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Greenlight.com Teams up With Credit Online

28 August 2000

Greenlight.com Teams up With Credit Online to Expand Online Financing Options

    ANNAPOLIS JUNCTION, Md., Aug. 28 Credit Online, Inc., a
wholly owned subsidiary of Credit Management Solutions, Inc. (CMSI)
today announced the formation of a strategic partnership with
Greenlight.com, a leading online car buying company, to offer new car buyers
more options to quickly obtain online financing at the Greenlight.com Web
site.
    By partnering with Credit Online, Greenlight.com can provide its customers
with the ability to obtain fast and convenient online financing through the
patented CreditOnline network and CreditConnection(R) service. This innovative
technology instantly and electronically connects a customer's credit
application to credit bureaus, and multiple funding sources or "electronic"
lenders throughout the U.S. and Canada via the Internet. The service is
available 24 hours a day, seven days a week, expediting the credit application
approval process from days to minutes.
    Greenlight.com improves the car-buying process for consumers by offering
them low upfront pricing on the exact vehicle they want, a dedicated live
account manager, the ability to arrange for online financing, and support from
Greenlight's network of local dealers. Greenlight.com customers can apply for
a loan online or over the phone at any time -- in less than 15 minutes. By
working closely with local dealerships, Greenlight also offers its customers
long-term service and support.
    "We are pleased to become a strategic partner with Greenlight.com," said
Howard L. Tischler, Credit Online's President and CEO. "Greenlight.com's
strategy of working with the most customer service-oriented dealers across the
country complements our track record of providing exemplary service and
innovative solutions to both dealerships and lenders."
    "Arranging financing can be the most complicated and time-consuming part
of the new car-buying process," said Joel Manby, CEO of Greenlight.com. "By
partnering with Credit Online's CreditConnection, Greenlight.com is able to
simplify the process and assist all of our customers with their specific
financing needs."