Central Financial Acceptance Corp. Announces Mailing of Information Statement to Stockholders.

Business Editors

COMMERCE, Calif.--(BUSINESS WIRE)--Feb. 2, 2001

Central Financial Acceptance Corp. (OTCBB:CFAC) announced today that it mailed to its stockholders an Information Statement that describes CFAC's Plan of Complete Dissolution, Liquidation and Distribution (the "Plan").

The Plan was previously approved by CFAC's Board of Directors, and by the holders of a majority of CFAC's outstanding common stock on Sept. 29, 2000. The Plan provides for the dissolution and liquidation of CFAC and the distribution to the stockholders of CFAC of the common stock of CFAC's two wholly-owned subsidiaries, Hispanic Express Inc. and Banner Central Finance Co.

The common stock of the two subsidiaries is expected to trade on the OTC Bulletin Board. The Plan is scheduled to become effective on Feb. 28, 2001; however, the Board of Directors has the right to terminate the Plan any time prior to its consummation.

Central Financial Acceptance Corp. is a specialized multi-unit travel service company with an expanding Internet travel business that primarily serves the travel needs of the growing low-income Hispanic population in California.

Certain statements in this news release constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995 which involve risks and uncertainties. The Company's actual results may differ significantly from the results discussed in such forward looking statements. Factors that might cause such a difference include but are not limited to economic conditions, credit quality, fluctuations in interest rates, our relationship with our airlines, capital availability, technology, competition in the geographic and business areas in which the Company conducts its operations and other factors discussed in the Company's Annual Report on Form 10-K.