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Press Release

Marine One Acceptance Corporation Joins Wolters Kluwer Financial Services’ AppOne Platform
Relationship Helps Connect Marine Dealers with New Lending Source as Peak Boat Selling Season Gets Underway

BATON ROUGE, La. – July 13, 2009 – Wolters Kluwer Financial Services announced today that Marine One Acceptance Corporation has joined its AppOne marine financing platform, which helps boat dealers and lenders simplify the boat finance process.

AppOne introduced its marine financing platform earlier this year, applying the same technology and loan documentation services it offers in the auto dealer market to marine dealers and lenders. Marine One serves as a full-spectrum financing source for franchise marine dealerships, specializing in approvals for consumers who have blemished credit.

AppOne will help Marine One connect with boat dealers nationally, enable quicker application response times and complete loan transactions faster with its DocOne document printing engine and validation tool. DocOne allows dealerships to print loan documents from a standard color laser printer onto plain paper at the point of sale and finance in a dealership setting. DocOne also helps ensure that loan documentation is accurate and compliant before reaching the lender for funding consideration. DocOne utilizes Wolters Kluwer Financial Services’ Bankers Systems line of documents, which is built upon more than 50 years of experience and is protected by Wolters Kluwer Financial Services’ industry-leading compliance warranty. DocOne provides data merging and population of these forms through a centralized Web-based delivery source.

“AppOne helps us connect with more boat dealers, while managing the challenges that accompany processing loan paperwork,” said Lance Engstrom, chief credit officer at Marine One Acceptance. “This helps ensure dealerships are submitting accurate and compliant documents, which minimizes funding time—a major benefit for the dealer, the lender and the consumer.”

“Working with Marine One, we can further extend the AppOne technology to the marine industry and open up finance opportunities for dealerships,” said Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services. “This comes at an ideal time for boat dealers as they focus on decreasing lender funding times during the peak summer selling season.”

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2008) €3.4 billion ($4.9 billion) and approximately 20,000 employees worldwide. Please visit our Web site for more information.

About Marine One Acceptance Corporation

Marine One Acceptance Corporation is a leading recreational products finance company based in Dallas, Texas with over $225 million in loan originations since operations began in 1995. It is our goal to assist marine and other recreational product dealerships increase their sales by providing loans to customers conventional lenders will not. Our highly experienced, knowledgeable and helpful in-house and regional staff ensures that we meet this goal year-in and year-out. Please visit our Web site for more information: www.marineone.com.


Quick Links Media Contacts

Jennifer Marso
Director of Corporate
Communications for Wolters Kluwer
Financial Services
612.852.7912
Email Jennifer
On Twitter: @JenniferMarso

Charles Miller
Senior Public Relations Specialist
Banking, Mortgage, and Credit Unions
320.240.5457
Email Charles
On Twitter: @CharlesWMiller

Angela Peterson
Senior Public Relations Specialist
Securities, Insurance, and Indirect Lending
612.656.7745
Email Angela
On Twitter: @AngiePeterson