Reynolds Announces Michigan Automobile Dealers Association Endorsement of LAW(R)...

Reynolds Announces Michigan Automobile Dealers Association Endorsement of
LAW(R) 553 Universal Retail Sale Contract

DAYTON, Ohio, June 24 /PRNewswire/ -- Reynolds and Reynolds announced today
that the Michigan Automobile Dealers Association (MADA) is endorsing the
Reynolds LAW(R) 553 Universal Retail Sale Contract to the more than 700 new
car dealerships that the association currently represents throughout Michigan.

The LAW 553, as it is commonly known in the industry, is the most widely used
document in automotive finance. It helps simplify lending processes between
automotive retailers and financial institutions. Using LAW contracts also can
help decrease the time it takes to process a vehicle loan and reduce the
potential for errors, since one standard contract and set of procedures can be
used consistently for all retail finance deals.

"It's gratifying to add the Michigan Automobile Dealers Association to the
large group of organizations actively endorsing the LAW 553," said Jerry
Kirwan, senior vice president of Reynolds Integrated Document Solutions. "It
is a proven, cost-effective tool to help increase productivity and
profitability in a dealership and using it is one more step dealers can take
to improve their business operations."

In its endorsement, the MADA also recognized several other advantages of the
LAW 553:

-- Universally accepted by a wide range of funding sources.
-- Improved customer satisfaction, with less time spent in contract
preparation in the dealership.
-- More opportunity for F&I managers to focus on selling other F&I
products and services.

Additionally, by offering the LAW 553 to their dealership members, the
Michigan Automobile Dealers Association can help assure that its members are
using sale contracts that accurately reflect Michigan law and industry
regulations. The Reynolds LAW 553 is regularly reviewed to keep pace with new
legislative and regulatory developments.

LAW forms are available in all 50 states and have been endorsed by a number of
state automobile dealers associations for the benefits they provide for
dealerships, lenders, and consumers. The Reynolds LAW 553 is also available
in different languages and is able to work with any automobile retailer's
dealership management system.

About Reynolds
Reynolds and Reynolds was founded in 1866 as a business forms printer. Today,
Reynolds is recognized as the leading provider of automobile dealership
software, services, and forms that help dealerships improve business results.
The company is headquartered in Dayton, Ohio. (www.reyrey.com)

SOURCE The Reynolds and Reynolds Company

Thomas Schwartz, +1-937-485-8109 (office), +1-937-269-9569 (mobile),
Thomas_Schwartz@reyrey.com