AutoTrakk Launches Rapid Approval System

MONTOURSVILLE, Pa.--Sept. 11, 2006--AutoTrakk, a growing consumer finance company in the auto industry specializing in the sub-prime market, announced the launch of a new Rapid Approval System (RAS) designed to expedite the approval of consumer auto finance applications. According to AutoTrakk president Robert Malcolm, the proprietary software system analyzes specific non-traditional data in addition to standard credit information and presents results almost instantaneously for review by a member of the AutoTrakk underwriting team.

While consumer credit scores are still a key ingredient in the equation, the AutoTrakk system also considers less obvious factors such as length of residency in a community and the time an applicant has spent in a given profession. The AutoTrakk application actually provides the consumer with the opportunity to submit a narrative explaining his or her circumstances.

"Our goal with this new system," explained Malcolm "is to reduce the time required to qualify and approve a customer for AutoTrakk financing. Our unique system has always enabled our dealers to obtain financing for customers when other dealers couldn't. Now we're making a concerted effort to approve that customer even faster than ever before. We've even introduced a 10-minute program for our larger volume dealers."

Malcolm also emphasized that while the new system gathers and analyzes information quickly, the actual decision is always made by an experienced member of AutoTrakk's underwriting team, not by a computer system.

The proprietary AutoTrakk system combines low weekly payments and an electronic payment reminder device. This unique combination makes payments easier for the customer and at the same time, minimizes the risk normally associated with extending credit to those with a less than ideal credit history. AutoTrakk financing is available only through authorized AutoTrakk dealerships.

Founded in 2001, by successful auto dealer Blaise Alexander, AutoTrakk now serves more than 200 auto dealerships in the Mid-Atlantic and Midwest. The AutoTrakk corporate offices and operations center are located in Montoursville, Pennsylvania.

AutoTrakk can be found on the Internet at http://www.autotrakk.com.