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Uniprime Capital Acceptance, Inc. Announces Buy Back Program

16 March 1999

Uniprime Capital Acceptance, Inc. Announces Buy Back Program For Outstanding Stock

    LAS VEGAS--(AutomotiveWire)--March 16, 1999--Uniprime Capital Acceptance, Inc. (OTC BB: UPCA) announced that its Board of Directors has authorized the buy back of up to 1,000,000 shares of its common stock.
    Several dealership acquisitions are nearing completion and funding is in place to assure that they will close without any further delays. Uniprime anticipates further acquisitions throughout 1999.
    In addition, with numerous opportunities for single and multi-location acquisitions Uniprime views its stock as a valuable asset and an essential ingredient toward accomplishing its overall acquisition goals.
    Uniprime has been highly selective in singling out potential acquisitions in keeping with its philosophy of seeking to acquire underachieving operations which can be dramatically improved within a 90 - 180 day period. As a result, while many opportunities were presented to the company, most did not meet the necessary criteria.
    Uniprime Capital Acceptance, Inc. is embarking upon an aggressive dealership acquisition program and looking to acquire a minimum of fifty (50) retail automotive dealerships between now and the end of the year 2001, which it believes will place it among the top ten mega-dealership groups in the country in overall unit sales.
    The Company intends 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.