Wolters Kluwer Financial Services` AppOne Offers Penn Warranty Service Contracts to its Auto Dealer Network

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Mon Jul 20, 2009 11:30am EDT

Penn Warranty Now Part of AppOne`s Online Product Marketplace
BATON ROUGE, La.--(Business Wire)--
AppOne, a part ofWolters Kluwer Financial Services, announced today that it will
provide its auto dealer clients with access to The Penn Warranty Corporation
products through AppOne`s online Product Marketplace. Penn Warranty provides
service contracts to used car dealers across the United States. 

Through this new relationship, dealers using the AppOne platform will have the
ability to sell Penn Warranty service plans, which offer a wide range of
coverage options. All of the forms necessary to complete the sale of a Penn
Warranty service contract will be built into the AppOne system. Additionally,
AppOne will remit warranty premiums for vehicles financed through its portal
directly to Penn Warranty. 

For AppOne`s dealer clients, this simplifies the process of establishing a
warranty since they have easy access to the forms they need and no longer have
to worry about making separate premium remittances to a warranty provider. It
also allows dealers to offer an added service to their customers because car
buyers` warranty coverage goes into effect quickly when they purchase a vehicle.


Lenders who have seen some warranty premiums become delinquent in the tough
economy will also benefit since AppOne can control the distribution of funds at
closing and make timely and accurate payment of all warranty premiums directly
to the warranty plan provider. 

"By integrating Penn Warranty products with the AppOne platform, we offer our
dealers another convenient way to serve their customers, while providing another
layer of protection for lenders, which is critical in the current marketplace,"
said Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services.


"AppOne`s automated platform makes it easy for us to connect with more dealers
and mitigate operational risk," said Jude Tuma, president at Penn Warranty.
"This allows us to continue to expand our reach and provide warranty protection
to more consumers." 

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content,
and technology solutions and services that help financial organizations manage
risk and improve efficiency and effectiveness across their enterprise. The
organization`s prominent brands include Bankers Systems, VMP Mortgage Solutions,
PCi, AppOne, GainsKeeper, Capital Changes, NILS, AuthenticWeb and Uniform Forms.
Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global
information services and publishing company with annual revenues of (2008) €3.4
billion ($4.9 billion) and approximately 20,000 employees worldwide. Please
visit our Web site for more information. 

About Penn Warranty

For more than two decades, Penn Warranty has been the trusted provider of
vehicle service contracts to car buying customers of independent dealerships. As
a leading innovator in the service contract industry, Penn Warranty has created
several successful programs that address the unique needs of independent dealers
and their customers. These programs enable independent dealers to maximize their
profits without sacrificing value and coverage for their customers. 

As one of the oldest auto service contract companies in the United States, Penn
Warranty has served as the trusted and reliable partner to more than 20,000
independent dealers. For more information about Penn Warranty, or to become a
Penn Warranty dealer, please visit www.PennWarrantyCorp.com, or call
800-356-9441. 

About Geminus Capital Partners, LLC:

Based in Philadelphia, PA, Geminus Capital Partners is a unique private equity
firm which buys, actively operates, and grows successful companies by infusing
capital and management talent. Geminus Capital has a particular focus on
companies in the automotive industry. Penn Warranty is a portfolio company of
Geminus Capital. For more information about Geminus Capital, visit
www.GeminusCapital.com. 



Wolters Kluwer Financial Services
Jennifer Marso, 612-852-7912
Director, Corporate Communications
jennifer.marso@wolterskluwer.com
On Twitter: @JenniferMarso
or
Angela Peterson, 612-656-7745
Senior Public Relations Specialist
angela.peterson@wolterskluwer.com
On Twitter: @AngiePeterson

Copyright Business Wire 2009

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