Finance Express Announces the Acquisition of Global Credit Services, Inc.

RANCHO SANTA MARGARITA, CA – Finance Express, LLC, which operates the first online auto finance platform specifically designed for the independent dealer, today announced that it has reached an agreement to acquire Global Credit Services, Inc., an auto technology company located in Orange County, California. The acquisition will provide new enhancements to the existing FEX system by incorporating a CRM program, inventory uploading and Buy Here Pay Here capability. Most of the features will be introduced to current Finance Express dealers before the end of next month.

David Huber, the President of Finance Express, said, “We are excited about the implementation of these new features into our system. Although we believe the FEX system is the best auto finance platform available on the market, we are always striving to make the best even better. After the integration of an accounting program later this year, we will be the only system available in the independent auto industry that includes all of the elements that were previously available only to the franchise dealer.”

About Finance Express
Finance Express, which launched its lender platform on March 21 of this year, provides financing programs for over 2800 dealers, for all levels of credit through 31 national and regional auto lenders. Established in 2003, it includes an integrated menu of services including credit application processing, credit bureau access, inventory management, electronic contracting, dealer management tools and licensed escrow services. The system is a complete solution that provides auto dealers with access to lenders, credit bureaus and dealer management tools, and at the same time through its fully licensed escrow company, provides auto lenders with a method of completing their transactions safely and securely.

About Global Credit Services, Inc
Global Credit Services is a technology company that has been providing DMS systems to the independent automotive business since 1996. Based out of Santa Ana, California, the company’s dealer management system, AutoXplorer, is recognized as providing innovative solutions for independent auto dealers. Ken Shaw at AutoXplorer stated, “We have prided ourselves in providing and maintaining innovative and technologically current dealer management software. With the fusion of AutoXplorer to the Finance Express system, dealers will be able to more productively expedite the entire sales process by accessing over 30 lenders, while maintaining all of their existing F&I and web features. It’s exactly what independent dealers have been in desperate need of for a long time.”