Omega Service Corporation Signs Agreement with Finance Express

RANCHO SANTA MARGARITA, Calif., May 20, 2009 -- Finance Express, the leading provider of web-based financial services and technology for independent auto dealerships, announced today that Omega Service Corporation has integrated with the Finance Express platform. OSC offers dealers a national Buy-Back product that allows customers to bring their vehicle back to the selling dealer after a waiting period. The customer can return the vehicle for any reason: change of employment, change of personal situation or change of heart.

"Unlike other manufacturer payment assistance programs, this FEX Buy-Back program is exclusively designed for Finance Express dealers and is not vehicle restricted," states David Huber, President of Finance Express. "This program applies to all dealers and their inventory. Should the consumer want to return the car for any reason, they can do so, whether it's before the obligation affects the consumer's credit in a life change situation or if it's to trade out of a car that is no longer appealing to the consumer. The lenders also benefit by lowering their costs of repossession and resale back into the market by as much as $1,100 per vehicle. Everyone wins with a program like this: the dealer, who sells more cars; the consumer, who has confidence and peace of mind in his purchase; and the lender, whose ultimate losses are reduced."

OSC President Gerald Zipper, a former New York State Deputy Insurance Superintendent and staff consultant to the New York Senate, declared his great enthusiasm for working with Finance Express to market their insurance-backed Buy-Back product. "The opportunity to connect with thousands of Finance Express dealers is ideal," said Mr. Zipper.