Flex Fund Adds More than 300 Whole-Car and Salvage Auctions in its First Year of Operation

Flex Fund Financial Services, LLC, a leading provider of used-car inventory financing for new- and used-car dealers, and salvage buyers, today announced that it recently signed operating agreements for inventory financing with 10 new independent auctions. The additional agreements bring the company’s total signed auctions to 310, including approximately 150 whole-car and 160 salvage auctions, respectively.

“In less than one year in operation, Flex Fund has established a solid base of customers in the used- and new-car, and salvage markets,” said Cliff James, Flex Fund’s CEO. “Methodical expansion, key new employee hires and strategic alliances have allowed us to deliver our innovative inventory financing options to a growing number of dealers and salvage buyers. It is our goal to further increase our reach in the marketplace by continuing to expand the network of auction partners that we serve.”

In addition to existing agreements with a multitude of independent auctions and all of the major national auction chains, Flex Fund recently signed a range of new independent auctions including: Bristol Auto Auction, Bristol, Tenn.; Inventory Management, Thousand Oaks, Calif.; I-10 Auto Auction of San Antonio, San Antonio, Texas; Contract Services Auction Center, Otay Mesa, Calif.; Dealers Auto Auction of the Rockies, Denver, Colo.; Dealers Auto Auction of the Southwest, Phoenix, Ariz; East Tennessee Auto Auction, Fall Branch, Tenn.; Lone Star Auto Auction, Lubbock, Texas; Sparkling City Auto Auction, Corpus Christi, Texas; Quartz Dealer Direct Auto Auction, Anaheim, Calif.; and Waco Midway Auto Auction, Waco, Texas.

About Flex Fund

Flex Fund Financial Services, LLC, provides used-car inventory financing (floor planning) to used and new-car dealers, and salvage buyers. The company has established relationships with key industry leaders, offering customers access to a broad selection of inventory with innovative financing options to meet their needs. Headquartered in Orange County, Calif., with operations in Minneapolis, Flex Fund is led by a senior management team with more than 150 years of automotive industry experience. To learn more, visit Flex Fund online at: www.flexfund.net.