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Monday, January 31, 2005

ACC Consumer Finance Joins Growing List of Lenders on Bankers Integration State of the Art Auto Finance Platform

ACC Consumer Finance Joins Growing List of Lenders on Bankers Integration State of the Art Auto Finance Platform

LAGUNA NIGUEL, Calif., Jan. 31 /PRNewswire/ -- Bankers Integration Group (BIG), Inc., headquartered here, announced today that ACC Consumer Finance, LLC, is joining the expanding list of lenders available on its state of the art decision engine BIGFNI(TM), which approves auto loans in real time for auto dealers.

The announcement came during BIG's appearance in the National Automobile Dealers Association (NADA) annual meeting being held in New Orleans through Feb. 1.

BIG is being spearheaded by former Ford Motor Chairman Harold "Red" Poling and former Executive Vice President of Global Sales and Marketing for DaimlerChrysler Ted Cunningham.

Rocco Fabiano, Frank Mercer and John Murray founded ACC, adopting the same name as the company originally founded by Fabiano in 1993, which was subsequently sold to Household International and became Household Automotive Finance. While at the original ACC and then Household Automotive Finance, the management team helped create a new standard within the sub-prime automotive finance industry by profitably originating and servicing over $10 billion in installment contracts.

"The addition of ACC adds yet another alternative for our dealer customers," said Michael Dunn, BIG chairman and chief executive officer, "providing them more options with greater depth, thereby helping them find the right financing for customers."

"BIGFNI and its state of the art technology fits nicely in our plans for growing our company," said Mercer, ACC president and chief operating officer. "It will allow us to deliver our financing products more rapidly and efficiently, thereby reducing costs."

ACC Consumer Finance, headquartered in San Diego, is a Delaware LLC. ACC underwrites and buys sub-prime auto installment contracts from new vehicle franchise dealers. These installments are then sold under forward commitments to selected credit unions, subject to previously agreed upon selection criteria. ACC participates in a portion of income derived from these installment contracts after credit unions receive a pre-specified return on investment. Additional information is available at http://www.acc.net/ .

About BIG

BIG is an application service provider whose patent-pending BIGFNI(TM) software solution provides a Web-based risk analysis engine that is unique to the auto finance industry. The BIGFNI solutions do more than simply automate the finance application process between regional banks and dealers. IT provides a powerful tool for prescreening loan application and matching them to lender profiles. Additional information is available at http://www.bigfni.com/ .


Source: Bankers Integration Group, Inc.

CONTACT: Ron Hingst of PR Services, cell: +1-734-276-7237, for Bankers
Integration Group

Web site: http://www.acc.net/
http://www.bigfni.com/


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