PORTLAND, Ore.—June 30, 2004—TitleAuctions Inc, provider of flexible, scalable competitive-bid auction software and training for the profitable remarketing of motor vehicles and watercraft, announced today that its nationwide network of credit unions now provides access to more than one million credit union members. TitleAuctions serves 43 credit unions in 14 states, including Idaho, Indiana, Louisiana, Massachusetts, Missouri, Montana, Nevada, Oklahoma, Oregon, Pennsylvania, Texas, Utah, Virginia, and Washington state.

Since TitleAuctions acquired its first credit union client in May 2003, the company’s clients have sold more than 250 repossessions, each for the asking price or higher. About 85 percent of those vehicles were sold to the participating credit union’s own members, resulting in two benefits: A higher sale price for the repo and new loan revenue, as well.

“We’re very excited about our growth in the credit union movement,” said Mark Coleman, President and CEO of TitleAuctions, “Our team works hard to consistently deliver lavish training, service and support, and credit unions have responded in kind.”

About TitleAuctions
TitleAuctions helps credit unions and auto dealers nationwide remarket motor vehicles and watercraft more profitably. The company provides flexible, scalable competitive-bid auction software, as well as comprehensive training and support to 43 credit unions in 14 states and auto dealers in the Pacific Northwest. The company is based in Portland, Oregon.

Contact:
Charisma! Communnications
Laurie Halter, 503-245-3140
lhalter@charismacommunications.com

Learn More. E-mail info@titleauctions.com or call 503-344-5001.