AUTOMOTIVE AND FINANCE INDUSTRY LEADERS JOIN TO CREATE CONNECT 1 RECOVERY

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Memphis, TN and Nashville, TN – April 18, 2013 – City Enterprises, parent entity of City Auto and Dealers Auto Auction, along with Phil Hanks, former president of Primeritus Financial Services, Inc. announce their joint collaboration in the formation of Connect 1 Recovery, LLC, a full service collateral recovery company. Connect 1 Recovery is headquartered in Nashville, Tennessee and operates in Maryland, Tennessee, Georgia, Texas and Arizona.

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Primeritus Financial Services Exits Direct Recovery Business

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PRESS RELEASE

Nashville, TN – April 9, 2013 – Primeritus Financial Services, a leader in recovery management, skip tracing and remarketing services, announced today it has sold its remaining direct recovery repossession business to Connect 1 Recovery, LLC.  This transaction finalizes Primeritus’ exit from the direct recovery business.

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