AUTOMOTIVE AND FINANCE INDUSTRY LEADERS JOIN TO CREATE CONNECT 1 RECOVERY

P R E S S  R E L E A S E

Memphis, TN and Nashville, TN – April 18, 2013 – City Enterprises, parent entity of City Auto and Dealers Auto Auction, along with Phil Hanks, former president of Primeritus Financial Services, Inc. announce their joint collaboration in the formation of Connect 1 Recovery, LLC, a full service collateral recovery company. Connect 1 Recovery is headquartered in Nashville, Tennessee and operates in Maryland, Tennessee, Georgia, Texas and Arizona.

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