AppOne Releases RECON Score; Proprietary System Enables Lenders to Manage Risk Associated with Indirect Lending Through Independent Auto Dealers

BATON ROUGE, La.--Feb. 9, 2006--AppOne, an Internet-based financial technology provider that offers risk mitigation and financial technology to banks, credit unions and independent auto dealers throughout the continental United States, announced the release of its RECON Score, a proprietary online system for measuring, evaluating and managing the level of risk associated with doing business with independent auto dealers.

As part of AppOne's second generation DealerOne platform, a dealer underwriting system, RECON Score establishes a rating on each associated independent auto dealer using a variety of statistical and financial data on both the business and management staff. The scoring model is based on several factors including business and personal credit histories, historical performance and geographical information. The scoring model is updated to reflect the most current level of risk associated with each dealer.

When independent auto dealers sign up, AppOne's authorized personnel conduct mandatory site visits to inspect the dealerships and conduct initial training on the AppOne systems.

"AppOne's RECON Score system is a practical tool banks can use to reach a segment of the marketplace that is traditionally underserved," said Lee Domingue, CEO of AppOne. "The system provides a solution for mitigating risk and makes servicing the independent auto dealer marketplace profitable for lenders."

AppOne provides an integrated Internet-based loan origination and processing platform that connects independent auto dealers with lenders. Elements of the AppOne platform include DealerOne, a dealer underwriting system; OriginateOne, a Web-based loan-application origination system; and SterlingWare, a software management system for auto dealers. AppOne also supplies dealers with access to lenders, fee-based products, and consulting services and helps lenders market their financial services and products to independent automotive dealers nationwide.

About AppOne

Based in Baton Rouge, La., AppOne Inc. is an Internet-based company offering its AppOne solution that connects independent auto dealers with lenders. The AppOne system relies on the company's proprietary scorecard system, which evaluates an independent dealer to determine the level of risk associated with doing business with that dealer. AppOne provides lenders with a new channel of growth and field representation directly to independent auto dealers nationwide. It also offers independent auto dealers faster financing options for their own customers as well as support services and additional fee-based products. For more information on AppOne, visit the company's Web site at www.appone.net.