AppOne Upgrades RECON Score; Announces Alliance with TOTC Inspection Services; Enables Better Risk Management with Enhanced Scoring Model and Third-Party Audits.

BATON ROUGE, La. -- AppOne, an Internet-based company that offers risk mitigation and financial technology to banks, credit unions and independent auto dealers throughout the continental United States, announced a major enhancement of its RECON Score, a proprietary online system for measuring, evaluating and managing the level of risk associated with doing business with independent auto dealers.

As part of AppOne's second-generation DealerOne platform, a dealer underwriting system, RECON Score establishes a rating on each associated independent auto dealer using a variety of statistical and financial data on both the business and management staff. The scoring model is based on several factors including business and personal credit histories, historical performance and geographical information. AppOne has refined its RECON scoring model to include added criteria and factors such as historical sales, inventory statistics and demographic information.

Part of the data used to develop the RECON score for each dealer comes from Windsor, Vt.-based Turn of the Century (TOTC), which performs onsite inspections of dealer facilities. These site visits add an extra risk mitigation layer to the AppOne system because an unbiased third party performs the inspections and provides the reports.

"The alliance with AppOne gives lenders the ability to expand their auto lending services throughout the country, without having to establish field personnel in each state or region," said Brent Turner, president of Turn of the Century. "Participating dealers will also benefit by having increased access to lenders that can offer car buyers a wider variety of financial services."

"The RECON Score's improved scoring model offers a more thorough level of predictability not just for risk, but also for the expected performance levels of the dealer," said Lee Domingue, CEO of AppOne. "This kind of information enables lenders to profitably expand their lending programs into the underserved independent auto market."

AppOne provides an integrated Internet-based loan origination and processing platform that connects independent auto dealers with lenders. Elements of the AppOne platform include DealerOne, a dealer underwriting system; RECON Score, a proprietary dealer scoring system; OriginateOne, a Web-based loan-application origination system; and SterlingWare, a software management system for auto dealers. AppOne also supplies dealers with access to lenders, fee-based products, and consulting services and helps lenders market their financial services and products to independent automotive dealers nationwide.

About Turn of the Century

Turn of the Century, based in Windsor, Vt., provides insurance loss, credit card acceptance and collateral inspections and environmental and inventory audits. The company has more than three thousand field reps, mostly independent contractors, serving businesses in the United States, Canada and Great Britain. For more information, go to www.turnerofthecentury.com.

About AppOne

Based in Baton Rouge, La., AppOne is an Internet-based company offering its AppOne solution that connects independent auto dealers with lenders. The AppOne system relies on the company's proprietary scorecard system, which evaluates an independent dealer to determine the level of risk associated with doing business with that dealer. AppOne provides lenders with a new channel of growth and field representation directly to independent auto dealers nationwide. It also offers independent auto dealers faster financing options for their own customers as well as support services and additional fee-based products. For more information on AppOne, visit the company's Web site at www.appone.net.