CompuCredit Hires Chief Technology Officer

Business Wire, August 15, 2000

Business Editors

ATLANTA--(BUSINESS WIRE)--Aug. 15, 2000

CompuCredit Corporation (NASDAQ:CCRT) announced today that it has hired Claude Suddreth, Jr. to the newly created position of chief technology officer. In this role, he will be responsible for providing technology leadership in the areas of database management, system infrastructure, Web development, system development and network operations.

"The rapid growth and success of our company is a direct result of our innovative proprietary technology," said CompuCredit Chief Executive Officer David Hanna. "Given our growth and the speed at which technology is constantly changing, the time is right for us to have someone totally focused on this important aspect of our operations. We are fortunate to have someone with Claude's background and experience join our team in this capacity. He will be a very effective leader."

Mr. Suddreth's experience includes past technical positions at CauseLink.com, an Internet start-up; S1 Corporation, a financial services software company; Alliance International, an international manufacturing company; Ball/Foster Glass, a manufacturer of glass containers; and Software Ventures Corporation, a software design firm specializing in applications for the automotive and financial markets.

Most recently, he served as vice president of information technology at CauseLink.com, an Internet company focusing on the nonprofit community, where he conceptualized and designed integrated systems, assisted in technical product selection, developed partner selection and relationship management.

Prior to CauseLink.com, Mr. Suddreth served as senior implementation and integration manager for S1 Corporation in Atlanta. There he oversaw the installation, implementation, testing, and production rollout phases of systems serving various financial institutions.

Mr. Suddreth holds a bachelor's degree in electronics engineering technology and a master's degree in industrial engineering technology from Southeastern Oklahoma State University.

CompuCredit Corporation is a credit card company that uses analytical techniques, including sophisticated computer models, to identify consumers who it believes are credit-worthy and are overlooked by more traditional consumer credit providers. CompuCredit markets unsecured Aspire(R) Visa(R) credit cards through direct mail, telemarketing and the Internet. In July 1999, CompuCredit launched its consumer web site, www.aspirecard.com, through its Internet marketing services subsidiary AspireCard.com, Inc. Consumers can apply online and receive a credit decision within seconds. CompuCredit also markets credit life insurance, card registration, buying club memberships and travel services to its cardholders. Aspire Visa cards are issued by Columbus Bank and Trust Company under an agreement with CompuCredit. CompuCredit completed its initial public offering in April of 1999 and was included in the Russell 2000(R) Index in July 1999 and the NASDAQ FIN-100 Index in May 2000.