Innovative Aftermarket Systems (IAS) Appoints Bob Corbin as Executive Chairman and Taps Patrick Brown as the Company's New President and CEO

Austin, Texas – IAS, a leading provider of F&I solutions

to the automotive industry, today announced that Patrick Brown has joined the

company as president and CEO effective September 12, 2016. Mr. Brown

succeeds longtime IAS executive Bob Corbin who has been with the company

since 2000. Mr. Corbin will continue to play a key role in the company

transitioning his focus to mergers and acquisitions.

Mr. Brown’s experience running high growth private companies and divisions of

high growth public companies makes him uniquely suited for the leading role at

IAS. Furthermore, Mr. Brown’s experience in non-automotive financial services

industries affords him a fresh perspective to help grow IAS.

“I have spent a lot of time with Patrick over this process and am convinced that

he is the right person at the right time for IAS. He is a big picture thinker with a

proven track record of successfully managing and growing companies and that

kind of vision is something we need more of in F&I,” said Bob Corbin, executive

chairman at IAS. “I’m incredibly proud of my tenure at IAS and the team that we

have put in place. I lit the torch and now I’m ready to pass it on.”

Before joining IAS, Mr. Brown served as the General Manager of the Commercial

Prepaid business for Netspend, a division of Total System Services, Inc. (NYSE:

TSS). In this role Mr. Brown was responsible for the strategy and overall growth

of Netspend’s commercial prepaid division. Mr. Brown joined Netspend

subsequent to its acquisition of Procesa International, LLC where Mr. Brown was

founder and CEO. Mr. Brown also served as General Manager of Euronet

Payments & Remittance, Inc., a wholly owned subsidiary of Euronet Worldwide,

Inc. (NASDAQ: EEFT). Mr. Brown joined Euronet subsequent to its acquisition of

Continental Transfer, of which he was a co-founder and served as chief operating

officer.

“I’m thrilled to be joining the IAS family. Bob and team have done an outstanding

job over the last 16 years positioning IAS as the market leader in the F&I

industry. I’m looking forward to working with the IAS team and the company’s

extended family of nationwide partners,” said Patrick Brown, president and CEO

at IAS. “

Mr. Brown holds a Master of Business Administration from the University of North

Carolina at Charlotte and bachelor's degrees in economics and finance from

Wingate University. He and his family currently reside in Austin, Texas.