[February 21, 2008]

Teres Solutions Taps Industry Veteran Jack Jordan as New Vice President of Product Management

AUSTIN, Texas --(Business Wire)-- Teres Solutions(TM), Inc., a leading provider of direct and indirect lending software to credit unions and financial institutions, today announced it has named Jack Jordan to the position of vice president of Product Management. In his new role, Mr. Jordan will spearhead the strategic development and expansion of the SAIL lending platform, one of the top three lending automation platforms in the industry.

"As a user of Teres Solutions software for many years, Jack played a key role in helping us refine and improve our platform to better serve the needs of our customers," said Tim Kelly, CEO of Teres Solutions. "We're excited to have him on board as the new head of Product Management. Jack will work closely with our talented development staff to ensure that SAIL continues to play a strategic role in helping our customers succeed in the ever-evolving lending market."

Mr. Jordan has over 26 years experience working in the financial services industry. He most recently served as chief operating officer for Velocity Credit Union, where he held a variety of roles over the past two decades, including loan officer, marketing director, vice president of Administration, vice president of Lending, and senior vice president. Mr. Jordan also served as president of AMFCU Services, Inc., a wholly owned CUSO of Velocity Credit Union, and as a member of the Board of Managers of CU Business Solutions, LLC, a seven member CUSO providing member business lending services. He also spent two years with Billing Concepts Corp. of San Antonio, where he was chief operating officer of FiData, Inc., then a Billing Concepts subsidiary.

"As the provider of one of the top lending platforms in the industry, Teres Solutions knows what it takes to help lenders extend their presence in the market and grow their businesses," said Jack Jordan. "I'm honored to be part of the team that will continue to expand the SAIL platform in ways that will allow Teres Solutions customers to stay ahead of the lending industry curve."

Teres Solutions SAIL software family is used by some of the nation's most successful credit unions, lending CUSOs, banks and finance companies to automate their indirect, direct and web-based lending processes. With SAIL software, not only are lending processes faster and 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:

-- Supports multiple loan types, including home equity, HELOC's, share and CD secured, credit card, personal, balloon loans, auto, boat and motorcycle, and more.

-- Electronic integration with RouteOne, DealerTrack and CUDL finance platforms for automobile dealerships;

-- Embedded electronic integration with Lenders Protection(TM) from CUNA Mutual Group;

-- Bi-directional, real-time integration with major credit union core systems, including: Summit, Symitar, UltraData, Users, OSI, IntegraSys and XP;

-- Infinite options for structuring loan decisioning and auto approval;

-- Sophisticated real time reporting;

-- Browser-based technology for rapid deployment and maintainability;

-- Roles-based security features;

-- Automatic dealer response generation;

-- Integration with NADA Guides and Kelley Blue Book;

-- Integration with top three credit bureau providers;

-- Integration with Auto Financial Group and CULA (Credit Union Leasing of America) for balloon loans and leases.

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. Teres Solutions has been recognized as a Microsoft certified partner with accredited core competencies. Visit www.teressolutions.com for more information on Teres Solutions, its products and services.

SAIL is a registered trademark and Teres Solutions 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.

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