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Uniprime Capital Acceptance Announces Major Leasing Agreement

2 February 1999

Uniprime Capital Acceptance, Inc. Announces Major Leasing Agreement


    LAS VEGAS--(AutomotiveWire)--Feb. 1, 1999--Uniprime Capital Acceptance, Inc. (OTC BB:UPCA) (Uniprime) announced that it has concluded a major agreement with a West Coast based nation-wide leasing organization to provide lease financing to retail automotive dealerships throughout the United States.
    The agreement will enable Uniprime to be instrumental in providing the financing for leasing of new and used vehicles for customers with any type of credit profile, from excellent to poor.
    Uniprime has been a leader in the development and implementation of non-prime financing and is expected to use its consulting and training expertise to assist dealers in setting up non-prime financing departments, which significantly less than 50% of dealerships nationwide now have.
    Non-prime financing is one of the fastest growing and most profitable sectors of automotive customer financing and the demand for non-prime funds is overwhelming, as over 60% of customers do not qualify for standard financing and the number is projected to escalate dramatically by the turn of the millennium.
    Uniprime has already conducted its test marketing to determine the receptiveness of the program and the feedback has been overwhelmingly positive, with many dealers already committing to the service.
    This relationship is expected to provide Uniprime with a large stream of cash flow on an on-going basis which will continue to increase as more and more dealers are added to the program.
    For more information regarding the above, please contact the company directly at (888) 892-2002 or e-mail upca@earthlink.net.
    Uniprime is currently trading NASDAQ - OTC Bulletin Board. Symbol: UPCA
    The Company intents that such statements regarding the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "safe harbors" provision of the Private Securities Litigation Reform Act of 1995.