AppOne and Payless Car Sales Form Strategic Alliance

AppOne, a part of Wolters Kluwer Financial Services, and Payless Car Sales, Inc. today announced a strategic alliance to provide Payless Car Sales dealers access to the AppOne platform, the leading Internet-based risk mitigation tool for independent auto dealers. The AppOne platform provides Payless dealers with access to prime and subprime lenders; the ability to price and print documentation for aftermarket products, along with documentation required for each loan; and access to AppOne’s MenuOne, a user-friendly online sales tool offering financing alternatives that dealers can customize for presentation to car buyers. In addition, AppOne’s dealer services will support Payless franchisees, assisting in the completion of financing transactions while ensuring compliance with all state and federal lending regulations. AppOne utilizes the only warranted document content in the industry—Wolters Kluwer Financial Services’ compliance content, which is built upon more than 50 years of experience and knowledge behind Wolters Kluwer Financial Services’ Bankers Systems product line. The Payless Car Sales franchise system is designed to help qualified independent used car dealers sell more cars. Through affiliation with its nationally recognized and trusted brand, Payless provides "preferred vendor” relationships with floor plan providers, retail lenders, F&I product and other industry suppliers; unique access to off rental inventories; on-going consulting from a professional staff; next-generation virtual online advertising and marketing tools and a strongly optimized, highly visible and nationwide lead generating website. Payless will soon add a virtual online dealer training program and business development center to its wide array of franchisee benefits. "We are continually looking for tools that help our dealer franchisees stay ahead of their competitors,” said Mike Harley, Payless president and COO. "With its cutting-edge technology, compliance expertise and financing assistance, the AppOne platform does this on a number of different levels.” "With the intense competition in the auto industry right now, our goal is to help independent dealers build the financial and technological resources they need to sustain their business,” said Lee Domingue, CEO of AppOne. "AppOne not only helps them compete with the larger franchise dealers, but it also allows them to devote as much time as possible to what they do best—marketing and selling vehicles.” About Payless Car Sales, Inc. Payless Car Sales, Inc. was initially formulated to provide a sales platform for disposing of rental vehicles for its sister company Payless Car Rental. It became a separate entity in February 2002 and has now grown to over 50 locations in 16 states and Puerto Rico. To learn more about the Payless Car Sales franchise opportunity and to see their inventory of quality, pre-owned vehicles nearest you visit: www.PaylessFranchise.com and www.PaylessCarSales.com. About AppOne Based in Baton Rouge, La., AppOne, a part of Wolters Kluwer Financial Services, is an Internet-based company offering a technology solution that connects independent auto dealers with lenders. The AppOne system relies on the company’s proprietary scorecard system, which evaluates each independent dealer to determine the level of risk associated with doing business with that dealer. It also automates the funding process for dealers by printing all documents required to complete the booking of auto loans. AppOne provides lenders with a new channel of growth and field representation directly to independent auto dealers nationwide. It offers dealers faster financing options for their customers, support services and additional aftermarket fee-based products. For more information on AppOne, visit www.appone.net. About Wolters Kluwer Financial Services Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services, AppOne® GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street®. Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com. Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.wolterskluwer.com for information about our market positions, customers, brands, and organization.