| GUIDEPOINT ADDS SALES DIRECTOR FOR AUTO FINANCE CHANNEL
PONTIAC, Michigan, October 15, 2008 – GuidePoint Systems, a leading national supplier of GPS-based vehicle services, announced Werner H. Scherz has joined the company as sales director – auto finance channel.
The Pontiac, Mich.- based company said Scherz will help expand awareness of the Company among finance companies, particularly subprime and nonprime lenders. Guidepoint offers a comprehensive range of services to help finance companies increase collections efficiency, reduce vehicle repossession costs, and enhance their relationships with dealers.
Scherz joins Guidepoint from Credit Acceptance Corporation, a Southfield, Mich.-based publicly traded subprime auto finance company. Previously, he spent a decade at Enterprise Fleet Services, a division of Enterprise Rent-A-Car. He brings a variety of experiences in sales, product development and remarketing to his new post.
“We are pleased to have Werner join the Guidepoint team during these interesting economic times,” said Rand Mueller, chief executive officer and co-founder. “Given the current turbulence in the financial sector and the limited access to capital, every company needs to be looking at ways to most efficiently and profitably deploy its capital. Guidepoint offers a service-oriented program that is proven to increase collection returns and strengthen dealer-lender relationships.”
Sold through more than 2,000 new and pre-owned dealerships nationwide, Guidepoint integrates GPS, advanced wireless technology, the Web and 24/7/365 response centers to deliver a variety of services to vehicle owners, auto dealers, finance companies and fleet managers. Rated the #1 stolen vehicle tracking solution in 2007 by international research firm Frost & Sullivan, Guidepoint also offers a variety of driver safety, convenience, fleet management and vehicle tracking services.
About GuidePoint Systems: GPSi develops and markets telematics solutions for the automotive and powersports markets. Based in Pontiac, Mich., GPSi draws on more than three decades of experience supplying mobile electronics to the automotive aftermarket, as well as 15 years experience in vehicle tracking. The Company's Guidepoint™ telematics service, which is available through leading auto dealers in the United States and Mexico, lets drivers access a range of safety, security and convenience options including 24/7 vehicle tracking, emergency dispatch, towing and more. Visit www.guidepointsystems.com or call 1-877-GPS-FIND for more information.
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