Teres Solutions Launches New Hosted Indirect Lending Software Offering; SAIL Express Helps Credit Unions Get Automated Lending Programs Up and Running in Less Than 30 Days

AUSTIN, Texas--June 28, 2006--Teres Solutions(TM), Inc., a leading provider of direct and indirect lending software to credit unions and financial institutions, today announced the availability of SAIL(R) Express, a hosted version of the SAIL indirect lending software solution, which is designed to automate all aspects of an organization's lending processes. Advanced features available in SAIL Express include: seamless integration with the DealerTrack and RouteOne finance platforms; automated loan decisioning capabilities; integration with all three credit bureaus; and interfaces to leading core systems. Together, these capabilities provide credit unions with a completely automated indirect lending program that streamlines their lending processes and provides members with faster responses to loan applications. In addition, because SAIL Express is a hosted solution that resides outside a credit union's IT infrastructure, customers can be up and running with their automated lending programs in less than 30 days and be free from the ongoing responsibilities of managing software on their own.

"We are dedicated to providing all kinds of credit unions and financial institutions -- big and small -- with the right lending software for their specific needs," said Steve Maloney, vice president of Teres Solutions. "The new SAIL Express offering gives customers with limited IT budgets a new cost-effective solution that provides them the powerful lending automation features they need without having to run the software themselves."

SAIL Express helps credit unions automate lending processes for all types of indirect loans, including auto loans and more. The software can be configured to automatically pull credit reports and make loan and funding decisions based on criteria set up by the individual credit union or institution. SAIL Express also provides powerful reporting capabilities that can be used to track and audit the entire lending business process. Credit unions can automatically generate real-time reports on loan production, loans by branch, loan amortizations, loan yields, departmental production and more. They can also select from a series of standard reports, which can be instantly exported into an Excel spreadsheet.

Teres Solutions SAIL software family is used by some of the nation's most successful credit unions and financial institutions to automate their indirect and direct lending processes. With SAIL software, not only are lending processes 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:

-- Electronic integration with both the RouteOne and DealerTrack finance platforms for automobile dealerships;

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

-- Automated lending decisions through the SAIL Autopilot module;

-- Sophisticated real time reporting;

-- Browser-based technology for rapid deployment and maintainability;

-- Intuitive user dashboard;

-- Roles-based security features;

-- Automated credit checking;

-- Application history lookup;

-- Federal regulation compliance;

-- Automatic dealer response generation;

-- Integration with NADA Guides and Kelly Blue Book;

-- Integration with top three credit providers;

-- Integration with Auto Financial Group for balloon loans.

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 registered trademark and Teres Solutions 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.