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VINteks revenue up 39 over last year
PHILADELPHIA (8/1/08)--VINtek, a provider of automotive collateral management services for credit unions, announced that its revenue for the first six months of 2008 increased a record 39% compared with the same time period last year. A significant contributor to the growth is the increased transaction volume realized in VINtek’s direct-to-consumer platform. The platform provides lenders with Web-based document presentment to consumers and lien perfection for vehicles financed through private party purchases, existing auto loan refinances, lease buy-out financing and dealership sales. Since January, 230 customers signed up with VINtek. From July 2007 to June 2008, VINtek’s customer base increased more than 200%. VINtek is based in Philadelphia.


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