles for repossession and remarketing, using a seamless process, from assignment through financial settlement. CenterOne's new technology will prove beneficial to its clients by offering prompt payments of net sale proceeds, improved inventory turn rates and aggressive floor-pricing strategies.

Features of the Online Repossession and Remarketing Assignment system include detailed, real-time inventory tracking from time of assignment through vehicle sale, and instantaneous access to repossession activity comments and inventory tracking as it happens. This system facilitates the management of a nationwide network of licensed and bonded repossession agents who are continuously evaluated on their performance. It also provides title tracking, vehicle condition reports, auction sales results, and comprehensive and customizable reporting. "We developed this innovative product to proactively respond to clients' needs," said CenterOne Vice President Ed Brown. "With this new technology, they can now assign repossessions more easily and effectively."

A proven performer in providing innovative servicing solutions, and one of the largest, independent remarketers in the automotive industry, CenterOne works with national auctions around the country, selecting the best-performing auction in a given location to remarket its clients' vehicles. CenterOne clients receive on-site representation from its team of experienced auction professionals. In addition, this new, state-of-the-art Online Repossession and Remarketing Assignment system will add efficiencies that will assist CenterOne's clients in maximizing their sales proceeds and reducing their losses on recovered vehicles.

About CenterOne Financial Services (CenterOne)

CenterOne Financial Services (CenterOne) http://www.centeronefinancial.com, headquartered in Deerfield Beach, FL, leverages more than two decades of experience in the automotive industry. Bringing a wealth of knowledge and expertise to its clients, CenterOne's servicing solutions include originations, loan and lease servicing, collections, pro-active remarketing, vehicle remarketing, and back-up servicing. From start to finish, its services are designed to provide value-added solutions. In July 2004, Standard & Poor's gave the company a STRONG rating, the highest rating possible for a consumer finance, automobile loan and lease servicer. This is the first time S&P has ever awarded a rating of any kind in the automotive servicing industry.

CenterOne is a part of JM Family Enterprises, Inc. (JMFE) http://www.jmfamily.com, an $8.2 billion diversified automotive company headquartered in Deerfield Beach, FL. JMFE is ranked by Forbes as the 15th largest, privately held company in the United States. The company is also ranked No. 25 by a survey in Fortune(R) magazine as one of the "100 Best Companies to Work For" in the United States and No. 77 on the InformationWeek 500 listing of the nation's leading information technology innovators. Its principal businesses focus on vehicle distribution and processing, finance and warranty services, insurance products and services and retail sales.