Zoot Enterprises Reports Record Performance Year in 2006

ASP Transaction Volume up 47 percent

February 21, 2007

Bozeman, Mont –Zoot Enterprises, a leading provider of advanced instant credit decisioning and loan origination solutions based in Bozeman, Mont., announced record performance in 2006. The company processed more than 200 million transactions, a 47 percent increase in volume from 2005.

For the fifth year in a row, the company’s core-processing uptime exceeded 99.995 percent at its redundant facilities in Bozeman and Billings, Mont. Using two distributed processing centers, Zoot achieved 100 percent uptime in 2006, the third year of 100 percent uptime for clients utilizing Zoot’s distributed application environment.

“Providing 100 percent availability is a tremendous competitive edge for Zoot clients, and an area where Zoot leads the industry,” reports Tony Rosanova, chief technology officer at Zoot.

Zoot consistently processes more than 500,000 transactions daily. Its infrastructure includes a highly redundant fiber optic loop network, connecting the application service provider (ASP) to two independent facilities with real-time failover capacity.

Zoot experienced a 30 percent growth in revenue from 2005 to 2006. This was similar to the nearly 30 percent revenue growth achieved from 2004 to 2005.  The company attributes this increase to expansion of services with existing clients and new client acquisitions. The company is debt free with substantial cash reserves and continues to make significant strategic investments in the future. 

Zoot has worked with the largest financial institutions in the country for more than 16 years, developing innovations that move the market forward.  Zoot innovations include the first prescreen-of-one, the first online home equity application and the first enterprise cross-sell solution.

Zoot’s focus on its core applications has established it as the leader in decisioning and origination. Zoot offers several distinct advantages over competitors including its unmatched availability and solution flexibility enabling institutions to adapt the software to meet their unique needs. The quality of support provided by Zoot’s experienced staff before, during and after each client installation, has led to long-term relationships with seven of the top-ten U.S. banks.

"Zoot performs 90 percent of all transactions in less than three seconds.  Our speed and extremely consistent uptime record provides phenomenal reliability for financial institutions," said Dennis Dixon, president of Zoot.

About Zoot Enterprises
Bozeman, Mont.-based Zoot Enterprises provides large financial institutions with highly configurable, credit bureau independent instant credit decisioning and loan origination systems. Its fast, flexible and highly secure solutions reduce risk and improve performance for seven of the top-ten U.S. financial institutions accounting for more than 200 million credit transactions a year. The company's product lines support a wide range of transactions and allow clients to adapt to market changes in real-time. The ability to meet virtually any credit origination need has led to the company's long-term partnerships with the nation's most innovative financial institutions. Visit www.zootweb.com or call 406.586.5050 for more information.

MEDIA CONTACTS: William Mills Agency, Andrew McCaskill, 678-781-7210 or Zoot Enterprises, Eric Lindeen, 406-556-7449

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