To: TokyoMex who wrote (6223 ) 10/14/1998 10:55:00 AM From: The Street Respond to of 119973
Tuesday September 29 , 2:57 pm Eastern Time Company Press Release FIRSTPLUS Announces Significant Ongoing Talks With Potential Strategic Partners DALLAS--(BUSINESS WIRE)--Sept. 29, 1998--Today FIRSTPLUS (NYSE:FP - news) stated that it remains strongly engaged in finding a suitable strategic partner and discussions with more than one party are well underway. Said Daniel T. Phillips, Chairman and CEO: ''We are moving forward on the course we set in our August 31 statement. There has been much speculation about our efforts, but we have made significant progress and we hope to resolve the matter in the next few weeks. A major reason we are attractive to prospective suitors is our quality retail capability. In the consolidating financial services industry, companies are looking for this platform as a way to sell products and cross-sell their own.'' FIRSTPLUS Financial Group, Inc. is a diversified consumer finance company that originates, purchases, services and sells consumer finance receivables. FIRSTPLUS is headquartered in Dallas, Texas and has seven regional offices domestically, a network of origination branches in the United States, and international operations based in Cardiff, Wales, the United Kingdom. FORWARD-LOOKING COMMENTS The above statements contained in this press release that are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties. The actual results of the future events described in such forward-looking statements in this press release could differ materially from those stated in such forward-looking statements. Among the factors that could cause actual results to differ materially are: the ultimate outcome of any negotiations, short-term interest rate fluctuations, level of defaults and prepayments, general economic conditions, competition, government regulation and possible future litigation, as well as the risks and uncertainties discussed in the Company's Current Report on Form 8- K, dated December 19, 1996, including without limitation, the uncertainties set forth from time to time in the Company's other public reports and filings and public statements. --------------------------------------------------------------------------------