Command Credit signs Letter of Intent with Electronic Data Systems (EDS).

GARDEN CITY, N.Y.--(BUSINESS WIRE)--Jan. 10, 1996--Command Credit Corp. (OTC-CDMD), announced today that it has entered into a Letter of Intent with Texas-based Electronic Data Systems Corp. (EDS).

The agreement calls for development, formation, and implementation of a business relationship between the two companies.

EDS, one of the world's largest computer processors has aggressively been working to build their credit card and debit card processing portfolio. EDS is currently processing for 1,600 credit unions and 300 banks. Command Credit Corp. is engaged in providing a full range of credit card marketing and back office credit card servicing through its wholly-owned subsidiary Berwyn Holdings, Inc. The joint venture plans to market a complete turnkey credit card program to banks and other financial institutions throughout the U.S.

Command has already implemented programs which offer both unsecured and secured card marketing and servicing for several banks targeted at underserved niche markets in the U.S. Command has several large Affinity groups and retailers under contract to issue both unsecured and secured cards to their members and customers totalling over 12 million prospects. Management is currently completing negotiations with a national Affinity group which will increase Command's total prospect universe to over 35 million Americans.

Steven M. Putney, EVP of EDS stated that "Command, through its Berwyn subsidiary, has proven it can supply high quality back-office support for credit and debit card servicing and has developed a large prospective market base. We are exploring the formation of a strategic business alliance, and we hope to have a definitive agreement to begin joint operations by next month."

Command's Chairman and CEO, William G. Lucas said "The alliance between EDS and Command is based on a high level of marketing and technical synergism between our two companies. An alliance such as this will greatly enhance our company's ability to offer complete turnkey credit card services to banks and credit unions." BHI President, Harold Hendrickson, added "EDS will provide us with additional processing sophistication to take on substantially more business at Berwyn and achieve greater economic and operational efficiencies as we grow."

Command Credit Corp. is an international financial services company specializing in bank credit cards. It also provides corporate financial services through its merchant banking and leasing subsidiaries. -0- For additional information, please contact: Investor Relations Command Credit Corporation 1-800-338-9199

CONTACT: Investor Relations

Command Credit Corporation

1-800-338-9199