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World Omni Financial Corp. Adds Internet-based Auto Financing to its Dealer Services with e-fin, LLC

7 December 2000

World Omni Financial Corp. Adds Internet-based Auto Financing to its Dealer Services with e-fin, LLC

    HICKORY, N.C., Dec. 7 One of the nation's largest
automotive finance companies, World Omni Financial Corp. (World Omni), today
announced a new addition to its comprehensive offering of loan and loan-
related services for dealerships around the country. World Omni is a leading
provider of services for retail financing, consumer loans and leases,
commercial lending, wholesale inventory financing and dealership working
capital services. Now, the lending leader has selected e-fin, LLC, to provide
the very latest in Internet-based auto credit transactions. As an indirect
auto finance channel, e-fin, LLC, ( http://www.e-fin.com ) is the first and most
comprehensive online service of its kind. The technology is designed
specifically to enhance the lender/dealer transaction process, allowing both
parties to share information and build relationships in the most efficient and
effective manner possible.
    "World Omni's primary focus is the automotive industry and third-party
servicing -- partnering with dealers to help them succeed," says Lou Feagles,
president of Financial Services, World Omni. "The electronic channel that
e-fin has developed for us will take the communication, marketing and
processing exchange between us and our extensive, national dealer network to a
whole new level. It fits perfectly with our company mission to thoroughly
understand and support the entrepreneurial spirit that drives successful
dealers."
    "World Omni's philosophy and reputation reflect the very reason why we
developed this type of electronic financial channel in the first place,"
states e-fin Chief Executive Officer David A. Sinclair. "We help elevate and
enhance the excellent business already being conducted among industry leaders
like Word Omni and successful dealers, making the exchange of loan information
and related marketing functions easier, faster, and more efficient than ever
before possible."
    Headquartered in Deerfield Beach, Fla., World Omni is a wholly owned
subsidiary of JM Family Enterprises (JMFE) ( http://www.jmfamily.com ), a
$6.6 billion diversified automotive company. Ranked by Forbes magazine as the
19th-largest privately held company in the United States, JMFE is a recognized
leader in the automotive industry. Its principal businesses focus on vehicle
distribution and processing, finance and warranty services, and insurance
products and services.
    More than 250 dealers nationwide have chosen e-fin, LLC, as their source
for electronic credit transactions, giving them access to a variety of
available lending sources, from prime to subprime. Through easy web access,
e-fin provides dealers with access to their preferred financing resources
while decreasing application approval time and providing direct access to
pertinent lender documents and other lender communications.
    To learn more about the service, visit the e-fin Web site at
http://www.e-fin.com , or contact their corporate offices at e-fin, LLC, 406 3rd Ave.
N.W., Hickory, NC, 28601; Tel: 828-267-0001/Fax: 828-267-0211; Email:
das@e-fin.com .