If You Don't Pay On Time You Can't Start Your Car -ON TIME(R) Car Device Available in the UK

British Financial Institutions Set To Use American System Designed for Credit Challenged Customers

LONDON, July 13 -- In a move that helps to address one of the biggest problems facing all auto dealers and finance companies, California- based Payment Protection Systems, Inc. (PPS), announced today that its renowned ON TIME device is now available to financial institutions throughout the United Kingdom. PPS is exhibiting ON TIME; the company's patented starter interrupt system that ensures timely collection of customer payments, at The British International Motor Show 2006 in London, at Booth No. 455 (Mistique Investments Booth).

The ON TIME payment system is used extensively throughout the United States, Canada, Mexico, New Zealand, and Cyprus by lending institutions that provide automobile financing to individuals who are sub-prime or high credit risks. Installed under a car's dashboard, ON TIME is an electronic starter- interrupt unit that tracks payments and prevents a vehicle from starting if a customer's scheduled payment is not made.

"We are in the process of expanding our international distribution network as more and more financial institutions around the globe realize the bottom- line benefits of the ON TIME system as a credit enhancement tool," said Mike Simon, president and founder of PPS. "This latest move represents an exciting new opportunity for us, and we look forward to providing the system to organizations throughout the United Kingdom."

There are currently more than 200,000 ON TIME devices being used by car dealerships throughout North America assuring payment on more than $1.6 billion of auto loans. As a result, dealers and distributors have reported significant decreases in late payments and repossessions. In many instances, delinquency and repossession rates have dramatically dropped to levels lower than three percent, as compared to previous American industry averages that range between 20-30 percent.

About Payment Protection Systems:

PPS was founded in 1997 by a senior management team with automotive and lending experience to develop and bring new technologies to the non-prime lending market. After two years of proprietary research to develop a product for use in the finance industry, PPS, which is based in Temecula, California, introduced the ON TIME System, the first patented software driven high-tech product developed specifically for the high-risk credit community. For more information, please visit www.ppsontime.com or contact the Sales Department on +1 (951) 296-5677 or contactus@ppsontime.com.