PROCON, Inc. of Knoxville, TN Announces New LoanPlus™ Brand for the Banking Industry

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PROCON, INC. announces LoanPlus™, a new brand that is defined by unique application of GPS telemetrics for application to consumer and wholesale lending, client-centered customized programming, and industry-experienced service staff.

No two bank clients have been the same so far, and the main issues tend to be security of information and privacy matters. We address these concerns with our unique programming and hardware technologies.

PROCON, INC. announces LoanPlus™, a new brand that is defined by unique application of GPS telemetrics for application to consumer and wholesale lending, client-centered customized programming, and industry-experienced service staff.

Tim Welch, PROCON COO, says, "Our on-going involvement with the banking industry has shown us lenders require special attention involving both industry experience and client- specific support. To meet these needs, we have established a unique team of experienced people and technologies to serve the banking community in their efforts to protect their loan assets."

To support this new brand, PROCON has recently formed the Lender Services division headed up by Jim Giammarco, Vice President. According to Mr. Welch, Mr. Giammarco has experience as a dealer/owner; as a senior manager in a major financial institution; and significant experience in the GPS technology field. His active personal involvement in sub-prime consumer lending and wholesale financing has brought new dimensions to the application of GPS technologies in these markets. Jim is quite enthusiastic and positive about the impact LoanPlus™ can have on helping lenders become more profitable.

Mr. Giammarco states, "Lenders are looking for ways to secure their loans, improve collections and reduce costs all at the same time. We all know capital is difficult to acquire in today's market, so lenders must get as much value as possible from the resources they have available. We can definitely help them."

PROCON clients who are already using the LoanPlus™ technology are experiencing improvements in collections and efficiencies in operations. Literally thousands of loans and vehicles are monitored 24/7. The Lender Services dedicated IT, Account Management, and Field Services staffs provide support and continuous improvement skills on a client-centered basis.

Mr. Giammarco says, "No two bank clients have been the same so far, and the main issues tend to be security of information and privacy matters. We address these concerns with our unique programming and hardware technologies."

Interested parties can learn more about LoanPlus™ by visiting the website at http://www.loanplusgps.com.

About PROCON:
PROCON, headquartered in Knoxville, Tennessee, is one of the world's leading providers of MRM products and services. By providing a globally managed, wireless data network, PROCON reduces the costs; complexities and risks associated with deploying and supporting mobile applications and connected devices. PROCON offers solutions for government, automotive, consumer and commercial applications and currently has more than 450,000 units in use throughout the United States, Canada and Mexico. PROCON has more than 25 industry-leading brands and offices in the United States, Canada, Mexico, Australia and the United Kingdom, and a software development laboratory in Thailand.
Media Contact: PROCON David Meyer at 866-694-2704 or visit http://www.proconmrm.com.

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Mark Van Dyke
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