Monterey Financial expands senior management team

Press Release
March 6, 2001
OCEANSIDE, CA -- Monterey Financial Services Inc., a leading provider of financial services to the vacation ownership industry, has promoted three key employees to senior management positions, announces Robert Steinke, president and CEO.

"After 10 consecutive years of record revenue and profits, Monterey has become a $10 million company," Steinke says. "My partner, Mike Gray, and I realize we need a strong leadership team in place. These employees have proven track records, and their promotions will ensure that Monterey can continue its remarkable growth over the next decade."

Dick Kuscsik has been named vice president and chief financial officer. A former vice president of finance for a Wall Street conglomerate, Kuscsik was named Monterey's CFO in July 1998 after joining the firm in 1997. The St. John's University of Jamaica, New York, graduate has over 38 years of experience in various accounting roles, including many years in the health and fitness industry.

Scott Little has been named vice president of sales and marketing. Previously national sales manager, he joined Monterey in 1994. A graduate of the University of San Diego, Little had managed the Southern California rental fleet for Enterprise Rent-A-Car before joining Monterey.

Chris Hughes, who had been Monterey's collection manager, was promoted to vice president of operations. A graduate of San Diego State University, Hughes joined Monterey in 1995.

Monterey Financial Services of Oceanside, Calif., provides loan servicing, collections, and consumer financing for the timeshare, health, music, and other industries.

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Contact:  	

Bob Steinke/Monterey Financial Services Inc.
Phone (800) 456-2225 ext. 3522 or
 Judy Kenninger/Kenninger Communications 
Phone (317) 858-8744 or e-mail kenncomm@aol.com