PROCON Inc. Announces new LoanPlus™ brand for the Banking Industry

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Knoxville, TN - September 23, 2009 - 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.

To support this new brand, PROCON has recently formed the Lender Services division headed up by Jim Giammarco, Vice President. Tim Welch, PROCON COO, says that “we have established an experienced and unique team of people and technologies to assist the banking community with protecting their loan assets involved with consumer loans and wholesale inventory financing”.

Jim Giammarco states “lenders are looking for ways to secure their loans, improve collections and reduce costs all at the same time. We all know that capital is difficult to acquire in today’s market, so lenders must get as much value as possible from the capital they have available. We can help them do that.”

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 an client-centered basis. Mr. Giammarco says that “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.”

About ProconGPS
PROCON, headquartered in Knoxville, Tennessee, is one of the world’s leading providers of MRM (Mobile Resource Management) 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 over 450,000 units being used throughout the U.S., Canada and Mexico. PROCON has over 25 industry-leading brands and offices in the United States, Canada, Mexico, Australia, the United Kingdom and a software development laboratory in Thailand.

Media Contact
David Meyer
1 (866) 694-2704

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