AUSTIN, Texas, March 18, 2005 -- Seven leading credit unions from around the country joined the growing list of customers that have selected indirect lending software from Teres Solutions, Inc. to automate and enhance their indirect lending programs. New credit unions that purchased Teres Solutions' software in the fourth quarter of 2004 included: Security 1st Federal Credit Union, Central Florida Educators Federal Credit Union, El Paso Employees Federal Credit Union, Honeywell Federal Credit Union, Redstone Federal Credit Union, Union Square Federal Credit Union and I.H. Mississippi Valley Credit Union. The credit unions have selected the SAIL(TM) (Software Application for Integrated Lending) solution to streamline their lending programs.

"An indirect lending program has proven to be a successful way to increase your loan portfolio, build your member base and increase your earnings," said Al Beltran, President and Chief Executive Officer of Security 1st Federal Credit Union of the Rio Grande Valley of South Texas. "Teres Solutions' software products provide the processes to better manage and expand your indirect lending program through automation and increase efficiencies."

"One of the best ways to add new members is by working closely with auto dealerships to secure loans," said Thomas Hast, Vice President of Marketing and Indirect Lending, JSC Federal Credit Union. "Teres Solutions gives us a leg-up on the competition by providing a direct, electronic link into the DealerTrack(TM) platform. By allowing us to electronically receive consumer application data through DealerTrack and then automatically approve those applications with SAIL, we are able to secure more retail installment contracts and leases faster and more efficiently, while at the same time, getting dealerships their money quickly -- sometimes the same day we approve the application."

Teres Solutions' SAIL software products are used by some of the nation's most successful credit unions to automate their indirect lending processes. The SAIL software products significantly reduce the time it takes to review loan applications, request and review credit reports, enter data into core systems, make lending decisions and quickly respond to dealers and members. With SAIL, not only is the lending process more efficient, but existing staff can be more productive by focusing on improving yields through new member acquisition or sales of add-on services. Key features of the SAIL family of products include:

-- Integration with DealerTrack's finance platform for automobile dealerships

-- Automated lending decisions through the SAIL Autopilot module

-- Sophisticated reporting capabilities

-- Integration with major credit union core systems, including Summit, Symitar and ULTRADATA, Users, and XP

-- Browser-based technology for rapid deployment and maintainability; while hosted from within the credit union's infrastructure for greater security and control

-- Intuitive user dashboard

-- Roles-based security features

-- Automated credit checking

-- Application history lookup

-- Federal regulation compliance

-- Automatic dealer response generation

"We are honored to be working with leading credit unions around the country who recognize the important role cutting-edge technology, like SAIL software products, plays in helping them achieve and exceed their membership goals," said Bruce Callen, president of Teres Solutions, Inc. "Entering 2005 in the company of these outstanding organizations is a testament to the value our products deliver for indirect lending programs. We look forward to bringing new solutions to market that will further advance all aspects of a credit union's lending program."

For more information about Teres Solutions and its SAIL software products, visit www.teressolutions.com.

About Teres Solutions, Inc.

Teres Solutions, Inc. was founded in 2002 for the express purpose of developing direct and indirect lending software products that define the state-of-the-art for the financial institution market. Its Software Application for Integrated Lending (SAIL) direct and indirect lending products allow financial institutions to streamline lending decisions, increase revenue through enhanced loan application processing efficiency, improve dealer and member relations, and augment loan tracking and reporting capabilities. Visit www.teressolutions.com for more information on Teres Solutions, its products and services.

SAIL is a trademark of Teres Solutions, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.

Teres Solutions, Inc., Austin
Steve Maloney, 512-218-4200
info@teressolutions.com
or 
Virtual PR Director, LP 
Karl Scholz, 512-493-0909 
karl.scholz@virtualprdirector.com