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Westlake News
November 2008 - Westlake Financial Enters New Jersey Markets
Los Angeles, CALIFORNIA – November 13, 2008 – Westlake Financial Services announces expansion into the New Jersey market.  Westlake now originates automotive loan contracts in a total of 35 states across the U.S.  New Jersey contracts began being accepted on November 1.

Mark Vazquez, VP of Sales, says Westlake already has a local Dealer Account Manager in the field signing up dealerships and adding to Westlake’s national dealer network.

“Despite challenging economic conditions, we’re proud to announce our continued expansion to new markets.  Starting originations in New Jersey furthers our goal of continued growth and expanding our national footprint,” says Vazquez.

Ian Anderson, President, adds, “We are continuing our business plan to be a full spectrum national lender.  We have over 5,000 dealers signed with us and we want to help New Jersey dealers sell more cars.”

New Jersey will be a part of Westlake’s Mid-Atlantic Region under Ricky Clack, the Regional Market Manager.

To learn more about Westlake Financial, including markets served and financing products available, visit www.westlakefinancial.com.

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About Westlake Financial Services ----------------------------------------------------------------------

Westlake Financial Services is an internet based, privately held finance company that specializes in the acquisition and servicing of sub-prime to near-prime automotive retail installment contracts.

Headquartered in Southern California, Westlake funds contracts through a network of over 6,000 new and used car dealerships throughout the United States.  All collections and servicing are performed in-house from its central facility located in the Mid-Wilshire area of Los Angeles.

Corporate Communications Contact -------------------------------------------------------------------

Farrell Johnson
Tel: 1(888) 389-3532
Fax: 1(323) 692-8944
Email: westlake_corporate_communications@westlakefinancial.com
www.westlakefinancial.com
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