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VINtek approaches 700-client milestone

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PHILADELPHIA (11/10/08)--VINtek, a provider of automotive collateral management services for credit unions, announced that it has increased its client base to 664 members--an increase of 199%. Revenue growth for October, compared with last October, was 95%. “As we face the worst times to probably hit the automotive industry since the Great Depression of the 1930s, auto lenders are looking for better collateral management processes to mitigate their lending risks,” said VINtek President Larry Highbloom.