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ESPRE Solutions to Supply Dealer Vision's Next Generation Video Application
By: Marketwire .
Apr. 8, 2008 01:30 PM
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![]() PLANO, TX -- (MARKET WIRE) -- 04/08/08 -- ESPRE Solutions, Inc. (PINKSHEETS: EPRT), a Dallas-based media solutions and technology company with a revolutionary and patented video compression technology, today announces that it has been awarded the contract to develop enhanced technology for Dealer Vision's point-to-point video collaboration application for use by independent dealer clients utilizing the Finance Express dealer management system. ESPRE's application makes it possible for automobile buyers to meet "face to face" with a fully trained F&I Professional via a live internet video conference to discuss and execute a vehicle purchase, including the presentation and sale of aftermarket products and full transaction disclosure. The ESPRE solution, powered by ESPRE's Java-based videoconference software, will allow auto buyers to review the terms, discuss financial arrangements, and actually engage in a virtual white-boarding session to review the specifics of an automobile purchase. "Dealer Vision adds another layer of risk mitigation for our Finance Express participating lenders in a time when consumer fraud is growing problem, and just as important, another level of compliance for our dealers that is not available anywhere else," states President of Finance Express and founding partner of Dealer Vision, David Huber. "We're pleased to be working with such an innovative, forward-thinking company as ESPRE. Together we'll take Finance Express and Dealer Vision to another level through superior technology." Pete Ianace, CEO of ESPRE Solutions, states, "With online collaboration options multiplying, companies are looking for ways to differentiate themselves. More than just a buzzword, collaboration has become a key and much sought after competitive differentiator. Enterprises seek to harness the power of collaboration to increase efficiency and reduce costs while simultaneously providing huge gains in customer satisfaction through the personalization of products and services. This application for Dealer Vision does just that. It brings the customer and remote F&I professionals together for a personal and effective experience. It is also another example of our focus on contracting with customers that generate a monthly reoccurring revenue stream for ESPRE." About ESPRE Solutions, Inc.: Plano, Texas-based ESPRE Solutions is a public company (PINKSHEETS: EPRT) and groundbreaking media collaboration solutions provider that fulfills the promise of TV-quality, real-time and streaming video over the Internet, via Java, the world's most widely-implemented software platform. ESPRE Solutions intends to be the video solutions provider of choice for Internet Service Providers, Enterprises, application developers, communications hardware vendors, and chip manufacturers, by providing both narrowband and broadband video solutions for integration into traditional voice and data applications. ESPRE Solutions' ESPRE Live(TM) Media Engine provides an integrated toolkit solution for developers to create applications for business and personal communications. To learn more about ESPRE Solutions, or to experience the company's pioneering video compression technology, visit www.espresolutions.com. About Dealer Vision: Dealer Vision is an innovative company designed to revolutionize the F&I process for independent used car dealers. Through its relationships with one of the largest providers of finance and insurance (F&I) products in the automotive industry, a third party call center, and Finance Express, Dealer Vision coordinates the closing and funding of automotive purchases and offers aftermarket products through a live video integration between the customer, the dealer and a fully trained and experienced F&I manager. Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Reform Act of 1995. Forward-looking statements made by ESPRE Solutions, Inc. are not a guarantee of future performance.
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