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INNOVATIVE AFTERMARKET SYSTEMS (IAS) APPOINTS BOB CORBIN AS EXECUTIVE CHAIRMAN AND TAPS PATRICK BROWN AS THE COMPANY'S NEW PRESIDENT AND CEO

The company's decision to expand its executive leadership team and transition the CEO role signals plans to expand

Monday, September 12, 2016

Austin, Texas - September 12, 2016 - IAS, a leading provider of F&I solutions to the automotive industry, today announced that Patrick Brown has joined the company as president and CEO effective September 12, 2016. Mr. Brown succeeds longtime IAS executive Bob Corbin who has been with the company since 2000. Mr. Corbin will continue to play a key role in the company transitioning his focus to mergers and acquisitions.

Mr. Brown's experience running high growth private companies and divisions of high growth public companies makes him uniquely suited for the leading role at IAS. Furthermore, Mr. Brown's experience in non-automotive financial services industries affords him a fresh perspective to help grow IAS.

"I have spent a lot of time with Patrick over this process and am convinced that he is the right person at the right time for IAS. He is a big picture thinker with a proven track record of successfully managing and growing companies and that kind of vision is something we need more of in F&I," said Bob Corbin, executive chairman at IAS. "I'm incredibly proud of my tenure at IAS and the team that we have put in place. I lit the torch and now I'm ready to pass it on."

Before joining IAS, Mr. Brown served as the General Manager of the Commercial Prepaid business for Netspend, a division of Total System Services, Inc. (NYSE: TSS). In this role Mr. Brown was responsible for the strategy and overall growth of Netspend's commercial prepaid division. Mr. Brown joined Netspend subsequent to its acquisition of Procesa International, LLC where Mr. Brown was founder and CEO. Mr. Brown also served as General Manager of Euronet Payments & Remittance, Inc., a wholly owned subsidiary of Euronet Worldwide, Inc.(NASDAQ: EEFT). Mr. Brown joined Euronet subsequent to its acquisition of Continental Transfer, of which he was a co-founder and served as chief operating officer.

"I'm thrilled to be joining the IAS family. Bob and team have done an outstanding job over the last 16 years positioning IAS as the market leader in the F&I industry. I'm looking forward to working with the IAS team and the company's extended family of nationwide partners," said Patrick Brown, president and CEO at IAS. "

Mr. Brown holds a Master of Business Administration from the University of North Carolina at Charlotte and bachelor's degrees in economics and finance from Wingate University. He and his family currently reside in Austin, Texas.

About IAS

Innovative Aftermarket Systems (IAS) is the leading provider of F&I aftermarket programs to automotive dealerships. IAS offers a variety of products including, GAP, Invisible Phantom Footprints, Theft Avert, Super Polysteel, The Preferred Difference, R.O.A.D. InTire, among others. Additionally, IAS' flagship software suite, SmartDealerProducts, provides revolutionary F&I software solutions for dealerships and their customers. IAS' training department, SmartDealerUniversity, provides ongoing training and feedback to ensure continued penetration, ethical presentations and increased profits for IAS dealership customers. Headquartered in Austin, Texas, IAS has hundreds of certified agents throughout the United States and provides technology solutions and aftermarket products for many of the top-100 dealer groups. For more information, please visit www.iasdirect.com.