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