Press Releases

FIRSTPLUS FINANCIAL GROUP, INC. ENTERS INTO DEBENTURE AGREEMENT WITH SUBSIDIARY RUTGERS INVESTMENT GROUP, INC.

March 31, 2008

IRVING, Texas, /PRNewswire/ -- FIRSTPLUS Financial Group, Inc. (FPFX.PK) has entered into a collateral pledge and subordinated debenture agreement with its wholly owned subsidiary Rutgers Investment Group, Inc., effective December 31, 2007.

Under the agreement, First Plus Financial Group, Inc. issued 10,000,000 common shares to its subsidiary, Rutgers Investment Group for general and corporate purposes. The shares that were issued are secured by a $1 million subordinated debenture issued by Rutgers Investment Group, Inc. at the December 31, 2007 closing. The $1 million debenture and the accrued interest as provided in the debenture is payable on demand at any time after the first anniversary date of the December 31, 2007 closing. This infusion permits Rutgers to more aggressively pursue its plans for licensing and expansion as a mortgage banking firm in selected areas of the United States.

The Premier Group, LLC has become licensed, bonded and fully operational in South Florida as well as in Pennsylvania. The Company plans to expand services in the near future to include Central and Northern Florida by November 2008; licensing has been also initiated in order to expand the Company's services to New Jersey, Delaware, New York, and Maryland.

About FirstPlus Financial Group, Inc.

A diversified provider of strategic business and financial services, FirstPlus Financial Group has grown rapidly through a series of mergers and acquisitions, creating a synergistic business mix from which to provide significant growth potential and to create value for its shareholders and employees.

About FirstPlus Enterprises, Inc.

FirstPlus Enterprises, Inc., a wholly owned subsidiary of FirstPlus Financial Group, Inc. has offices in Texas and Pennsylvania to maximize oversight of the Company's current holdings, as well as review of new projects nationwide.

Safe Harbor

This report contains forward-looking statements within the meaning of the "safe harbor" provisions under Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. The Company uses forward-looking statements in its description of its plans and objectives for future operations and assumptions underlying these plans and objectives, as well as in its expectations, assumptions, estimates and projections about the Company's business and industry. These forward-looking statements involve risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of certain factors as more fully described in this report.

Forward-looking terminology includes the words "may", "expects", "believes", "anticipates", "intends", "projects" or similar terms, variations of such terms or the negative of such terms. These forward-looking statements are based upon the Company's current expectations and are subject to factors and uncertainties which could cause actual results to differ materially from those described in such forward-looking statements. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this report to reflect any change in its expectations or any changes in events, conditions or circumstances on which any forward-looking statement is based.