America bank home improvement loan

LAS VEGAS -- Curomax Limited, the North American leader in dealer finance e-commerce solutions and the originator of the premier multi-asset finance portal in Canada, announced that Bank of America will be the launch lender to introduce the Curomax Internet loan origination platform to recreational vehicle (RV) and marine dealer clients.

When the service becomes available to Bank of America clients later this year, it will automate the process of financing an RV or marine product, enabling dealers to submit consumer loan applications electronically and improve their ability to track the status of individual deals. Curomax representatives will facilitate demonstrations of this technology at the 2004 RV Dealers International Convention/Expo in booth 401.

"It's important to us to give dealers the products and services that help them do business," said Eric Telljohann, president of Bank of America Specialty Group. "This platform is a promising new avenue to enhance the loan origination process."

Curomax facilitates on-line, real-time interaction between dealers and lenders. Specifically, dealers will be able to submit transactions to the lender of their choice and obtain deal status in real-time. Curomax's industry-leading communication features will also help dealers and lenders efficiently resolve deals that require additional information to be completed.

"We worked with Bank of America Specialty Group to provide their dealers a sophisticated e-commerce solution," said Alan Bird, president and CEO of Curomax Corp. "Their reputation and position in the marketplace makes them the ideal lender for us as we expand across the United States. Electronically linking dealers with lenders, such as Bank of America, will quicken the delivery of data and help dealers manage their businesses more efficiently. We are currently in discussions with a number of lending institutions and anticipate additional announcements in the near future."

About Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving 33 million consumer relationships with 5,700 retail banking offices, more than 16,000 ATMs and award-winning online banking with more than ten million active users. Bank of America is the #1 Small Business Administration lender in the United States. The company serves clients in 150 countries and has relationships with 96 percent of the U.S. Fortune 500 companies and 82 percent of the Global Fortune 500. Bank of America Corporation stock (ticker: BAC) is listed on the New York Stock Exchange. For more information on Bank of America, visit the bank's Web site at www.bankofamerica.com.

About Curomax

Curomax and its industry leading on-line finance portal links dealers across North America to provide access to financial institutions and other aftermarket suppliers through a single application over the Internet. Lenders originating business through Curomax are dramatically improving their operational efficiencies, reducing their business costs and improving their product offerings to dealers across the United States and Canada.

More than 5,500 automotive, recreational, marine, power sport and home improvement retailers are secure in the knowledge that the loan or lease structuring information provided through Curomax is precise and designed to maximize rapid response from the selected lender. For additional information about Curomax, visit the company's Web site at www.curomax.com.