The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Uniprime Capital Acceptance to Work with RMC Capital

18 August 1998

Uniprime Capital Acceptance, Inc. announces new agreement with RMC, Capital, Inc.
    LAS VEGAS, Aug. 18 -- Uniprime Capital Acceptance, Inc.
has announced that it has reached an agreement in principle
with RMC, Capital, Inc., the commercial finance division of RMC Holdings, Inc.
of Grapevine, TX.
    According to the agreement, RMC Capital, Inc., commercial finance
specialists, would act as the funding agent for Uniprime's retail automotive
dealership acquisition program.
    RMC Capital, Inc. would fund up to 100% of each dealership acquisition
which would give Uniprime the latitude to purchase not only the dealership
business, but wherever applicable, the real estate as well, thereby combining
revenue flow with physical assets to enhance its P&L statements as well as its
balance sheet.
    Uniprime Capital Acceptance, Inc. is embarking on an aggressive dealership
acquisition program and hopes to acquire a total of fifty (50) retail
automotive dealerships between now and the end of the year 2001, which should
place it among the top ten mega-dealership groups in the country.
    In effect, this Agreement would supply Uniprime with virtually unlimited
funds to pursue its goal of becoming one of the premier players in the retail
automotive sales arena.
    For more information on Uniprime, please visit our web site at
http://www.uniprimeinc.com
    Uniprime trades on Nasdaq under the symbol: UPCA.


    Contact: Ed Tabb, Uniprime Capital Acceptance, Inc., 914-831-8103,
             Fax: 914-838-6782