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Auto GPS "Pay Share" Program


imetrik (select to view enlarged photo)

ATLANTA & MONTREAL--May 24, 2011: SDA, Inc. a leader in providing capital for Buy Here Pay Here dealers nationwide announced today that is has joined iMetrik’s Pay Share Program. The iMetrik Pay Share Program allows a dealer to obtain a full feature GPS payment device including starter interrupt, GPS locate, payment reminder and integrated back up battery for a one-time payment of $39 and then $10 per month for 16 months or until the device is transferred to one of the program’s finance company partners -- such as SDA.

“The combination of iMetrik and SDA should prove very attractive for BHPH dealers looking to contain costs while at the same time maximizing the performance of their portfolio”

The Pay Share Program offers interest free financing for the purchase of iMetrik devices but then goes one step further. Once approved as an SDA dealer, device billing can be transferred to SDA within iMetrik’s web application. “We have put together an easy process for our dealers to utilize SDA’s Income Stream Program and then log in to iMetrik’s system, select the appropriate device and click the transfer button” said Mark Foster Director of Corporate Sales for iMetrik. He also added “because SDA picks up the monthly payments while the deal is under their Income Stream Program, the dealer will see a significant cost reduction in employing the technology”.

“The combination of iMetrik and SDA should prove very attractive for BHPH dealers looking to contain costs while at the same time maximizing the performance of their portfolio” said Guy Chevrette, President of iMetrik. Gary Page President of SDA added, “We see the Pay Share Program as a way to say thank you to our dealers and to help ensure their success”. He continued, “the key for SDA has always been a focus on the success of our dealer clients, our participation in iMetrik’s Pay Share Program is a natural extension of this philosophy”.

BHPH dealers and subprime lenders can sign up for the new program at iMetrik Payshare www.imetrik.com/payshare or by calling 1-866-276-5382.

About iMETRIK Automotive Solutions Inc.

iMETRIK Automotive is a global leader in machine-to-machine (M2M) embedded wireless solutions that enables companies to reduce cost and increase control of remote assets. The company designs and manufactures compact devices with more processing power and faster wireless connectivity. Customers access the company's solutions through Internet-based web applications and reports using an open standard architecture. This architecture easily integrates customer information systems to allow ease of usage and instant data access. The company acts as a wireless carrier or mobile virtual network operator (MVNO) to complete its end-to-end quality delivery model. The company is consistently recognized, year over year, as one of the top 100 machine-to-machine (M2M) technology providers of importance and influence by Connected World magazine. For more information, visit iMetrik .

About SDA, Inc.

For over 20 years Small Dealers Assistance (SDA) has been providing capital to buy-here, pay-here dealers nationwide. SDA provides dealers capital from $10,000 to $1,000,000. SDA’s programs always let the dealer continue to collect their notes. SDA’s Income Stream Program is the ideal method for buy-here, pay-here dealers to raise capital without giving up control of their customer base. In addition to being one of the oldest, most established, suppliers of capital to the buy-here, pay-here industry, SDA pays the highest advance in the industry, up to 90 percent. SDA understands that to run a successful buy-here, pay-here operation access to capital is essential. Whether you are upgrading your inventory, expanding a new or existing lot, loading up on inventory prior to tax time or simply helping stabilize your cash flow needs, SDA can help.