News & Events


Monday, January 08, 2007
AppOne's Strategic Alliance with AmeriCredit Goes National
BATON ROUGE, LA – AppOne, a provider of Internet-based risk mitigation and financial technology to banks, auto finance companies, credit unions and independent auto dealers throughout the continental United States, announced the national rollout of its strategic alliance with independent auto-finance company AmeriCredit, a prominent lending source to the automotive industry.

The alliance offers AmeriCredit, headquartered in Fort Worth, Texas, the capability of receiving credit applications from more than 1,100 independent auto dealers within AppOne's quickly growing nationwide dealer network. These dealers connect to AmeriCredit through the AppOne platform, a scalable and seamless solution to process loan applications for independent auto dealers.

The pilot program started in October has expanded to include 14 states, including Alabama, Florida, Georgia, Louisiana, Mississippi, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee and Texas. In addition, the program will further expand to include all 48 states within the continental United States by February 2007.

“AppOne’s growing dealer base enabled AmeriCredit to gain immediate market share in the underserved independent auto dealers market,” says Kyle Birch, AmeriCredit's executive vice president of Dealer Services. “The ability to complement our existing risk management efforts through AppOne’s platform provides us with an even greater opportunity to expand our independent dealer business.”

“This partnership provides our dealers with added financing alternatives, obtainable through AmeriCredit, a leading financing provider in the United States and Canada," says Lee Domingue, CEO of AppOne. "Having access to a key financing source such as AmeriCredit allows independent auto dealers to compete more effectively against franchise owners who are moving into the used car market space.”

AppOne's services are accessed through its Web-based loan origination platform for independent auto dealers. Elements of the AppOne portal include DealerOne, a dealer underwriting system; RECON, a dealer scoring system and DMSOne, a software management system for independent auto dealers.

About AmeriCredit
AmeriCredit Corp. is a leading independent automobile finance company that provides financing solutions indirectly through auto dealers and directly to consumers in the United States and Canada. AmeriCredit has approximately 1 million customers and $12 billion in managed auto receivables. The company was founded in 1992 and is headquartered in Fort Worth, Texas. For more information, www.americredit.com.

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.