DataScan Technologies, LLC Acquires Vehicle Inspection Services, Inc.; DataScan to Expand Inspection Services Offerings in U.S. and Canada

ATLANTA--Oct. 4, 2004--Atlanta-based DataScan Technologies, LLC today announced the acquisition of the business of Vehicle Inspection Services, Inc. (VIS), one of the largest full-service vehicle inspection companies in North America. DataScan, a provider of wholesale floorplan finance accounting and risk management systems and services, performs floorplan audits for banks, captives and other financial institutions throughout the U.S. The acquisition will allow DataScan to offer a wider range of field services.

Located in Solon, Ohio, VIS operates a nationwide network of field inspectors performing vehicle inspections for major auto manufacturers, banks, leasing companies, warranty companies and contract service administrators throughout the U.S. and Canada. Some of the services include off-lease vehicle inspections, physical damage inspections, commercial fleet inspections, mechanical inspections, pre-warranty inspections and certified used vehicle inspections. VIS utilizes Internet-based technology and operates on a proprietary platform.

"DataScan has been very successful in its growth with floorplan auditing, and the acquisition of VIS gives us a new opportunity to further expand our suite of systems and field services throughout the industry," said Tom Martin, DataScan Technologies' president and CEO. "We are excited about this new opportunity, and VIS seemed like a logical fit since both companies have highly complimentary services that are offered to an outstanding group of clients."

Jim Ferzoco, VIS president and CEO added, "We are proud of what we have accomplished at VIS thus far, and are very pleased to hand the reins over to DataScan, an established leader in the financial services industry. We trust that DataScan will be able to take what we have built at VIS over the years on to the next level."

About DataScan Technologies

DataScan Technologies is headquartered in Alpharetta, Georgia and is a pioneer in Wholesale Finance and Accounting Systems and Risk Management Services since 1989, specializing in Floorplan Solutions. DataScan strives to revolutionize the way banks and captive financial institutions manage their collateral, allowing them to work more effectively with quick, secure Internet access. DataScan's first-to-market dealership Internet solution for wholesale financial institutions offers closer electronic communications between the lender and the dealer. DataScan also offers professional floorplan field audit services throughout the U.S. with Nationwide Audit Services (NAS). DataScan Technologies can be found on the Internet at www.datascantech.com.

About Vehicle Inspection Services, Inc. (VIS)

Vehicle Inspection Services, Inc. (VIS), founded in 1983, is one of the largest, full-service vehicle inspection companies in North America. VIS performs vehicle inspection services for major auto manufacturers, banks, leasing companies, warranty companies and contract service administrators. VIS' services include: Off-Lease Vehicle Inspections, Physical Damage Inspections, Commercial Fleet, Mechanical Inspections, Pre-Warranty Inspections, Vehicle Recall, Quality Control, Certified Used Vehicle Inspections, Pre-Insurance Underwriting Inspections and Vendor Single Interest Inspections.