Leading Automotive Company JM Family Enterprises, Inc. Turns 40

Business Wire, Oct 23, 2008

Jim Moran's Business Grows Into $12.2 Billion Company

DEERFIELD BEACH, Fla. -- Diversified automotive company JM Family Enterprises, Inc. (JM Family) is celebrating 40 years of success. Emerging from Jim Moran's vision and leadership of ten associates into a $12.2 billion corporation with nearly 5,000 associates, JM Family has achieved significant growth that has continuously ranked it as one of the largest private companies in the U.S.

Jim Moran, who passed away in 2007, founded the company in 1968, the same year he signed an agreement in Japan on October 26 establishing Southeast Toyota Distributors, LLC as the exclusive Toyota distributor in five southeastern states. Moran evolved JM Family into businesses similar to departments within a dealership. Subsidiaries include: Southeast Toyota Distributors, LLC (Southeast Toyota), World Omni Financial Corp. (World Omni), JM&A Group, JM Lexus and JMsolutions.

"We stand today 40 years strong because of Jim Moran and his good old-fashioned belief in hard work and innovative business practices," said Colin Brown, president and CEO of JM Family. "Having the best products and services to sell, a solid reputation and associates who are extremely talented and loyal, JM Family is positioned for even greater success in the future."

JM Family is currently ranked:

* No. 22 on Forbes list of largest private companies in the U.S.

* No. 23 by FORTUNE[R] magazine as one of the 100 Best Companies to Work For in the U.S., its 10th consecutive year on the list and one of only 11 companies to have ranked for 10 years.

* No. 7 on Computerworld's list of "100 Best Places to Work in IT."

Southeast Toyota (Established 1968), the world's largest independent distributor of Toyota and Scion vehicles:

* Began with 42 Toyota dealerships in Florida, Georgia, Alabama and North and South Carolina; it now has 172 dealers in the five southeastern states.

* Sold nearly 7 million vehicles and approximately $8 billion in parts.

* Remains the No. 1 Toyota private distributor in the world and the No. 1 selling nameplate in the Southeast.

World Omni (Established 1981), a diversified financial services company which provides financial products and services to consumers, dealers and lenders:

* Originated nearly 2 million consumer loans and leases totaling approximately $30 billion.

* Maintained its Standard & Poor's STRONG rating since 2004, the highest rating possible for a consumer finance, automobile loan and lease servicer.

* Subsidiary DataScan Technologies is experiencing significant growth and expanding into Asia, Canada, Mexico and Western Europe.

JM&A Group (Established 1978), one of the largest independent insurance and extended warranty groups of companies in the U.S. servicing more than 2,800 dealerships:

* Sold over 19 million vehicle-related service and maintenance contracts.

* $167 million in total claims paid and $1.4 billion in invested reserves.

* Expanded into Puerto Rico, is looking at additional business acquisitions and considering other markets outside the U.S., including Panama and Chile.

JMsolutions (Established 2005), a dealer-focused technology products and services company:

* Over 2,500 dealership clients nationwide utilizing a variety of software solutions.

* Through its AAX used vehicle inventory management system, dealers appraised 1.8 million vehicles, purchased 2 million vehicles and generated $1 billion in profits.

* Recently expanded into Canada.

JM Lexus (Established 1988), the largest volume Lexus dealership in the world:

* Earned Elite of Lexus distinction for 11 consecutive years.

* Sold more than 108,000 new and pre-owned vehicles.

* Its state of the art, world class service facility has serviced 1.3 million vehicles.

Community Involvement

Since JM Family Enterprises opened its doors, Jim Moran instilled the philosophy of giving back to our communities where we live and work. Further, to ensure his legacy of philanthropy would continue beyond his lifetime, he established The Jim Moran Foundation (The Foundation) in 2000. Combined, JM Family and The Foundation have invested tens of millions of dollars and volunteer hours to non-profit organizations throughout the U.S. Through a long-term agreement, The Foundation's significant funders are JM Family Enterprises and its subsidiaries, including Southeast Toyota Distributors.

To celebrate the 40th anniversary, The Foundation awarded two $40,000 grants to non-profit organizations, Junior Achievement of North Florida and Fantasy Theatre Factory, Inc. in South Florida.

About JM Family Enterprises, Inc.

JM Family Enterprises, Inc. (JM Family) (www.jmfamily.com) is a $12.2 billion diversified automotive company ranked by Forbes as the 22nd-largest privately held company in the U.S. It is currently ranked No. 23 by FORTUNE[R] as one of the 100 Best Companies to Work For, its 10th consecutive year on the list. The company is also ranked No. 7 on Computerworld's list of "100 Best Places to Work in IT" and No. 129 on the InformationWeek 500 - a list of the nation's leading technology innovators. Primary subsidiaries and divisions include: Southeast Toyota Distributors, LLC, the world's largest independent distributor of Toyota and Scion vehicles; World Omni Financial Corp., a diversified financial services company; JM&A Group, one of the largest independent insurance and extended warranty groups of companies in the U.S.; JM Service Center LLC, the company's internal shared services center; JM Lexus, the largest volume Lexus dealership in the world; and JMsolutions, a dealer-focused technology products and services company. Headquartered in Deerfield Beach, Fla., JM Family has major operations in Jacksonville and Margate, Fla.; Commerce and Alpharetta, Ga.; Mobile, Ala.; and St. Louis, Mo.