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Non-Tech : Union Acceptance Corp. UACA -- Ignore unavailable to you. Want to Upgrade?

To: Carey Thompson who wrote (17)	1/14/1998 4:14:00 PM
From: Carey Thompson	Respond to of 39

I believe this is the 2nd heart attack to hit an UACA ofcr in the last yr. See post #11. Thursday January 8, 12:34 pm Eastern Time Company Press Release Union Acceptance Corporation President Recovering INDIANAPOLIS--(BUSINESS WIRE)--Jan. 8, 1998--Union Acceptance Corporation (NASDAQ:UACA - news) today announced that the Company's President, John Stainbrook, 49, underwent successful heart bypass surgery Monday, January 5, 1998. Mr. Stainbrook is expected to make a full recovery and return to work in approximately 3 to 4 weeks. While Mr. Stainbrook is recuperating, the executive management team will be responsible for the day to day operations. They will work closely with Jerry D. Von Deylen, the Company's Chairman of the Board, during Mr. Stainbrook's absence. UAC is one of the nation's largest independent, indirect automobile finance companies. The Company's primary business is acquiring, securitizing and servicing prime retail installment sales contracts (primarily automobiles). These contracts are originated by dealerships affiliated with major domestic and foreign automobile manufacturers. The Company is focused on the upper-end of the credit quality spectrum. Union Acceptance Corporation commenced business in 1986 and currently acquires loans from over 3,200 manufacturer-franchised dealerships in 30 states. By using state-of-the-art technology in a highly centralized underwriting and servicing environment, Union Acceptance Corporation enjoys one of the lowest cost operating structures in the independent prime automobile finance industry. ------------------------------------------------------------------------ Contact: Union Acceptance Corporation Rick A. Brown, 317/231-7934