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AMERICAN FINANCIAL & AUTOMOTIVE SERVICES IMPLEMENTS STONEEAGLE SERVICE CONTRACT ADMINISTRATION SYSTEM

SEcureSCS Delivers the Cutting Edge Technology Necessary to Maintain Efficient Business Productivity

Dallas, Texas -- January 25, 2007 – The StoneEagle Group (StoneEagle) today announced that American Financial & Automotive Services, Inc. (American Financial), a leading provider of Finance and Insurance products, services and technologies to the automotive industry, has deployed SEcureSCS (Service Contract System) to automate the back-end processing and administration of vehicle service contracts, GAP, wear and tear, etch, and related aftermarket products.

After leveraging the ASP version of SEcureSCS since 1998, American Financial elected to license and install SEcureSCS locally as their enterprise system of choice. The unprecedented flexibility of SEcureSCS is due to the interactive user-definable controls for contract administration, calculations and claims processing. SEcureSCS allows users to create their own products and manage contracts and claims through their entire life cycle in an integrated and efficient fashion.

“American Financial selected StoneEagle as our vendor of choice because their service contract administration system and software applications directly reflect their exceptional knowledge of the insurance and automotive industries,” said Arden Hetland, President of American Financial. “SEcureSCS delivers the flexibility needed to bring our new product offerings to market more frequently and the technology necessary to enhance our customer service and business efficiencies.”

“StoneEagle is pleased to provide SEcureSCS tailored to meet the unique needs of American Financial. SEcureSCS enables American Financial to improve the penetration of vehicle service contracts and related aftermarket product offerings, while reducing the operational costs associated with administration,” said Brent Allen, President of StoneEagle’s Service Contract System Division. “Numerous third party administrators depend on SEcureSCS to increase business efficiencies, cost control, time to market, and profitability.”

About The StoneEagle Group
StoneEagle has provided software tools and enterprise administration systems tailored for the insurance and automotive industry for over thirty years. StoneEagle leverages the latest technology to create safe, secure connection points between Insurance Administrators and their Automobile Dealer, Bank and Credit Union clients. The result is a multi-functional suite of applications that are an ideal solution for administrators seeking total enterprise integration. Currently, SEcureSystems support over 62 Credit Life Insurance companies and 24 Service Contract Administrators internationally. For additional information please contact Jason Gillette at 855-937-8729 email: jgillette@stoneeagle.com or visit StoneEagle’s web site at www.stoneeagle.com.

About American Financial & Automotive Services, Inc.
American Financial & Automotive Services, Inc. has assisted dealers in maximizing profits for over thirty years. Exceeding clients' expectations has been the driving force behind American Financial's success. American Financial's proven status as a market leader is based on the ideal that the innovative products and services provided to the dealerships are backed and insured by the industry's strongest carriers. For additional information please visit our web site: www.afasinc.comm.

 

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