“We are excited about all the benefits of this acquisition for customers,” said Sandy Schwartz, president of Manheim. “Manheim is always looking for ways to enhance our service offerings to customers, and adding the DSC line to the existing MAFS products allows us to broaden our lending scope and customer base. We can now give dealers access to broader offerings of products and additional staff to service their in-lane and online needs. We also have access to state-of-the-art technology and digital tools that will enhance our customers’ experience and improve Manheim’s efficiencies and opportunities for lending. Finally, we have gained a group of employees that have a strong culture of customer focus and service which will add to the high level of personalized service our MAFS employees deliver.”

“Like Manheim, DSC is a company that focuses on the success of its customers,” said Brian Geitner, President of DSC. “Our mission of empowering our customers with strategic products and services is only more enhanced by joining the Manheim group of companies. It’s easy to see how MAFS’ and DSC’s service platforms will complement each other and broaden Manheim’s ‘service reach’ across the country. We are proud to add the DSC brand to Manheim’s strong lineup of products, services and companies,” said Geitner.

Adding the DSC line to MAFS’ existing products will give dealers access to broader offerings of products and additional staff to service their needs both in-lane and online. The company also gains technology that dealers and employees will use to make it even easier for customers to get information via their smart phones and desktop about their lines of credit with Manheim.

Manheim will continue both the MAFS and DSC brands and operate the companies separately. Barclays Capital acted as the financial advisor to Manheim, while William Blair & Company acted as the financial advisor to Dealer Services Corporation.

About Dealer Services Corporation (www.DiscoverDSC.com)

Dealer Services Corporation offers full service operations throughout the U.S. and is the largest independently-owned inventory finance provider for used automobiles. DSC provides flexible and cost effective inventory financing solutions to dealership operations in the areas of: Retail, Wholesale, Rental, Salvage and Lender Access.

About MAFS (www.usemafs.com)

Manheim Financial Services (MAFS) is a division of Manheim, the world’s leading provider of vehicle remarketing services. MAFS serves thousands of franchised and independent car dealers in the U.S. and Canada with short and long term floor planning. MAFS offers all dealers a preferred status with optimum customer service, while providing simplicity in the process of buying, selling and floor planning vehicles. MAFS is accepted at every North American Manheim location as well as most National Auto Auction Association (NAAA) member auctions.

About Manheim (www.manheim.com)

Manheim is the world’s leading provider of vehicle remarketing services. Through its 113 worldwide wholesale operating locations and digital services, Manheim influences every stage of a used vehicle’s life cycle, helping commercial sellers and automobile dealers maximize the full value of their vehicles. Drawing from its auction transaction volume, Manheim Consulting publishes the annual Used Car Market Report, the definitive source of data for the used car industry. Manheim Consulting offers a wide range of services including custom analytics, business optimization and macro economic analysis.

Manheim is the online vehicle remarketing leader, connecting buyers and sellers to the world’s largest, most comprehensive wholesale marketplace through its extensive in-lane and digital offerings. Manheim.com receives nearly 900,000 visits each week.

Additionally, Manheim offers services including reconditioning, certification, inspections, dealer financing, title management and marshaling, among others. Through its wide array of services and technologies, industry publications, customer support and educational offerings, Manheim gives its customers maximum control over how they buy and sell vehicles, helping them to conduct business in the most efficient way possible. In 2011, Manheim handled nearly 8 million used vehicles, facilitating transactions worth more than $50 billion in value.

Headquartered in Atlanta, Manheim is a subsidiary of Cox Enterprises, a leading communications, media and automotive services company.

“This position shows our customer’s how committed we are to building the best service platform in the industry. With the addition of Dohse, who brings a diverse automotive background to this position, it will allow DSC to accelerate new service and product offerings.” COO Shane O’Dell,  explained.

Dohse is a graduate of the University of Wisconsin and holds a degree in economics. He is a native of Madison, Wisconsin, but will relocate to Carmel, Indiana. Since joining  DSC in 2005, Dohse has held numerous leadership positions in many areas of the company.

In response to his new role, Dohse stated, “DSC set the standard in the floorplan industry with the introduction of the Customer Service Center in 2010.  With this opportunity I’m eager to build upon DSC’s commitment to its business partners, and take the level of service DSC is known for to new heights. Our team will focus on maximizing customer success by delivering powerful products and services designed to provide a superior overall customer experience.”

ATLANTA – To reinforce its commitment to provide inventory financing to independent dealers, Manheim has signed an agreement to purchase Dealer Services Corporation (DSC), a used vehicle floor plan company for independent dealers based in Carmel, Indiana. The acquisition complements Manheim’s current lending products provided through Manheim Financial Services (MAFS).

“Manheim is always looking for ways to enhance its service offering to customers,” said Sandy Schwartz, president of Manheim. “The purchase of DSC presents a great opportunity for us to broaden our lending scope and customer base. In addition, we gain access to state-of-the-art technology and digital tools that will enhance our customers’ experience and improve the company’s efficiencies and opportunities for lending. We also gain a group of employees at DSC that have a strong culture of customer focus and service, adding to the high level of personalized service our MAFS employees deliver.”

“Like Manheim, DSC is a company that focuses on the success of its customers,” said Brian Geitner, CEO of DSC.  “Our mission of empowering our customers with strategic products and services is only more enhanced by joining the Manheim group of companies.  It’s easy to see how MAFS’ and DSC’s service platforms will complement each other and broaden Manheim’s ‘service reach’ across the country.  We are proud to add the DSC brand to Manheim’s strong lineup of products, services and companies,” said Geitner who will remain with DSC.

Adding the DSC line to MAFS’ existing products will give dealers access to broader offerings of products and additional staff to service their needs both in-lane and online. The company also gains technology that dealers and employees will use to make it even easier for customers to get information via their smart phones and desktop about their lines of credit with Manheim.

Barclays Capital acted as the financial advisor to Manheim, while William Blair & Company acted as the financial advisor to Dealer Services Corporation.

Pending regulatory approval, the transaction is expected to close within the first quarter of the year.

About Dealer Services Corporation (www.DiscoverDSC.com)

Dealer Services Corporation offers full service operations throughout the U.S. and is the largest independently-owned inventory finance provider for used automobiles.  DSC provides flexible and cost effective inventory financing solutions to dealership operations in the areas of: Retail, Wholesale, Rental, Salvage, and various aftermarket products including Insurances and Lender Access.

About MAFS (www.usemafs.com)

Manheim Financial Services (MAFS) is a division of Manheim, the world’s leading provider of vehicle remarketing services. MAFS serves thousands of franchised and independent car dealers in the U.S. and Canada with short and long term floor planning. MAFS offers all dealers a preferred status with optimum customer service, while providing simplicity in the process of buying, selling and floor planning vehicles. MAFS is accepted at every North American Manheim location as well as most National Auto Auction Association (NAAA) member auctions.

About Manheim (www.manheim.com)

Manheim is the world’s leading provider of vehicle remarketing services. Through its 118 worldwide wholesale operating locations, Manheim impacts every stage of a used vehicle’s life cycle, helping commercial sellers and automobile dealers maximize the full value of their vehicles.  Drawing from its auction transaction volume, Manheim Consulting publishes the annual Used Car Market Report, the definitive source of data for the used car industry.  Manheim Consulting offers a wide range of services including custom analytics, business optimization and macro economic analysis.

Manheim is the online vehicle remarketing leader, connecting buyers and sellers to the world’s largest, most comprehensive wholesale marketplace through its extensive in-lane and online offerings.  Manheim.com receives nearly 900,000 visits each week.

Additionally, Manheim offers services including reconditioning, certification, inspections, dealer financing, title management and marshaling, among others. Through its wide array of services and technologies, industry publications, customer support and educational offerings, Manheim gives its customers maximum control over how they buy and sell vehicles, helping them to conduct business in the most efficient way possible. In 2011, Manheim handled nearly 8 million used vehicles, facilitating transactions worth more than $50 billion in value.

Headquartered in Atlanta, Manheim is a subsidiary of Cox Enterprises, a leading communications, media and automotive services company.

# # #

“I think Bill McIver is one of the most knowledgeable people there is in vehicle remarketing, and I am excited to have him join our board,” commented John Fuller, DSC’s Chairman of the Board. “As we build DSC to be the best company it can be, we feel fortunate having men like Bill to guide and direct us,” Fuller continued.

After a career spanning four decades with General Motors Acceptance Corporation (GMAC), Mr. McIver retired as Director of Internet Remarketing in May 2009. McIver held a number of management positions with GMAC, now Ally Bank, in virtually every area of financial services including collections, dealer credits, commercial lending, and remarketing. He managed operations in a number of locations and spent ten years in GMAC’s Detroit headquarters. He was the developer and Director of GMAC’s online wholesale auction, SmartAuction. SmartAuction has sold more than 3 million vehicles online, revolutionizing the way vehicles are remarketed.

“It has been my pleasure to watch Dealer Services Corporation’s rapid rise to become the leader in financial services for independent dealers. Becoming part of the DSC team is an exciting opportunity that I look forward to with great anticipation,” stated McIver.

In addition to Dealer Services Corporation, McIver serves on the board of two non-profit corporations. He is also active in a number of community and charitable organizations in the Atlanta area and is the recipient of numerous awards including the GM chairman’s award and the AutoRemarketing Lifetime Achievement award.

El nuevo sitio web en Español es otro paso en los esfuerzos de DSC para ampliar los servicios de la empresa y otorgarles poderes a los Agentes de DSC. Además del sitio de internet en Español, el Centro de Servicio al Cliente Bilingüe de DSC asiste actualmente a más de 10,000 agentes en la obtención de fondos, análisis de las cuentas, además de alinear a sus clientes con la mejor opción de producto y servicio,  para maximizar los niveles de ganancia de los mismos agentes.

“Es importante que DSC mantenga su negocio simple y sencillo para sus agentes; brindando opciones a los agentes bilingües y de habla hispana nos acerca más a nuestro objetivo”, CEO  Brian Geitner explica. Las estadísticas del último censo muestran que la población de habla hispana, actualmente con más de 39 millones, representa el segmento con mayor número de crecimiento de la población en Estados Unidos. Adicionalmente, los estudios en el libro de estadísticas de Hispanos en Estados Unidos muestran que el uso de internet de individuos de habla hispana excede al de la población general. Se estima que el mercado de carros usados donde se habla Español comprará más del 25% de los carros nuevos y usados en los próximos 20 años en este país.1

“Otorgar este servicio es parte de nuestro continuo compromiso con toda nuestra base de agentes, ya que nos permitirá  satisfacer las necesidades actuales de un mercado diverso,” mencionó Patty Turner, Director de Mercadotecnia y Servicios Administrativos. “Esperamos que al hacer la información disponible en el sitio web en un formato bilingüe, ayude a nuestros agentes a aumentar su productividad y a construir relaciones más fuertes,” continuó Turner.

The new Spanish website is another step in DSC’s efforts to broaden company services and empower the DSC dealer.  In addition to the Spanish website, DSC’s bilingual Customer Service Center currently supports more than 10,000 dealerships through the processing of funds, providing account analytics, and by aligning customers with the best product and service options to maximize dealership profit levels.

“It’s important that DSC keep business smooth and simple for its dealers; giving the bilingual, Spanish speaking dealers options, brings us closer to this goal” CEO Brian Geitner explained.  The latest census figures show the Spanish-speaking population, currently at more than 39 million, is the fastest growing segment of the U.S. population. Additional studies outlined in the Statistical handbook on U.S. Hispanics confirm that online usage of Spanish speaking individuals exceeds that of the general population.   It is estimated that the Spanish-speaking used car market will purchase over 25% of the new and used cars in this country over the next 20 years.1

“Providing this service is part of our ongoing commitment to our entire dealer base and will allow us to meet the needs of a diverse marketplace,” said Patty Turner, Director of Marketing and Administrative Services. “We hope that by making the website information available in a bilingual format, it will help our dealers increase productivity and build stronger relationships,” continued Turner.

¹Twiddy, David (2004, September 26). Surge of Hispanic car buyers has dealers changing their sales pitch. Deseret News. Retrieved February 21, 2011, from http://www.deseretnews.com/article/595093514/Surge-of-Hispanic-car-buyers-has-dealers-changing-their-sales-pitch.html

Fox brings an extensive training and development background to DSC, which includes a Master of Science degree in Human Resource Development.  She has worked with such programs as Global Modeling, Optimizing People Performance and DISC and Values.

“Angela’s enthusiasm for training and development is infectious, and we are very excited about what she is creating at DSC and how it will benefit everyone,” stated Peggy Boyd, Human Resource Manager.

This training will allow DSC to improve operational efficiencies, automate workflow processes and better integrate business needs.  “With the University, DSC continues to invest in our greatest asset, our employees. Using an efficient and effective delivery system, DSC University will help employees grow in their job functions while also allowing them to enrich their personal development,” continued Boyd.

“Making training readily available and interactive is very important; our plans for employees to access their course work via their laptops, tablets and smartphones will definitely accelerate the learning curve,” Fox explained. “Confident, well trained employees offer the best customer service, and DSC plans to take its service offerings to even higher levels as our employees become enrolled and fully engaged within the DSC University platform,” Fox continued.

DSC University will be powered by Taleo’s Learn.com, the world-wide leader in on-demand workforce development and will offer hundreds of standard and customized programs to DSC’s 400 employees.  Training will be completed within company defined time periods, and courses will be broken down and developed into modules of learning such as, Instructor Led Training, Webinars, and self taught web based Training. “Our goal is to clearly define the career/job paths for each position at DSC and to make available a robust amount of coursework from several disciplines such as accounting, collections, management, marketing and of course customer service.  In addition, our team is hard at work converting all the company’s proprietary training materials into the new format to more effectively train the deeper specializations of DSC inventory financing,” CEO Brian Geitner explained.

Carmel, IN., March 24, 2011 – Dealer Services Corporation (“DSC”), a full-service auto floorplan finance company, announced today that it has consummated the offering of $252.2 million of asset backed securities (the “securities”) due 2014. The securities, issued through DSC Floorplan Master Owner Trust, are comprised of $225 million of senior secured notes and $27.2 million of subordinate secured notes.  The $225 million of senior notes achieved a DBRS, Inc. rating of AAA(sf) and the $27.2 million of subordinate notes achieved a DBRS, Inc. rating of BBB(sf).  The Rule 144A series 2011-1 offering was led by Deutsche Bank Securities who was the sole bookrunner on the transaction.

The 144A notes have been placed to over ten institutional investors including some of the largest insurance companies and investment firms in the United States.

In addition to the asset backed securities offering, DSC also entered into a new $290 million revolving credit facility agented by Deutsche Bank.  The revolving credit facility is a multi-bank facility and together with the Asset Backed Securities, this facility provides DSC significant capital for continued growth.

“DSC is very pleased to be the first in our industry to successfully issue asset backed securities to the capital markets.  These transactions were highly rated and have brought DSC a new and broad funding source for our future growth,” said Marty McFarland, president of Dealer Services Corporation.  “I would like to commend Deutsche Bank on their execution of these facilities and congratulate them on the high caliber of investors and bank participants they brought forth, we are quite happy to have such high quality investors behind DSC”.   Mr. McFarland went on to state “We are pleased and appreciative of our long relationship with Deutsche Bank.  With these facilities available, DSC will continue to grow and provide our dealers the highest level of service and products available in the market.”

About Dealer Services Corporation

Dealer Services Corporation offers full service operations in 90 markets throughout North America and is the largest independent inventory finance provider for used automobiles.  DSC provides flexible and cost effective inventory financing solutions to dealership operations in the areas of: Retail, Wholesale, Rental, Salvage, and various related products and services.

For more information on Dealer Services Corporation, visit DiscoverDSC.com

To learn more about DSC Unplugged ™, visit DSCUnplugged.com or DSCTurbo.com

Dealer Services Corporation (DSC) announced that it has launched its DSC Unplugged™ suite of Smartphone applications for Android™.  Together, the DSC Unplugged™ Mobile and Turbo apps give DSC customers the exclusive ability to scan, appraise, value and then floorplan purchases directly to their DSC line of credit.

The launch of the new Android app follows closely after the company announced the release of DSC Unplugged™ for iPhone®. “Since we launched our popular iPhone® app, Android users have been waiting patiently,” shared Patty Turner, Director of Marketing and Administrative Services at DSC. “I am delighted that we have been quick to respond to this demand, and I look forward to hearing feedback from the Android community.”

DSC Unplugged™ Mobile is available at no cost from the Android Market. In addition to floorplan capabilities, it allows dealers to view titles and manage their DSC account, including the ability to pay off loans, view reports and submit vehicles for financing directly from their Android.

As a companion to this app, DSC also offers DSC Unplugged™ Turbo, a powerful upgrade available by subscription.  Turbo provides a unique set of tools for the DSC dealer including a VIN scanner for fast vehicle lookup, market appraisal tools for assessing opportunities, and the dealer’s choice of valuation guides:  Black Book, Kelley Blue Book or NADA.

“With technology platforms on both Apple and Android Operating systems, DSC’s mobile tool set is a great foundation to grow from,” stated Turner.  “Much of the functionality offered in the apps is a first in the floorplan financing industry, and we look forward to adding even more features as we set the standard in mobile floorplanning.”

About Dealer Services Corporation

Dealer Services Corporation offers full service operations in 90 markets throughout North America and is the largest independent inventory finance provider for used automobiles.  DSC provides flexible and cost effective inventory financing solutions to dealership operations in the areas of: Retail, Wholesale, Rental, Salvage, and various aftermarket products including Insurances and Lender Access.

For more information on Dealer Services Corporation, visit DiscoverDSC.com

To learn more about DSC’s Android™ application, visit DSCUnplugged.com or DSCTurbo.com

“Our redesigned website enables DSC to provide our dealers with up-to-date information across various markets and services,” said Patty Turner, Director of Marketing. “DSC is continuously expanding its footprint in the U.S., and the new website will provide the platform our dealers can use to access current information about our services, locations, and new product offerings.”

The new website divides its content into groups including dealer services, auction services and business services. This allows easy navigation to information. “We created a user friendly environment to allow our dealers and auction partners to conduct business their way,” COO Shane O’Dell, explained. “Whether in the office or on the go, this site was designed with them in mind”

An improved myDSC, the dealer’s virtual online office, gives DSC customers direct access to their DSC account. In addition to floorplan capabilities, dealers can view titles, run reports and manage their DSC account 24 hours a day.

The announcement comes just days after DSC’s launch of its new Smartphone product, DSC Unplugged™.  The suite of powerful Smartphone applications gives DSC customers access to their myDSC virtual office and real-time market data directly from their iPhone®.

About Dealer Services Corporation

Dealer Services Corporation offers full service operations in 90 markets throughout North America and is the largest independent inventory finance provider for used automobiles.  DSC provides flexible and cost effective inventory financing solutions to dealership operations in the areas of: Retail, Wholesale, Rental, Salvage, and various aftermarket products including Insurances and Lender Access.

For more information on Dealer Services Corporation, visit DiscoverDSC.com

Dealer Services Corporation (DSC) announced today the launch of DSC Unplugged ^™, a suite of powerful Smartphone applications that give the DSC dealer mobile floorplan capabilities and powerful market tools.   The free download is exclusive to the DSC dealer and is now available at the iTunes App Store for iPhone®  In addition to floorplan capabilities, it also allows the dealer to view titles and manage their DSC account, including the ability to pay off or pay down loans directly from their iPhone®.

“DSC Unplugged ^™ Mobile is a natural next step for our dealers,“ CEO Brian Geitner explained. “I am proud to offer this free app as a standard with every DSC account.”  DSC is the first floorplan finance company to offer mobile financing on Smartphone devices.

As a companion to the free app, DSC is also offering DSC Unplugged™ Turbo, a powerful upgrade available by subscription.  DSC Unplugged™ Turbo provides a unique set of tools for the DSC dealer including a VIN scanner for fast vehicle lookup, market appraisal tools for assessing opportunities, and the dealer’s choice of valuation guides:  Black Book, Kelley Blue Book or NADA.  This unique pair of Smartphone apps now gives the DSC dealer the exclusive ability to scan, appraise, value, and then floorplan purchases right to their DSC line of credit.

Geitner finished by sharing, “As we enhance our online virtual office we will automatically bring those new features into their Smartphones.  Today’s DSC dealer is active, on the go, and always ready for business, just like DSC.”

The new Smartphone offering is one of a number of initiatives DSC has developed to bring customers closer to their business on a 24/7 basis.  In 2010, DSC launched a new state of the art Customer Service Center for its dealer base and auction partners.

About Dealer Services Corporation

Dealer Services Corporation offers full service operations in 90 markets throughout North America and is the largest independent inventory finance provider for used automobiles.  DSC provides flexible and cost effective inventory financing solutions to dealership operations in the areas of: Retail, Wholesale, Rental, Salvage, and various aftermarket products including Insurances and Lender Access.

For more information on Dealer Services Corporation, visit www.DiscoverDSC.com

To learn more about DSC Unplugged ^™, visit DSCUnplugged.com or DSCTurbo.com

Independent floorplan finance provider Dealer Services Corporation (“DSC”) recently announced the launch of its Customer Service Center, including a state of the art Auction Services department.  Focused on providing the highest level of service in the industry, DSC continues to make a major investment in its Auction Services initiative.

Recently promoted to Director of Auction Services is Sarah Lutey. With more than 13 years of auction and automotive finance experience, Lutey’s industry knowledge has been instrumental in designing a service workflow with the auctions’ needs in mind.  “I am very excited to lead the team and look forward to servicing our Auction partners,” said Lutey.

Lutey exclaimed, “The reception has been great!  The department is designed to handle large volumes of floorplan transactions with a focus on peak auction timeframes.  Every day is sale day at DSC, and every sale event needs fast, reliable funding solutions.  Whether calling, emailing or faxing requests, the extended Auction Services hours make it convenient for auction staff to keep their business flowing to close out their sale quickly and efficiently.”

The Auction Services department sustains the fastest approval and funding window in the industry. With over 1,000 auction customers, the team handles several thousand calls, emails, faxes, and transactions each week.  Auction Services proudly maintains a 16 minute response time to messages and a 23 second phone wait.

Regardless of an auction’s preference, DSC has always offered a full menu of funding options, ranging from the seamless Block Funding Technology to more traditional means.  Lutey commented, “On average, flooring transactions are completed within 15 minutes, and 99% of the funding requests are released the same day.”  Dealer availability data is also available 24 hours a day via the myDSC Auction portal and is, as always, backed by DSC’s “Time Stamp” guarantee.  In addition to the various funding options, DSC’s Auction Services also coordinates event sales, marketing campaigns, and sale day assistance to give auctions maximum results.

Dealer Services Corporation, the leading independent floor plan finance company for the used vehicle industry, announced today that it has launched a new state of the art dedicated Customer Service Center (CSC) for its dealer base and auction partners.

“The concept is simple”, declares Brian Geitner, DSC’s CEO. “Our 15,000 square foot customer service center houses two distinct teams, a Dealer Services team and an Auction Services team.  Together these teams of 60 employees are poised to provide the industry’s best customer service and are able to assist clients with any aspect of their daily business needs.”

DSC’s Dealer Services

With the dedicated staff and new technology in place, the Dealer Services team is able to more quickly and efficiently give our customers the personal attention they need to complete their daily transactions and administrative requests. The new Customer Service Center complements DSC’s existing team of local account representatives, who are available to discuss products, services and business strategy on-site at a dealer’s place of business.

The Center offers the best in account servicing utilizing the latest software platforms combined with quality assurance programs.  Customer interactions are regularly monitored to assure they meet DSC’s high standards relating to call content, service attributes and professionalism.  Geitner added, “At DSC, we value each opportunity to talk to our dealers and work hard to provide fast, efficient solutions to their business needs”.

DSC’s Auction Services

DSC views its Auction relationships as a vital part of serving the industry.  “With over 1000 auctions in the DSC Universal Source Network, we recognize the additional value we can create for our customers by servicing our auction partners”, Geitner said.  “Hundreds of auctions communicate daily with our Auction Services Center via fax, phone and of course, their online Virtual Office.  At DSC Auction Services, we recognize that when the sales ends, our work begins!”

In addition to offering Block Funding Technology as a standard, DSC’s Auction Services also coordinates event sales, marketing campaigns, and even sale day assistance to give auctions maximum results.

Dealer Services Corporation (DSC), the leading independent floorplan finance company for the used vehicle industry, announced today that it has teamed up with Hertz to offer DSC Customers exclusive first access to Hertz vehicles for remarketing. DSC Customers will be able to purchase wholesale vehicles directly from Hertz’s national fleet of well-equipped used cars, trucks, and SUV’s through the company’s existing wholesale website or by contacting their local sales representative. With a national footprint in over 72 markets, and a recently expanded sales team, DSC’s collaboration with Hertz is just one of several new initiatives DSC has undertaken in 2010 to increase its service levels. DSC will be begin offering the new program to dealers in select markets in July.

Of the program, DSC’s Chief Operation Officer Shane O’Dell stated, “We are excited to partner with a Great Organization that will give our dealers another source to locate (find) inventory. We’re looking forward to building a solid partnership with Hertz to assist them with their re-marketing initiatives.’

About Hertz

Hertz is the largest worldwide airport general use car rental brand operating from more than 8,200 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 81 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through the Company’s Prestige, Fun and Green Collections, set Hertz apart from the competition. The Company also operates the Advantage car rental brand at 26 airports in the U.S., global car sharing club, Connect by Hertz, in New York City, Berlin, London, Madrid and Paris. Hertz also operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of equipment, including tools and supplies, and new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers from approximately 325 branches in the United States, Canada, China, France and Spain. Visit www.hertz.com for more information.

Dealer Services Corporation announced today that Chief Information Officer Chris Brady has been named as the recipient of four Information Technology industry awards in 2010.  In the last 18 months, Dealer Services garnered much industry attention by completing an ERP consolidation to develop and deploy predictive analytic technology to help in forecasting revenue and make real-time adjustments to their business.  One of the biggest benefits of implementing the new system is the competitive edge it gave DSC in the face of the economic downturn, enabling the company to anticipate and adjust financial reserves, minimize risk, and to assist customers in inventory management.  Awards received were as follows:

The Computerworld Honors Program named DSC’s CIO, Chris Brady as one of this year’s Laureates for her ground breaking use of business intelligence technology.  Chosen are individuals and organizations around the world whose innovative use and application of information technology promotes positive social and economic progress.  The 2010 Laureates span private and public organizations across several industries and are nominated by a group of 100 Chairmen and CEOs of global technology companies.  Dealer Services and Brady were honored at the 22nd Annual Laureates Medal Ceremony & Gala Awards Evening on June 7, 2010 in Washington, D.C.

Also on June 7, Information Builders, an independent leader in business intelligence solutions, honored DSC as one of its 2010 annual Awards of Distinction winners.  Chris Brady accepted the award for innovative use of BI and integration technology at Information Builders’ 2010 Summit User Conference.

International Data Group (IDG) announced June 1st that Chris Brady would receive its InfoWorld CTO 25 Award for driving innovation in IT and improving DSC’s core technology to underpin business operations.  Each year, the InfoWorld CTO 25 Awards honor senior IT executives who have demonstrated innovation within their companies and in the IT community.  2010 honorees were chosen for their ability to create new opportunities for their business through IT even as they got leaner, focusing as much on innovation as cost-effectiveness.

In addition, IDG’s CIO magazine will present Brady with the 2010 CIO 100 Award, which recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT).   The award will be presented on August 24th at the conclusion of the twelfth annual CIO 100 Symposium® and Awards Ceremony.  Honorees will also be featured in the August 1, 2010 issue of CIO magazine.

About DSC’s industry recognition, Brady stated, “The Dealer Services IT team continues to identify and develop pace-setting technologies for our industry. Their phenomenal knowledge and perseverance produces products and services that not only mitigate risk in volatile economic times, but also help our customers run their businesses more efficiently and effectively. I am proud to be associated with such innovative and dedicated professionals.”

As DSC’s CIO, Brady oversees all aspects of Information Technology, including architecture, security & compliance, application development, infrastructure, and program management. Her extensive understanding of business operations helps DSC leverage cutting edge technology to provide significant business value.  Prior to joining DSC, Brady has held senior management roles at several leading consulting organizations, including KSM Consulting.  She has a broad background in business process reengineering, financial systems and business intelligence.  She has led projects for a number of global enterprises and government agencies, including Eli Lilly, the U.S. Navy, Volvo and Goodwill.

DSC’s CEO, Brian Geitner explained, “Since DSC’s inception, Chris has done a great job assimilating all aspects of DSC’s operational business demands to create efficient synergies between technology and practical business flow while choreographing competing demands.   Chris has a unique knack of anticipating the long-term needs of our operation’s teams to find innovative multidimensional solutions instead of merely building what we ask for.  Because of this, DSC has been able to research, build and deliver a technological platform with our customers and employees at its core.  With multiple initiatives in the hopper, Chris continues to reliably deliver on time and within budget.”

Dealer Services Corporation, the leading independent floor plan finance company for the used vehicle industry, announced today the appointment of Shane O’Dell as its Chief Operations Officer, replacing Brian Geitner. Mr. Geitner was appointed DSC’s Chief Executive Officer January 1^st of this year. Commenting on the appointment Mr. Geitner stated, “Shane provides strong execution skills, a proven ability to lead top performing teams and a straightforward style of communication.  I look forward to Shane’s impact as he hits the ground running in this new role!”

O’Dell joined DSC in 2005 as one of the company’s founding members and has since held the positions of Vice President of Operations (2005-2008) and Senior Vice President of Operations (2008-2010). O’Dell began his career in the automotive finance industry in 1995 after graduating from “The Ohio State University” school of Economics.  Shane’s experience spans 15 years including 10 spent in different management roles at Automotive Finance Corporation (AFC).

In response to his new role, Shane O’Dell stated “I welcome the expanded responsibilities of the COO role and really appreciate our team culture.  Operationally, we have combined great people with innovative technology and thus have fused together a premium service model.  I look forward to building upon our existing platform to add more products, services and delivery portals for our employees and dealers.”

CARMEL, Ind. — Dealer Services Corp. of Indiana made a few shifts in its management team recently, appointing Brian Geitner as chief executive officer.
Geitner, who was previously the company’s chief operating officer, replaced John Fuller, who kept his role as chairman of the board.
Meanwhile, Marty McFarland, who had been the DSC of Indiana’s chief financial officer, was named president.
All of these moves became effective Jan. 1.
“DSC has grown quickly and weathered the storms of 2007 and 2008. These moves reflect the strong achievements that Brian and the entire DSC leadership team have accomplished over the past five years,” Fuller shared.
“The board and I look forward to working with Brian and Marty in their roles as they lead DSC through our 2010 schedule of initiatives,” he continued.
Geitner said of his new position: “I am proud to follow John as DSC’s next CEO because I know this company was founded on great principles. I am very excited about our current position in the marketplace.
“With our 2010 schedule of initiatives DSC will be changing the face of floor planning for the used vehicle industry,” he added. “In addition to our Six*Points products and services ‘Dealer Bundle,’ DSC will be launching exciting new concepts like our Lender Access Network and our Lease Advantage Portfolio Program. I look forward to leading DSC to the next plateau with these exciting offerings as our launching point.”
Commenting on McFarland being named president, Geitner noted: “Marty has been an integral part of DSC’s success by managing our financing to support us operationally. As president, Marty will continue in his treasury duties and focus on creating additional capacity for DSC’s lengthy 2010 initiatives and new product development.”

Headquartered in Carmel, Dealer Services Corporation provides inventory financing programs for more than 8,000 automotive dealers throughout the country.  The company will invest $6.4 million to lease and upgrade an additional 12,000 square feet at its City Center Drive facility.  In 2005, the company announced plans to locate its global headquarters in Hamilton County.

“Dealer Services Corporation’s growth in Indiana is further proof that our work to build the best environment for business in the country is paying off,” said Governor Mitch Daniels.  “This expansion means more high-paying jobs are coming to Indiana which is great news for our workforce and our economy.”

Dealer Services Corporation operates in more than 68 markets across North America where it provides automotive inventory financing for retail, wholesale, salvage, lease here pay here, daily rental and consumer lending networks.

“The economic environment is perfect for finance companies to expand, if they can raise the capital. DSC has prepared for this moment and we’re ready to take advantage of the opportunity. We have the financial backing needed and an experienced staff of aggressive entrepreneurs,” said Marty McFarland, Dealer Services Corporation executive vice-president of finance and business development.  “Indiana is a very conservative state with a very favorable tax climate for business and the employees here are loyal, hardworking people that are committed to building a great place to live.”

Founded in 2005, the company currently employs 435 associates nationwide and plans to begin hiring additional administrative and management associates in 2010.  Interested applicants can apply at www.discoverdsc.com .

The Indiana Economic Development Corporation offered Dealer Services Corporation up to $525,000 in performance-based tax credits and up to $60,000 in training grants based on the company’s job creation plans. The city of Carmel will consider additional property tax abatement.

“I am extremely pleased to have the continuous growth that Dealer Services Corporation brings to Carmel,” said Mayor Jim Brainard.  “Our focus and commitment to a high quality of life is always key in attracting and retaining business in Carmel. This is exactly the type of opportunity that provides a good match for our professional workforce.”

Dealer Services Corporation’s expansion announcement comes just days after the state was recognized by a tax research group for its business-friendly tax environment.  Indiana moved up two places in the Tax Foundation’s 2010 Business Tax Climate Index to 12th overall, up from 14th in 2009, and remains the top state in the Midwest for business tax competitiveness.

Brian Geitner, DSC’s Chief Operating Officer, states, “We’re excited to be working with Vemark.  Their technology, particularly their auction software, used for SalvageNow and over 65% of the independent salvage auctions, is impressive.  SalvageNow’s proven track record of selling vehicles online for 10 plus years is no small feat.”

SalvageNow.com is a full-service solution offering everything from 2009 models with low mileage, damaged (clean and salvage titled), Rental vehicles to higher mileage, non-damaged Fleet/Lease vehicles, plus Trucks, Motorcycles, and ATVs. With over 300,000 vehicles available annually, buyers have access to one of the largest online selections of clean title and rebuildable vehicles in a real-time fair bidding environment. Purchasing at Vemark’s daily online auction not only reduces the time and dollars spent at physical auctions, it makes locating and buying the right vehicles easy.

“We wanted to assist our buyers and ensure they have the resources to finance vehicle inventories and keep their businesses operating smoothly. We looked at a number of floorplan providers, and DSC kept coming back as our number one choice,” says Vemark’s CEO, Doug Mellette.  “In addition to their strong market presence, technology and attention to customer service, they work with all lines of business, from retail to salvage vehicles, just like we do.”

Limited Time Floorplan Incentives – From Zero Percent Reduction to Waived Fees

As a result of OPENLANE’s longstanding partnership with DSC, during the month of August dealers can now take advantage of a “no floorplan access fee,” a savings of $65. In addition, DSC is also offering a 0 percent reduction for dealers to roll over to their contracted DSC floorplan line and interest will only be paid for 30 days on all vehicles purchased on OPENLANE.com.

“We truly believe in OPENLANE’s value proposition and the way in which their online auctions make wholesale buying easier than ever,” said John Fuller, CEO of DSC. “We encourage all dealers, current customers and new dealers who haven’t yet purchased online, to add online buying to your inventory searching methods.  The time is now to take advantage of these limited offers and experience the benefits online auctions can offer your dealerships.”

With the current state of the economy and increasing gas prices, online auctions have quickly been recognized by dealerships across the country as a time- and cost-efficient means of buying and selling vehicles. Dealers can remain in their dealerships and allocate valuable resources to business operations.    With the exclusive incentives available during the month of August, dealers now have the added benefit of significant cost savings on any unit that is floored through DSC.

“We are pleased that our longstanding partnership with a premier floorplan provider such as DSC is now allowing us to provide our dealers with additional cost savings when purchasing vehicles online,” said Clive Kinross, president of OPENLANE. “Current economic conditions are difficult for many industries, and we want to provide dealers with not only the best incentives available online, but the most cost-efficient and easy way to buy used vehicles possible.”

For more information on these incentives, please visit the following address beginning August 1: http://www.openlane.com/promotions.html.

As a result of a great work force and dedicated people; DSC is expanding its’ corporate headquarters.  Starting in Carmel, IN. just three years ago DSC has outgrown the original facility of 13,000 square feet and is moving to the New City Center where it will enjoy 26,000 sq, ft. of brand new space.   “The new location is just one mile north of our current facility allowing us to stay in the city of Carmel in Hamilton County”.  “This is very pleasing to us, stated Brian Geitner, COO of DSC, as we have truly appreciated the services Carmel provides.”

DSC is expanding in other markets as well.  Recently a new office in Orlando, FL was opened to meet customer demand. DSC has three other markets slated for similar expansion projects. “We built DSC on Service and being in the right locations is very important to us”, said CEO, John E. Fuller.

Starting in July 2005 DSC has grown to 500 employees located in 71 offices in the U.S., servicing 11,000 plus dealers with flexible and cost effective inventory financing solutions.  We finance inventory in the areas of: Automotive, Salvage, Rental, L/RTO (Lease / Rent to Own), PowerSports and RV/Marine.  Complementing the inventory financing programs is DSC’s competitively priced business insurances and aftermarket products.

Capitalization of DSC exceeds $725 million through investments by Angelo, Gordon & Co., LP, Noro-Moseley Partners, Cambridge Place Investment Management, LLP, plus a recently announced three-year $700 million asset-backed financing agreement structured by Deutsche Bank Securities.

“We are very pleased with the investment of CPIM, Angelo, Gordon & Co, and Noro-Moseley Partners and the financial agreement with Deutsche Bank,” stated John Fuller, DSC chief executive officer.  “Their financial support provides us with the opportunity for continued exceptional growth.  We hope to grow to $1 billion in diversified products receivables over the next two years.”

Such growth means DSC would open 10 more branches in the U.S. in the next 18 to 24 months, adding more than 1,000 new dealers to those already contracted with DSC.

Fuller founded organized floorplanning for independent auto dealers in 1987 when he started Automotive Finance Corporation (AFC), He retired form AFC in 2001.  His retirement only lasted until February 2005 when he launched DSC and in July 2005, the company began funding dealer purchases. In two years, DSC has grown to its current status of $550 million in diversified product receivables, with 375 employees, 68 branch locations across the U. S., and 9,200 contracted dealers.

“Realizing the need for a truly independent financing source for independent dealers,” said Fuller, “I saw the opportunity to assemble a dynamic team with entrepreneurial skills to successfully challenge the industry.

The capitalization of and investment in DSC validate our business model and combines DSC with world-class partners with a global reach.”

Headquartered in Carmel, Indiana, DSC is committed to a mission of providing quality products, financing, and services to the independent auto dealers of North America, with the highest level of service and integrity.  Additional information on DSC is available at www.discoverDSC.com.

Cambridge Place Investment Management, LLP, founded in 2002, is part of a UK-based investment management group focused on financial services and real estate markets, with a particular emphasis on structured finance investments.  As of June 1, 2007, CPIM and its related entities had approximately 130 employees with offices in London, Boston (Concord), and New York and gross assets under management of approximately $10.0 billion.  CPIM is authorized and regulated by the Financial Services Authority.

Angelo, Gordon & Co. is a leading alternative investment money management firm founded in 1988 and, with its affiliates, has approximately $14 billion under management.  Currently, the firm’s investment disciplines encompass four principal areas: distressed debt and leveraged loans, real estate, private equity and special situations, and a number of hedge fund strategies.  Angelo, Gordon & Co. employs more than 75 investment professionals and is headquartered in New York, with associated offices in Los Angeles, Chicago, London, Hong Kong, and Seoul.  Additional information on Angelo Gordon can be found at www.angelogordon.com.

Hitting the one million vehicle milestone solidifies DSC’s fast-track growth since being started in 2005 by CEO John E. Fuller and positions DSC as a leader in the floorplan finance industry. Fuller pioneered organized floorplanning for independent auto dealers in 1987 when he founded Automotive Finance Corporation (AFC), from which he retired in 2001.

Four years later, Fuller created DSC. “Realizing the need for a truly independent financing source for independent dealers, I saw the opportunity to assemble a dynamic team with extraordinary entrepreneurial skills to challenge the industry,” Fuller explained. He credits his company’s success to his employees. “I hired the cream of the crop employees when I started DSC, and I am so proud of all of them for the hard work they display each day,” he added.

Curtner is one of over 12,000 dedicated DSC dealers in North America. He was thrilled to learn his dealership was the recipient of DSC’s one millionth loan. “It’s not every day that a loan is forgiven. I was surprised and shocked at first,” Curtner said. “DSC believes in providing top-notch service to its clients and paying off the one millionth loan is just one example,” he remarked.

DSC got its initial funding in February 2005, began making loans in July 2005 and in less than three years has become one of the top three floorplan finance companies in North America.  DSC has over 500 employees and many new service products for its dealers. In addition to its corporate office in Carmel, Indiana, DSC has 71 field offices throughout the country and numerous new financial opportunities for future projects in the works.

DSC currently provides flexible and cost effective inventory financing solutions to dealership operations in the areas of: automotive, salvage, rental, rto, powersports and recreational marine. Complementing the inventory financing programs and expanding service levels, DSC provides dealer operators with competitively priced business insurances and aftermarket products for their customers.

Despite its rapid growth, DSC remains focused on partnering with the small business owner. As always, DSC is focused on customer relationships and elevating customer service to new heights.

XpressCredit is a leading Internet-based financial decision platform that provides a pre-screen of applicants so that automotive lenders can assess applications quickly and efficiently.

John Fuller, founder and CEO of DSC, said, “Our partnership with XpressCredit gives our valued dealers reliable lending sources to turn to when submitting applications. We think our dealers will be pleased to have access to the expert resources of DSC/Xpress Credit and will turn more inventory as a result.”

XpressCredit founder and CEO, Paul Gignilliat, said, “DSC’s initiative with XpressCredit and its proven track record of assisting the bottom lines of dealers nationwide is much appreciated. We look forward to exceeding their expectations by assisting DSC in its ongoing efforts to support its’ auto dealers.”

About XpressCredit

XpressCredit is a leading provider of a web-based, indirect lending platform.  Its patent-pending solution links lenders with auto, motorcycle, RV and marine dealers nationwide. A pre-screen of the applicant and collateral provides the ability for lenders to evaluate applications quickly and efficiently.  For more information or to register, go to www.xpresscredit.net or contact Mark W. Louer, Vice-President, Premier Internet Communications, Inc., (315) 634-5101 x206, mlouer@xpresscredit.net.

DSC will provide financing for both new and used products. Terms available for new JCL units can be extended for up to 360 days. DSC is one of the fastest growing inventory financing companies in the US and maintains 70 full service locations. Currently, DSC has financial relationships with over 7000 dealers nationwide.

Dealers interested in participating in the new program can visit www.discoverdsc.com for an application, requirements, and/or their corresponding local DSC office.

JCL International, LLC, distributes safe and reliable power sport equipment at affordable prices. JCL operates an 80,000+ square feet distribution center in Dallas, TX. All products are EPA approved, and carry a minimum six-month limited parts warranty.

Dealer Services Corporation (DSC), North America’s largest provider of diversified inventory financing for independent auto dealers announced today that funds managed by Cambridge Place Investment Management, LLP (CPIM), have made an equity investment in DSC within days of a three-year $700 million asset-backed financing agreement structured by  Deutsche Bank Securities.

“CPIM is excited to continue its relationship with DSC and looks forward to helping the company grow,” stated Quentin Cote, Head of Private Investments – Americas for CPIM.  “DSC is an industry-leading independent dealer finance company, providing competitive, flexible financing products and superior customer service.”

The equity investment by CPIM and DSC’s current equity sponsors, Angelo, Gordon & Co., L.P., and Noro-Moseley Partners, totaled in excess of $18 million and follows the $30 million investment previously made in DSC.  The investment compliments a $700 million financing agreement with Deutsche Bank Securities announced recently.

The new capitalization will allow DSC to create some $200 million in growth, including the opening of 10 more branches in the U.S. over the next 18 months, aiming at a goal of $1 billion in financing receivables, says Fuller.

“We are very pleased with the investment CPIM has made in our business,” commented John Fuller, DSC chief executive officer.  “CPIM is a highly talented international investment management group with great knowledge of our industries across international markets.  This investment validates our business model and combines DSC with world-class partners with a global reach.”

Fuller founded organized floorplanning for independent auto dealers in 1987 when he started Automotive Finance Corporation (AFC), he retired form AFC in 2001.  His retirement only lasted until February 2005 when he launched DSC and in July 2005 the company began funding dealer purchases. DSC was launched February 2005, and in July 2005, the company began funding dealer purchases.  In less than two years, DSC has grown to $550 million in diversified product receivables with 375 employees, more than 65 branch locations across the U. S., and 9,200 contracted dealers.

“Realizing the need for a truly independent financing source for independent dealers,” said Fuller, “I saw the opportunity to assemble a dynamic team with entrepreneurial skills. . .This new financing agreement provides us with the opportunity for continued exceptional growth. . .We hope to grow to $1 billion in diversified products receivables over the next two years.”

Cambridge Place Investment Management, LLP, founded in 2002, is part of a UK-based investment management group focused on financial services and real estate markets, with a particular emphasis on structured finance investments.  As of June 1, 2007, CPIM and its related entities had approximately 130 employees with offices in London, Boston (Concord), and New York and gross assets under management of approximately $10.0 billion.  CPIM is authorized and regulated by the Financial Services Authority.

DSC will be working directly with Copart as a financing provider for  Copart customers during the sales process.  Copart generates gross auction proceeds in excess of $2 billion annually.

“We are pleased to be working with DSA as a financing source for our customers,” said Willis J. Johnson, founder and CEO of Copart.  “Like Copart, DSC is a customer-focused company, which has brought a higher level of service to the industry.”

“Copart is a leader in the remarketing of salvage vehicles,” stated John Fuller, DSC chief executive officer, “and we are very pleased to be working with the company to provide its customers a level of service previously unavailable.  By partnering with DSC as a financing source, Copart continues to demonstrate its focus on providing its customers top-notch service and efficiency.”

Founded in 1982, Copart provides vehicle suppliers (primary insurance companies), with a full range of services to process and sell salvage vehicles principally to licensed dismantlers, rebuilders, and used vehicle dealers.  The company offers vehicle suppliers a full range of services which expedites each stage of the salvage vehicle sale process and minimizes administrative and processing costs.  Copart currently operates 134 facilities worldwide.  The company is listed on the NASDAQ with the symbol CPRT.

Dealers can access vehicles both through the company’s virtual fresh trade sale auction and template procurement; which allows a DSC Dealer to order the specific used vehicles he needs. All vehicles come with a complete inspection report, reconditioning allowance, suggested retail price and buy back guarantee. lanelogic’s proprietary  45-day Buy Back Guarantee allows  DSC dealers to have lanelogic repurchase a vehicle if not sold in 45 days.

“Strategic alliances like DSC, increase lanelogic’s trade floor flexibility so that if a vehicle cannot be redistributed, a trader has additional options for sale including an instant match to a DSC dealership via template ordering.  These channels allow lanelogic to offer a buy bid on any vehicle regardless of age, mileage, condition or book value,” stated Bruce Thompson, CEO and Founder of lanelogic.

John Fuller, President and CEO Of DSC said:

DSC is very excited to provide a new and cost effective inventory source for our dealer base.  The lanelogic concept is revolutionary and opens the door for independent dealers to obtain fresh new car trades that previously didn’t exist.  Our goals are to help our customers to find and procure the best inventory and price for their retail lots and to increase our penetration in financing our valued customers.  Service is our middle name and with lanelogic’s selection of vehicles and DSC’s pre-approved financing the process is fast and efficient and cost effective for our dealer’s.

“Prior to our partnership with DSC, independent dealers could not easily find or access inventory without a high cost middle-man. With lanelogic, DSC dealers receive vehicles from a trusted source that guarantees the condition of every vehicle and can fine tune which vehicles should be purchased for their location.   Jim O’Brien stated, “Our current dealers will benefit with this additional sales channel”.

lanelogic’s Fresh Trade Auction occurs Monday through Saturday from between 9 a.m. and 9 p.m. CST. Dealers interested in accruing vehicles through the Fresh Trade Auction can quickly sign-up online by selecting the “fresh trade sale” option at http://www.lanelogic.com/set-up/.