FirstPlus Financial Group, Inc. Enters into Debenture Agreement with Subsidiary Rutgers...

FirstPlus Financial Group, Inc. Enters into Debenture Agreement with
Subsidiary Rutgers Investment Group, Inc.

IRVING, Texas, March 31 /PRNewswire-FirstCall/ -- FirstPlus Financial
Group, Inc. (Pink Sheets: FPFX) has entered into a collateral pledge and
subordinated debenture agreement with its wholly owned subsidiary Rutgers
Investment Group, Inc., effective December 31, 2007.
Under the agreement, FirstPlus Financial Group, Inc. issued 10,000,000
common shares to its subsidiary, Rutgers Investment Group for general and
corporate purposes. The shares that were issued are secured by a $1 million
subordinated debenture issued by Rutgers Investment Group, Inc. at the
December 31, 2007 closing. The $1 million debenture and the accrued interest
as provided in the debenture is payable on demand at any time after the first
anniversary date of the December 31, 2007 closing.
This infusion permits Rutgers to more aggressively pursue its plans for
licensing and expansion as a mortgage banking firm in selected areas of the
United States.
About FirstPlus Financial Group, Inc.
A diversified provider of strategic business and financial services,
FirstPlus Financial Group has grown rapidly through a series of mergers and
acquisitions, creating a synergistic business mix from which to provide
significant growth potential and to create value for its shareholders and
employees.
About Rutgers Investment Group, Inc.
A wholly owned subsidiary of FirstPlus Financial Group, Inc., Rutgers
Investment Group is dedicated to helping corporate clients compete in today's
fast-changing business climate by providing many innovative financing options.
Rutgers also offers home mortgage processing services as well as fulfillment
on a contract basis.
Safe Harbor
This document contains forward-looking statements within the meaning of
the "safe harbor" provisions under Section 21E of the Securities Exchange Act
of 1934, as amended, and the Private Securities Litigation Reform Act of 1995.
The Company uses forward-looking statements in its description of its plans
and objectives for future operations and assumptions underlying these plans
and objectives, as well as in its expectations, assumptions, estimates and
projections about the Company's business and industry. These forward-looking
statements involve risks and uncertainties. The Company's actual results could
differ materially from those anticipated in such forward-looking statements as
a result of certain factors as more fully described in this report.
Forward-looking terminology may include the words "may," "permits,"
"expects," "believes," "anticipates," "intends," "projects," or similar terms,
variations of such terms or the negative of such terms. These forward-looking
statements are based upon the Company's current expectations and are subject
to factors and uncertainties which could cause actual results to differ
materially from those described in such forward-looking statements. The
Company expressly disclaims any obligation or undertaking to release publicly
any updates or revisions to any forward-looking statements contained in this
report to reflect any change in its expectations or any changes in events,
conditions or circumstances on which any forward-looking statement is based.
SOURCE FirstPlus Financial Group, Inc.

Margaret Foster of FirstPlus Financial Group, Inc., +1-972-717-7969,
mfoster@firstplusgroup.com