Press Release

Wolters Kluwer Financial Services Joins NIADA National Member Benefit Partnership Program

MINNEAPOLIS – June 6, 2011 – Wolters Kluwer Financial Services announced today that it has joined the National Independent Automobile Dealers Association’s (NIADA’s) National Member Benefit Partnership Program to provide even more independent auto dealers with access to its Indirect Lending solutions. Through the program, NIADA provides its members with highly vetted strategic partners providing leading-edge solutions and services.

As part of Wolters Kluwer Financial Services’ new relationship with NIADA, the organization’s members will have access to AppOne®, the company’s web-based lending platform that connects independent auto dealers with lenders. AppOne automates the credit approval, documentation and risk mitigation processes for dealers and lenders.

“Our members more than ever need resources to help balance regulatory demands and the business needs of their dealerships,” said Scott Lilja, vice president of member services for NIADA. “We are pleased to offer the members of NIADA the opportunity to expand their access to financing sources and efficiently manage their compliance risk via our new National Member Benefit relationship with Wolters Kluwer Financial Services.”

“NIADA is a well-established and respected organization, and we are pleased to be able to participate in its National Member Benefit Partnership Program,” said Jason Marx, vice president and general manager of Mortgage and Indirect Lending for Wolters Kluwer Financial Services. “We look forward to helping NIADA members expand their financing options and simplify their lending and compliance processes so they can devote more time and resources toward building their business.”

Wolters Kluwer Financial Services’ Indirect Lending business unit offers compliance documentation and customizable tools that help the indirect lending market address regulatory requirements and mitigate risk. In addition to AppOne, these tools include Bankers Systems® retail installment contracts; CompliSource,  a web-based tool that helps BHPH dealers and lenders manage state law compliance; and DocOne®, a document engine and compliance validation tool that enables dealers and/or lenders to print loan documents from a standard color laser printer.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services supports its global customers with more than 30 offices in 20 countries and is a leading worldwide provider of compliance and risk management solutions for the financial services industry, serving more than 15,000 banking, insurance and securities customers across the globe. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2010) €3.6 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website for more information.

About NIADA

The National Independent Automobile Dealers Association (NIADA) http://www.niada.com/, founded in 1946, has represented quality independent automobile dealers for over 61 years. NIADA assists its members in becoming more successful within the used motor vehicle industry. Through membership in NIADA, members join with over 20,000 other professional automobile dealers who share the dream of financial prosperity for their business. NIADA is the industry's legislative representative -- working hard every day to protect dealer and consumer interests. The association consistently brings forward industry education, valuable industry information along with services and benefits designed to prepare members for an ever-changing marketplace.  As a consumer friendly association, automotive consumer information can be found on http://www.autoconsumer.tv/.