Primeritus Financial Services, Inc. Announces Key Management Hires

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Industry Leaders Recruited for Key Sales and General Management Positions

PRESS RELEASE

Nashville, TN – December 10, 2013 – Primeritus Financial Services, Inc. today announced the addition of two industry leaders for key management positions. Ben Murdock has joined Primeritus as VP of Sales & Services.   Murdock most recently served as Executive Director of Sales and Services at Openlane, where he held several senior positions during his tenure there.  “Ben has 15 years’ experience in technology, management and sales operations servicing the automotive finance industry.  We are very excited to have him as part of the Primeritus team,” said Chuck Tapp, Primeritus’ CEO.  Murdock holds a BA in Business Management and an MBA in International Business.  He will report to Executive VP of Sales, Service and Marketing, Joe Mappes.

Chris McGinness has accepted the position of General Manager for the El Dorado Hills, CA Primeritus location. After an early background in public accounting, McGinness began his management career at ADESA, where he served as General Manager of their Sacramento auto auction for over 10 years.  His management experience spans a variety of operational functions including remarketing, transportation and repossessions. A Sacramento native, McGinness is an alumnus of Cal State Sacramento.

“We are very pleased to have Ben and Chris on the Primeritus team.  Both have broad and deep experience as industry leaders. Primeritus continues to raise the performance bar in the repossession services industry and the addition of Ben and Chris to our team reinforces our commitment to bringing our customers best-in-class solutions to asset location, recovery and liquidation. ” said Cam Hitchcock, Chairman.

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About Primeritus Financial Services:

Primeritus Financial Services is a national provider of repossession management, remarketing, title services and skip tracing services to the auto finance industry in the U.S. and Puerto Rico.  Since its inception in February of 2012, Primeritus Financial Services has strived to provide clients with value-added, outsourced repossession management and skip tracing services, leveraging a national network of certified agents and unique investigative techniques to quickly and reliably secure customers’ collateral.  Through leadership, service and performance, Primeritus Financial Services offer the trifecta of repossession services:  locate, recover and remarket.

For more information on Primeritus Financial Services, please visit www.primeritus.com .

Media Contact

Joe Mappes, EVP Sales, Service and Marketing

PRIMERITUS FINANCIAL SERVICES

(888) 833-4238

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