AppOne Forms a Strategic Alliance with The Evoleno Company; Offers Integrated Vehicle Service Contracts, GAP Products

BATON ROUGE, La.--June 5, 2006--AppOne, a financial technology services company, has formed an alliance with The Evoleno Company (TEC), a vehicle after-market development and marketing company, to offer its Velocity vehicle service contracts and GAP products to independent auto dealers.

As part of the alliance, TEC is migrating its 2,000 dealers onto the AppOne platform, an integrated, Internet-based loan origination and processing platform that connects independent auto dealers with lenders, while AppOne makes TEC's products and services available to its own network of dealers. These dealers receive several benefits through the alliance that include real-time pricing and coverage quotes; online forms printing and automated policy enrollment and payment, in which AppOne withholds and remits the cost of products directly to TEC on behalf of the dealer. The alliance also provides a greater level of protection for consumers who are buying a Velocity vehicle service contract and GAP products from independent automobile dealers.

"Failure to properly and promptly remit premiums for after-market products is a growing concern, especially in the independent auto dealer market," said Lee Domingue, CEO of AppOne. "Some car buyers find they own products that are not enrolled for valid coverage, which often leads to unpaid claims and a variety of other hassles. Our integrated system corrects this problem because it automatically enrolls and makes payment on behalf of the dealer once a lender funds a loan."

"This alliance eliminates the uncertainty car buyers face when arranging financing and offers one-stop access to dealers interested in providing after-market and back-end products," said Susan Marino, managing partner of The Evoleno Company. "The new integrated technology brings the dealer and TEC closer together to deliver better service to car buyers."

About The Evoleno Company

The Evoleno Company is a vehicle after-market development and marketing firm. The company services and distributes vehicle programs nationally to automobile dealers, corporate accounts and through its independent agent network. For more information on TEC, visit the company's Web site at www.evolenoco.com.

About AppOne

Based in Baton Rouge, La., AppOne 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.