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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: John Miz who wrote (23018)	11/18/1999 10:57:00 AM
From: Jules	Respond to of 56532

DaimlerChrysler Unit Selects CMSI for Lending Automation Solutions debis Financial Services, Inc. Implements Suite of CMSI Credit Origination and Risk Management Tools ANNAPOLIS JUNCTION, Md., Nov. 18 /PRNewswire/ -- Credit Management Solutions, Inc. (Nasdaq: CMSS - news) today announced that DaimlerChrysler's indirect auto lending subsidiary, debis Financial Services, Inc., has selected CMSI's state-of-the-art credit automation technologies to revolutionize its automobile finance operations. debis Financial Services, Inc., based in Roanoke, Texas, provides lending and leasing services to over 1400 automobile dealers throughout 37 states. debis is installing CMSI's suite of credit automation tools, including the patented CreditConnection service that electronically links dealers to funding sources nationwide; LenderLink, an adjunct service that lets CreditConnection participants exchange loans; and CreditRevue, a credit origination system. Brian Reed, Managing Director of debis Financial Services, Inc. said his company decided to implement a full line of CMSI credit automation tools in order to position debis as a premier service provider in the indirect auto financing industry. ''CMSI's CreditRevue gives us the ability to provide faster application turnaround time as well as to more accurately track risk. CreditRevue will help debis enhance consistency and service to our dealer base,'' said Reed. ''We are also excited about the detailed information that CMSI's internal management function provides,'' added Reed. ''We will be better equipped to track individual dealer programs and report specifically on the performance of each program, each dealer and each dealer group.'' debis is installing: * CreditRevue, CMSI's flagship product, a credit origination system that automates and speeds the processing and decision making associated with all types of consumer and small business loans. * CreditConnection, the online lending service operated through CMSI's subsidiary, Credit Connection, Inc. CreditConnection links automobile dealers to a network of lenders throughout the United States and Canada. It allows dealers to submit applications electronically to the credit origination systems of multiple lenders and receive decisions quickly. * LenderLink, an electronic network that allows lenders who are part of CreditConnection to buy and sell loans. ''CMSI recognizes the importance of managing risk with scalable, open systems like CreditRevue,'' said Scott L. Freiman, President and CEO of CMSI. ''Whether a lender links electronically to dealers using CMSI's patented CreditConnection network and service as more than a score of lenders do today, or they maintain proprietary links to dealers originating loans, CreditRevue provides valuable automation tools that help improve the profitability of their credit portfolios.'' About CMSI Since it was founded in 1987, CMSI's credit automation and loan marketing technology services and software have been the choice of the world's largest and most demanding lending institutions. Building on its leadership, the company is rapidly becoming a premier provider of Internet-based online lending and leasing technology. CMSI licenses credit decisioning and other automation systems and services for consumer and business credit. CMSI also offers a portfolio of products through service bureau alliances that are provided by its alliance partners on a per-transaction fee basis. The Company's e-commerce products and services are built around its CreditOnline Internet gateway and its patented CreditConnection technology (www.creditconnection.com), which links credit originators such as automobile dealers and borrowers with an extensive network of leading prime and non-prime lenders. CreditRevue, CreditConnection, CreditOnline, and LenderLink are trademarks or registered trademarks of Credit Management Solutions, Inc. About debis debis Financial Services, Inc., of Roanoke, Texas, is an indirect non- captive lender and a company of the DaimlerChrysler Services (debis) Group. It provides lending and leasing services to over 1400 automobile dealers in 37 states, and is a leading provider of private-label financial products to automobile manufacturers and distributors. Press releases and other CMSI information can be found on CMSI's Web Sites: cmsinc.com and creditconnection.com

To: John Miz who wrote (23018)	11/18/1999 11:46:00 AM
From: John Miz	Read Replies (1) \| Respond to of 56532

Watch OBAS...Starting to move again. Probably on this recent news. SAN JOSE, Calif., Nov. 15 /PRNewswire/ -- Optibase (Nasdaq: OBAS - news) today announced an OEM agreement with Cisco Systems (Nasdaq: CSCO - news) under which Optibase will supply its MPEG MovieMaker 200 MPEG-1 and -2 encoding solutions for Cisco Systems' IP/TV solution. According to the terms of the agreement, Cisco will integrate Optibase's MPEG digital video hardware using Optibase's Progression(TM) Software Development Kit (SDK) with Cisco's IP/TV 3400 Broadcast Servers and will retain nonexclusive rights to promote, market, resell and distribute the technology. In addition, Optibase's Videoplex XPress(TM) is used as the MPEG hardware decoder for Cisco's IP/TV 3.0. IP/TV is a complete network video solution that combines a family of high performance servers with client-server software. It transmits live and pre-recorded video to desktop PCs over IP networks. Integrating Optibase's digital video products with Cisco's IP/TV 3400 Broadcast Servers allows efficient streaming of high quality video over networks while conserving bandwidth. IP/TV distinguishes itself by offering TV-quality video, built-in scalability, comprehensive management, personal program listings, and network-friendly technologies such as IP Multicast. News and information are available at cisco.com. Bob DeFeo, President of Optibase, Inc., said ''We are very excited to have Cisco as an OEM partner. The combination of Optibase's MPEG digital video technology and Cisco's IP/TV is the ideal solution for business customers who wish to deliver high quality video across the enterprise. Our work with Cisco showcases Optibase's competence in the digital video networking arena, and demonstrates our commitment to becoming the premier provider of media streaming solutions for the network infrastructure.'' The Optibase MPEG MovieMaker 200 is a single-board MPEG-1 and MPEG-2 real-time encoder which supports the entire spectrum of video and audio encoding, from MPEG-1 through high-end MPEG-2 encoding. By using Progression(TM), Optibase's software toolkit, developers can easily integrate and customize Optibase products to fit applications requiring transmission of high quality video at low to medium bandwidths, such as streaming video over intranets, video networking and medical imaging. About Optibase Optibase provides high-quality, cost-effective solutions that enable the preparation and delivery of MPEG-based digital video over ATM and IP-based networks. Based on the company's expertise in both MPEG and network technologies, Optibase has created a suite of products used in applications such as digital video archiving, distance learning, business television and content creation For more information contact: Optibase, Inc., 3031 Tisch Way, Plaza West, Suite 1, San Jose, CA 95128, or call 408/260-6760, 408/244-0545, fax, or visit www.optibase.com.