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Unistar Completes Acquisition of 19 AMSCOT Auto Insurance Offices

18 January 1999

Unistar Completes Its Acquisition of the 19 AMSCOT Auto Insurance Offices in Florida

    DALLAS, Jan. l8 -- Unistar Financial Service Corp.
(OTC Bulletin Board: UNSF) (UNSF), acquires AMSCOT Auto Insurance Agency, with
19 locations throughout Florida.  AMSCOT currently offers the following
financial services:

    -- Auto Insurance
    -- Check Cashing
    -- Tax Services

    Marc A. Sparks, Chairman and CEO of Unistar Financial Service Corp.,
states, "Our AMSCOT agency acquisition is an excellent platform for our
foundation into the Florida auto insurance market place.  In addition to our
appointed agency force of over 400 auto insurance agents, we now have a
company owned agency distribution force of 91 locations in both Texas and
Florida.  We anticipate an aggressive expansion throughout the southeast.  The
southeast region will be managed by Mark Margolis and Barry Zimmerman.  These
gentlemen have extensive experience of the vast auto insurance and premium
finance industries in Florida, Georgia and South Carolina.  We are fortunate
to have them in the Unistar family.  This acquisition continues our crusade of
becoming a provider of quality insurance products nationwide."
    Headquartered in Dallas, Texas, Unistar Financial Service Corp. is a
leading fully-integrated financial service holding corporation, specializing
in auto insurance, renter's insurance, premium financing, and insurance claims
management.  Unistar Financial Service Corp.'s wholly-owned subsidiaries
include U.S. Fidelity Holding Corp., Great Southern, First Choice, Peak
Underwriters, and Advanced Underwriters -- managing general agencies, Unistar
Auto Insurance Agencies -- retail auto insurance agents, Renter's Plus --
tenant insurance, Eagle Premium Finance Co., Eagle Claims Corp. -- an auto
insurance claims company, Talon Financial Services -- a reinsurance brokerage,
and International Surety & Casualty Company, a property and casualty insurance
company.  Additional information is available at: http://www.unistarfinancial.com, or
at http://www.prnewswire.com -- Company News on Call.
    The forward-looking statements in this news release involve risks and
uncertainties and are subject to change based on various factors, including
competitive conditions in the insurance industry, unpredictable developments
in loss trends, changes in loss reserves, in market acceptance of new
coverages and enhancements, and changes in levels of general business activity
and economic conditions.