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Consumer Portfolio Services Inc. Announces Management Changes

3 June 1999

Consumer Portfolio Services Inc. Announces Management Changes

    IRVINE, Calif.--June 3, 1999--Consumer Portfolio Services Inc. Thursday announced the resignation of its Chief Financial Officer, Jeffrey P. Fritz.
    Fritz will be pursuing an opportunity with a privately held company that engages in telemarketing. James L. Stock, vice president and corporate controller, will assume the additional responsibilities of acting chief financial officer.
    "We are sorry to see Jeff go and wish him the best of luck in his new endeavors," said Charles E. Bradley, Jr., president and chief executive officer of Consumer Portfolio Services, "we have great confidence in the abilities of Jim Stock, who has played a key role and handled much of the accounting and finance responsibility since December 1994."
    Separately, Consumer Portfolio Services announced that it has engaged CS First Boston to explore opportunities to enhance shareholder value.