JUNUM Announces Formation of Voleran

Apr 16, 2001, 01:00 ET from JUNUM Inc.

    COSTA MESA, Calif., April 16 /PRNewswire/ -- JUNUM Inc.,
 (OTC BB: JUNM), a Delaware corporation specializing in Credit Management, Debt
 Exchange and Financial Services, announced the formation of Voleran, a wholly
 owned subsidiary.  Voleran will assume JUNUM's Debt Exchange(TM) operations.
 The goal of Debt Exchange is to reconstitute non-performing debt bundled with
 JUNUM membership as a new receivable.  The debt portfolio, containing a face
 value of $352.5 million with 189,000 individual accounts purchased by JUNUM,
 (see press release dated January 16th, 2001 of this year), will be transferred
 to Voleran.
     "This is a logical extension of JUNUM's commitment to the Debt Exchange
 program.  We believe separating Debt Exchange into its own operating Company
 will add to our growth momentum," said David B. Coulter, JUNUM's Chief
 Executive Officer.
 
     About JUNUM, Inc.
     JUNUM is a financial technology company engaged in Credit Management, Debt
 Exchange and Financial Services.  Credit Management works to improve a
 member's credit rating and protect their credit identity through the removal
 of inaccurate, outdated and unverifiable information from their credit
 reports.  This membership service is for individuals, small business and
 corporations with reoccurring monthly charges.  Debt Exchange offers consumers
 and small businesses who may have become delinquent on a debt the opportunity
 to regain their credit standing.  Financial Services uses the Company's
 patent-pending Analysis Engine to match its members' credit status with loans,
 leases and other credit offers from the Company's lending partners.  The
 Company has filed nine applications for patents surrounding its three main
 business components.
     More information is available through the Company and its Website:
 http://www.junum.com
 
     About Voleran, Inc.
     Voleran is a debt transfer company that works to reconstitute
 non-performing debt in to a performing receivable in the form of a Voleran
 credit card.  Voleran bundles the Credit Management services of JUNUM as an
 incentive for the debt transfer.  Voleran is a wholly owned subsidiary of
 JUNUM, Inc.
     More information is available through the Company and its Website:
 http://www.voleran.com
 
     Contact:  Rubin Investment Group - Mike Hiles, Director of Communications
 - 310-407-0100; or Voleran - Melinda Bowles, Director of Communications
 - 714-979-5063
 
     JUNUM, junum.com, junum, Inc., Debt Exchange, Credit Profile Management
 are trademarks of junum, Inc.  All rights reserved.
 
     Certain statements in this news release may constitute "forward looking"
 statements within the meaning of Section 21E of the Securities Exchange Act of
 1934.  Such forward looking statements involve risks, uncertainties, and other
 factors, which may cause the actual results, performance, or achievement
 expressed or implied, by such forward looking statements to differ.
 Additionally, there can be no assurance of the granting of patent applications
 by the United States Patent and Trademark office.
 
     junum, Inc.  1590 Corporate Drive Costa Mesa, CA 92626  (714) 979-5063
 www.junum.com
 
 

SOURCE JUNUM Inc.
    COSTA MESA, Calif., April 16 /PRNewswire/ -- JUNUM Inc.,
 (OTC BB: JUNM), a Delaware corporation specializing in Credit Management, Debt
 Exchange and Financial Services, announced the formation of Voleran, a wholly
 owned subsidiary.  Voleran will assume JUNUM's Debt Exchange(TM) operations.
 The goal of Debt Exchange is to reconstitute non-performing debt bundled with
 JUNUM membership as a new receivable.  The debt portfolio, containing a face
 value of $352.5 million with 189,000 individual accounts purchased by JUNUM,
 (see press release dated January 16th, 2001 of this year), will be transferred
 to Voleran.
     "This is a logical extension of JUNUM's commitment to the Debt Exchange
 program.  We believe separating Debt Exchange into its own operating Company
 will add to our growth momentum," said David B. Coulter, JUNUM's Chief
 Executive Officer.
 
     About JUNUM, Inc.
     JUNUM is a financial technology company engaged in Credit Management, Debt
 Exchange and Financial Services.  Credit Management works to improve a
 member's credit rating and protect their credit identity through the removal
 of inaccurate, outdated and unverifiable information from their credit
 reports.  This membership service is for individuals, small business and
 corporations with reoccurring monthly charges.  Debt Exchange offers consumers
 and small businesses who may have become delinquent on a debt the opportunity
 to regain their credit standing.  Financial Services uses the Company's
 patent-pending Analysis Engine to match its members' credit status with loans,
 leases and other credit offers from the Company's lending partners.  The
 Company has filed nine applications for patents surrounding its three main
 business components.
     More information is available through the Company and its Website:
 http://www.junum.com
 
     About Voleran, Inc.
     Voleran is a debt transfer company that works to reconstitute
 non-performing debt in to a performing receivable in the form of a Voleran
 credit card.  Voleran bundles the Credit Management services of JUNUM as an
 incentive for the debt transfer.  Voleran is a wholly owned subsidiary of
 JUNUM, Inc.
     More information is available through the Company and its Website:
 http://www.voleran.com
 
     Contact:  Rubin Investment Group - Mike Hiles, Director of Communications
 - 310-407-0100; or Voleran - Melinda Bowles, Director of Communications
 - 714-979-5063
 
     JUNUM, junum.com, junum, Inc., Debt Exchange, Credit Profile Management
 are trademarks of junum, Inc.  All rights reserved.
 
     Certain statements in this news release may constitute "forward looking"
 statements within the meaning of Section 21E of the Securities Exchange Act of
 1934.  Such forward looking statements involve risks, uncertainties, and other
 factors, which may cause the actual results, performance, or achievement
 expressed or implied, by such forward looking statements to differ.
 Additionally, there can be no assurance of the granting of patent applications
 by the United States Patent and Trademark office.
 
     junum, Inc.  1590 Corporate Drive Costa Mesa, CA 92626  (714) 979-5063
 www.junum.com
 
 SOURCE  JUNUM Inc.