––Strengthening their Product Offering to the Payday Lending Sector —

PORTSMOUTH, England March 17, 2010 — LAPS-IT, a specialist online payday loan origination and management software provider, has completed integration with Teletrack UK Ltd., the largest credit reference agency in the U.K. specialising in risk management solutions for short-term and non-traditional lenders.

“We are delighted to be working with Teletrack UK to bring this enhancement to the product offerings of both companies, as the integration of Teletrack into the LAPS platform was a prerequisite for us,” said David Wylie, director at LAPS-IT. “Teletrack has a very strong presence in the U.S. payday advance market. Many of Teletrack’s customers are now exploring possibilities here in the U.K. The LAPS product is quickly acquiring a strong position in the U.K. and Australian payday markets, which we attribute to an unbeatable software platform and aggressive price structure.”

LAPS-IT is a provider of cutting-edge payday loan origination and processing software to the short-term and non-traditional loan industry. LAPS’ experience assisting U.S. businesses with entry into the U.K. market, combined with Teletrack’s data and relationships, allows both companies access to risk assessment and fraud detection in both the payday advance and installment lending markets.

“LAPS-IT has a strong presence in the non-prime and niche lending markets, which complements Teletrack’s customer base,” said Dale Williams, managing director of Teletrack UK and president of its U.S. affiliate, Teletrack Inc. “LAPS-IT offers a complete solution by providing our clients with loan origination and management software, as well as call centre and project management resources.”

Teletrack delivers targeted, non-traditional credit history and leading-edge anti-fraud and consumer authentication solutions in combination with extensive credit performance information from the broader U.K. credit market. Expansion into non-traditional credit markets is increasing in the U.K., with both the introduction of new products from traditional lenders and entry by U.S.-based companies offering short-term, alternative lending products. The relationship between Teletrack UK and LAPS-IT allows new entrants and existing businesses to streamline their loan management and credit risk evaluation process.

About LAPS-IT
Development of the LAPS payday LMS began in 2008 and was launched in the second half of 2009. Unlike most other LMS providers in the U.K., LAPS was designed exclusively with the online payday lending market in mind and without compromise. Although we believe we have the best product currently available, we continue to develop enhancements so that our clients can be confident of remaining ahead of the technology game. LAPS is used by customers in the United States, the U.K. and Australia, and we are always handling implementation and enquiries from U.S. lenders aiming to enter both of those markets. The LAPS product is offered in addition to optional call centre and project management resources available by negotiation. Our offices are located within the landmark IBM headquarters building at North Harbour, Portsmouth, England. For additional information, visit www.laps-it.com.