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  September 5, 2001
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Home > Company Index > Financial Services > Consumer Loans > National Auto Credit, Inc.

National Auto Credit, Inc.
OTC: NAKD
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 PROFILE
After years of losses and bitter internal fights, National Auto Credit left the sub-prime auto financing business and sold all of its automobile retail installment loans. The firm settled lawsuits with former chairman and founder Sam Frankino (buying out his nearly 50% stake) and angry shareholders and is exploring new ventures. It bought ZoomLot, which is provides online financing, insurance, and warranty services to independent used-car dealers. On an entirely different track, it bought 50% of Angelika Film Center, a Manhattan cineplex (co-owned with Reading Entertainment, a descendant of the railroad of Monopoly fame).

 COMPETITION
AmeriCredit Corp. (ACF)
Credit Acceptance Corporation (CACC)
MFN Financial Corporation (MFNF)

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 FINANCIAL OVERVIEW
Fiscal Year-End: January
2001 Sales (mil.): 4.70
1-Yr. Sales Growth: (37.0)%
Employees: 75
Revenue per employee: $62,666.67

 KEY PEOPLE
• David L. Huber
    CEO
• Sean Maroney
    CFO

 CONTACT INFO
30000 Aurora Rd.
Solon, OH 44139
US
Phone: 440-349-1000
Fax: 440-349-3141
Online: Web Site

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