Franchise News Release: Midlothian, IL - (Aug-8-2003)

Moran Industries Partners With Fifth Third Processing Solutions (8/03)

Moran Industries, Inc., the leading franchisor in the automotive aftermarket industry, has chosen Fifth Third Processing Solutions as the endorsed credit card processor for Visa®, MasterCard®, American Express® and Discover® credit card transactions at Moran's 150-plus locations, operating under the trade names of Mr. Transmission, Multistate Transmission, Dr. Nicks Transmission, Milex Tune-Up and Brake and Alta Mere Window Tinting and Alarms.

An innovator in the automotive aftermarket business for more than 40 years, Moran Industries is revolutionizing the auto repair business with its unique idea to co-brand transmission repairs, brake jobs, windshield repair and auto alarm installation under one roof. The Franchise management company, which was founded in 1990, has created a family of services that meet all of America's automotive aftermarket needs.

The Moran/Fifth Third relationship will make it easier for Moran's transmission center franchisees to better serve their customers. Fifth Third Bank processes 8.2 billion ATM and POS transactions per year for 185,000 retail locations and financial institutions worldwide.

"We are excited about the opportunity to build a strong relationship with such a premier electronic payment processor," said Barbara Moran, president of Moran Industries. "We are confident that Fifth Third has the value, quality customer service and ability to meet our company goals, enabling us to continue on our strategic path to growth and excellence."

About Fifth Third Bank

Fifth Third Bancorp is a diversified Financial Services company headquartered in Cincinnati, Ohio. The company has $84 billion in assets, operates 17 affiliate banks with 942 full-service banking centers including 132 Bank Mart locations open seven days a week inside select grocery stores and 1880 Jeanie ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, West Virginia, Florida and Tennessee.

About Moran Industries

Moran Industries, based in Midlothian, Illinois, provides automotive repair services of transmissions, engines and under car components through five franchise brands and a total of 191 franchisees, including franchisees of Mr. Transmission, Multistate Transmission, Dr. Nick's Transmission, Milex Tune-Up and Brake, and Alta Mere Window Tinting and Alarms. Moran Industries is a leader in the $300 billion autocare industry. 


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