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Budco Teleservicing, Inc. Receives DaimlerChrysler Gold Award

29 August 2000

Budco Teleservicing, Inc. Receives DaimlerChrysler Gold Award

                 Company Selected From Thousands of Suppliers

    DETROIT, Aug. 28 On August 18, 2000 Budco Teleservicing,
Inc. received the 1999 DaimlerChrysler Gold Award recognizing its outstanding
performance as a supplier of DaimlerChrysler Corporation.  The company was one
of 17 service suppliers to receive this distinction.
    "In 1999, Budco Teleservicing outperformed thousands of other suppliers
that DaimlerChrysler uses to support the organization," said Doug Brown,
Senior Buyer, DaimlerChrysler Corporation.  "That is why you are receiving
this award today.  You can be proud that the quality of your work shows and
your customers' expectations have been met."
    To qualify for the award, Budco Teleservicing had to meet or exceed
minimum criteria set by the Corporation's supplier rating system in quality,
technology, delivery, price and overall performance.  In addition, the company
was evaluated on its participation in DaimlerChrysler's Supplier Cost
Reduction Effort (SCORE) program.  SCORE requires of all suppliers that they
proactively identify areas of continuous improvement and ways to eliminate
waste and lower costs in the programs they execute.   Another point of
consideration was the amount of business that is sourced to minority owned
firms.
    Budco Teleservicing supports a number of programs for various departments
within DaimlerChrysler.  These include its Service Contract Direct Marketing
efforts, Jeep(R) division's Camp Jeep(TM) and Provisions merchandise program
and the Mopar division Employee Parts Purchase program.