LoanGenie Announces Addition to Its Advisory Board of Directors

NEWPORT BEACH, Calif.--(Business Wire)--LoanGenie, Inc., a leading provider of on-demand software and data
solutions for consumer finance transactions, today announced that it
has appointed Michael Kurdziel to serve on its Advisory Board of
Directors.

"We are very pleased to welcome Mike to the LoanGenie Advisory
Board of Directors, given the breadth of his experience in other
rapidly growing companies, and his background within the automobile
arena specifically on-demand software solutions as founding member of
DealerTrack, we are confident this addition to the LoanGenie team will
give valuable perspective and creditability to ApprovalFinder suite of
services, LoanGenie's technology offering," said John Vasquez,
Chairman of the Board and Managing Partner for Newport Capital Asset
Management Group, G.P.

Mr. Kurdziel worked as Director of Corporate Development and
Strategy at Activision, Inc., where he oversaw the acquisition of and
investment in multiple companies as well as drove long-term strategic
planning efforts. Prior to joining Activision, Mr. Kurdziel was a
senior executive and founding member of DealerTrack (Nasdaq:TRAK), a
$1.8 billion market cap concern that is currently the leading provider
of software and data solutions for the automotive retail industry
nationwide. Previously, Mr. Kurdziel spent several years as a
strategic consultant with Scient Consulting working with numerous
Fortune 100 financial services companies including J.P. Morgan Chase,
Merrill Lynch and GE Capital. Mr. Kurdziel began his career working
for the Strategic Planning and Corporate Development practices of
Morgan Stanley and Merrill Lynch in New York, where he executed
numerous M&A transactions totaling in excess of $3 billion in value in
the financial services, media, technology, and service sectors.

"I am delighted to have the opportunity to work with LoanGenie's
highly experienced management team to help realize the company's
strategic vision and expansion strategy. There is a tremendous
opportunity to drive efficiencies across the entire consumer finance
industry that benefits both the providers and the consumers, and
LoanGenie's platform has the capability to help realize these
benefits," said Michael Kurdziel, Partner and Managing Director for
ARC Investment Partners.

About LoanGenie

LoanGenie is a leading provider of on-demand software, network and
data solutions for the consumer finance industry in the United States.
Utilizing the Internet, we have built a network connecting consumer
financial data with banks, finance companies, credit unions and other
financing sources, and other service and information providers, such
as appraisal services, broker price opinions and title/escrow loan
closing agencies.

Safe Harbor for Forward-Looking and Cautionary Statements

This release contains forward-looking statements that are subject
to certain risks and uncertainties and are subject to change at any
time. Factors that could cause actual results to differ materially
include, but are not limited to, pressure from other industry
participants, the inability to execute any element of the LoanGenie
business strategy, including selling products and services to existing
and new customers, as well as the impact of the overall lending
industry on LoanGenie's business; the impact of general economic
trends, including interest rates. The forward-looking statements
involve known and unknown risks, uncertainties and other factors that
are, in some cases, beyond the control of LoanGenie. We caution
investors that any forward-looking statements made by us are not
guarantees of future performance or events. We disclaim any obligation
to update any such factors or to announce publicly the results of any
revisions to any of the forward-looking statements to reflect future
events or developments, except to the extent required by law.

Newport Capital Asset Management Group, G.P.
John Vasquez, 949-759-5006

Copyright Business Wire 2007