News & Events


Tuesday, February 20, 2007
AppOne Experiences Rapid Growth in 2006
BATON ROUGE, LA – AppOne, a provider of Internet-based risk mitigation and financial technology to banks, auto finance companies and independent auto dealers throughout the continental United States, announced its growth report for the 2006 fiscal year.

The company’s growth in 2006 focused on increasing participation in its dealer and lender networks and continuing the national rollout of its products and services within its networks of dealers.

Highlights of AppOne’s dealer and lender participation during 2006 included:

• 259 percent increase in number of independent auto dealers in the AppOne network, bringing the total number of   dealers to 1,500 in 39 states.
• 67 percent increase in the number of loan applications submitted to lenders through the AppOne network,   including a 120 percent increase in the fourth quarter over the same period in 2005.
• Integrated AmeriCredit and Tidewater Finance into the AppOne lender network to bring the total number of   participating financial institutions to six, including Capital One, Crescent Bank, Trustmark Bank and Wells Fargo   Auto Finance.
• Built strategic relationships with best in class product providers and engaged their network of more than 250   independent agents to refer dealers to the platform.

New features to the AppOne platform included:

• Product Marketplace, enables dealers on the platform the ability to select and write vehicle service contracts and   other aftermarket products online, including real-time pricing, policy auto enrollment, premium remittance and forms   preparation.
• MenuOne, a new menu-selling feature that displays multiple financing options for the consumer purchasing from   the independent dealers on the platform.
• Credit Bureau integration, the ability for the independent dealers to access and purchase credit bureau reports   online.
• Integration to Route One, allowing lenders on the Route One platform to join AppOne with little or no integration   resource allocation.
• Feature that automatically generates “adverse action letters,” enabling independent auto dealers to effortlessly   stay in compliance with the Fair Credit Reporting Act.

Highlights of AppOne’s corporate growth in 2006 over 2005 included:

• The number of AppOne employees grew 96 percent.
• Revenue grew 87 percent.

“We continue to add independent auto dealers and lenders to AppOne’s network in order to meet the tremendous growth demands for the independent auto market,” said Lee Domingue, CEO of AppOne. “In 2007 we will further expand our ability to enable independent auto dealers to better compete with franchise dealers and to provide a mechanism for lenders to profitably work with this underserved segment of the auto marketplace.”

About AppOne
Based in Baton Rouge, La., AppOne is an Internet-based company offering its AppOne solution that connects independent auto dealers with lenders. The AppOne system relies on the company’s proprietary scorecard system, which evaluates an independent dealer to determine the level of risk associated with doing business with that dealer. AppOne provides lenders with a new channel of growth and field representation directly to independent auto dealers nationwide. It also offers independent auto dealers faster financing options for their own customers as well as support services and additional fee-based products. For more information on AppOne, visit the company’s Web site at www.appone.net.